Wednesday, June 20, 2007

Student Loan

Before entering college, you may find yourself pondering exactly how you will be able to pay for college. Many public colleges and universities cost thousands of dollars, while private colleges and universities can cost $10,000, $20,000, $30,000, or even more just to attend. Before getting too worried about these high prices, it is important to know that help is just a click of the computer mouse away, as the internet can help you to find the financial aid option that is right for you!

FAFSA First

Without knowing any of the options, it is important to first fill out a FAFSA form with your school’s financial aid department. The FAFSA form allows you to tell the federal government all of your financial information. Once they have that in hand, they can determine what your best financial aid options are.

Loan Options

One option often used by students entering college is loans. Loans, like the federal PLUS loan, Perkins loan, Stafford loan, and FFEL loan, can all help you to pay your way through college without putting a dime down to do so. You will, of course, be required to pay back some or all of these loans (depending upon your financial status and the financial status of your parents), but loans can be an effective way of paying your way through college.

Grant Options

Another option is grants, which can be obtained through the government (like the Federal Pell Grant, for example) or through your particular school. Grants pay your way through college and do not need to be repaid once you graduate. These grants are usually only “granted” to those who are in need of financial aid, but be sure to apply for them if you think that you are eligible.

Other Financial Aid Options!

Other less conventional methods of financial aid are also available to college students. Federal work study allows students to work at colleges and universities while they are enrolled there for several hours per week. Money earned can then be used as a means of financial aid. Check with your specific college or university for other financial aid options that may exist and be at your disposal.

International Scholarships and Fellowships

We compile the scholarship and fellowship offers into four main categories. Following is a description of each categories.

  • Undergraduate Scholarship
    This category contains international scholarships for undergraduate and college levels. Undergraduate is the name given to students who are studying for their first degree.
  • Postgraduate Scholarship
    Postgraduate is the level of university degree beyond the undergraduate. The postgraduate degrees include master (MA, MBA, MEd, MSc) and doctoral or PhD. In this category, you will find scholarships for international students at such levels.
  • Postdoctoral Fellowship
    All offers for those beyond the doctoral or PhD level are grouped in this category. It may includes postdoctoral positions and other academic related positions.
  • Nondegree
    This nondegree term is used to group or categorize scholarship offers which originally do not have any information on the degree of education from the providers. It includes summer school opportunities, academic awards, academic competitions, etc.

Additionally, in the resources section users may find other useful educational materials. It mostly contains various articles that might be useful for students in preparing scholarship applications or supporting their study.