How do I find colleges that offer Scholarships for my Graduate Studies?

Author: Sally Croft

Given the rising cost of education and difficulty in obtaining financial assistance at a reasonable cost, scholarships and grants are a great source of support and financial aid available to students. Not only this is free money, it is also sufficient enough to cover the cost of education incurred for completing your graduate studies.

Students are advised to first exhaust every possible source of free money like scholarships and grants and go for loans if need arises. Scholarships are financial aid specifically meant for supporting the cost of education incurred by students. Government as well as private organizations offer a number of such programs. These programs require certain conditions to be satisfied to qualify. Excellent academic record, impressive GPA score and maintaining grades through out the course of study are some of the requirements. Normally scholarships are based on merits.

Colleges themselves offer a number of scholarships to students who excel in their studies and maintain the required GPA score. Those who do not qualify for government sponsored programs or if the amount thus obtained are not sufficient to cover the cost of education, can look for colleges which offer scholarships for the course of study chosen by the student.

Colleges that offer Scholarship for Graduate Studies

Internet is an excellent source of information to know the various scholarship schemes available and the colleges which offer them
Local library is another source to know details about the colleges and their various scholarship programs.
Network with college professors is a great source of support that enable students to know about the various colleges and those which are preferable for a given source course of study along with financial aid.
Students and friends are also a great source of knowledge and information regarding colleges and their scholarship programs
The respective colleges themselves in their brochures give information about the colleges and the financial assistance given by them to students. It is for the students to gather information.

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Posted in Scholarship, Scholarship Scams, Types of Scholarship | 3 Comments »

Oct

Top 10 Private Student Loan Lenders

Author: Sally Croft

Private Student Loan Lender

Private or Alternative source of financing is on the rise. More families are opting for them. They account for 20% of student loans availed in comparison with 4% few years ago. Their popularity is mainly because of their aggressive marketing strategy and easier loan processing pulicy. Long list of Private Student Loan Lenders are in the market offering a variety of Student Loan options.

Top 10 list of Private Student Loan Lenders

Sallie Mae Education Trust: Signature Student Loans are offered to graduate, undergraduate and professionals students. The interest rates vary from LIBOR + 2.5% to 10.05%. Other fees are charged at the rate of 0 to 6%. Offering a grace period of 6 months, the repayment period stretches between 15 to 30 years.
Wells Fargo: Wells Fargo Cullegiate Loan, Midcap Alternative Loan, Wells Fargo Graduate Loan and Wells Fargo Education Loan are offered at PRIME rate to PRIME + 7.75% with 0% fee and repayment period ranging from 15 – 20 years.
Ed America: Loans are offered to Graduate and Undergraduate students at competitive interest rates and flexible repayment terms.
Chase Bank: Chase graduate, undergraduate and professional loans are offered with a repayment period of 25 years. Interest rate reductions are offered for auto debit and co-signed application.
Citi Bank: Citi Bank Student Loans are offered to Graduate students with a 20 year repayment term and concession in interest rates for cosigned application.
Student Loan Network: Loans are offered to graduate, K-12 and professional students with 4% to 5% additional fee on the loan amount and a 20 year repayment period.
Axiom Students Loan: Axiom Campus Fund Loans for cullege students are offered at PRIME + 3.5% to 7.5% interest rate with a 25 year repayment period.
Access Group: Loans to graduate and undergraduate students are offered with competitive interest rates and a 25 year repayment period, with or without co-signer.
Cullege Loan Corporation: Premier loans are offered to cullege students at PRIME + 6% interest rate with .25% reduction for auto debit facility and upto 25 years repayment period.
Wachovia Education Loan: Wachovia offers variety of loans ranging from Graduate, Medical, Residency, and Law and bar loans with 25 years repayment period.

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Posted in Private Student Loan, Private Student Loan Consolidation, Student Loan | 5 Comments »

Oct

Moms getting back to school with Online Degrees

Author: Sally Croft

Thanks to Online Degree program, moms are getting back to school once again. The beauty of online degree program is that the identity of moms remains anonymous so they can study freely without having to worry about anything. Another significant thing about Online Degree Program is that it gives moms an opportunity to study on the basis of their own schedule. If moms are not free in the morning, they can attend classes during afternoon or night.

Financial aid:

The most intriguing thing about Online Degrees is that moms can get financial aid in the form of grants and scholarships. To apply for financial aid, moms just need to fill an online application form with details such as name, address, phone number and e-mail. There are number of financial institutions operating in the market that provide loans to moms who are interested in earning an online degree. Federal government also offers various grants and scholarships to moms.

Increasing knowledge base:

For moms, Online Degree Program is all about increasing knowledge base. In traditional degree program, you cannot interact with the faculty members once the class the over. This is not the case with online degree program. You can interact with the faculty members even after the class is over through e-mail and phone. With classes being conducted over Internet, you can access the lecture given by faculty members anytime you want by just entering your username and password that is being allotted by the university.

Placement assistance:

If you are interested in doing job after earning an Online Degree, online universities provides placement assistance to moms. This is important because finding jobs in this day and age is not that easy.