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Archive for November, 2008

Nov
26

Smart Solutions for covering your college cost

Author: Sally Croft
Tips to cover your college cost

Stop getting worried about funding your education. Number of options and alternatives are available to finance your education. Here are some of the tips that will help you stay clam and find fitting solutions for your fund requirement.

  • Do not worry. Various options are available to find the right kind of solution to your borrowing need whenever the requirement arises.
  • Surfing the internet is one of the most effective ways of looking for the optimal Student Loan options. There are many sites that provide services which enable students to compare the student loan options available.
  • Contacting local civic heads or state senator could be of great help, they might know certain corporations and non profit organizations which have funding options for student’s educational purposes.
  • After that you have exhausted every possible alternative under the federal student loan option you can try the PLUS Loan option. Wherein parents can get financial aid for their child’s education.
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  • College authorities are a great source of information regarding the student funding options in the state and in that particular school.
  • Work study program is an excellent solution for funding college education. This option enables students to work and pay their college fees while attending college.
  • If you have investments you can think of exploring the possibility of borrowing against investments.
  • Ensure that you take loans only for the immediate fee installments payable. There are greater possibilities of obtaining a scholarship or grant funding for the study program.
  • A college education is an invaluable investment for the future of your child. Borrowing money for education is a human capital investment. It would enable you to avoid the possibilities of borrowing for your retirement.
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Nov
24

Can I get Student Loan with low credit score?

Author: Sally Croft

Worried about your credit history? Afraid of rejection of your loan application due to bad credit? You should try Federal as well as Private source of finance for a Student Loan of your choice.

Credit Score:

Credit score is indeed an important determinant for loan approval. It is the case only when it is a non need based loan. No credit check is done in case of need based loans. Most of federal loans are need based loans, where no check is required. Low credit score does not stop you from availing a loan. It is just that you are charged premium for the risk factor involved in lending money to you. It is advisable to exhaust every possible federal loan before venturing into alternative source of finance.

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Factors involved in getting a Student Loan with Bad Credit
  • Where your current credit report does not enable you to get a loan at favorable terms, it is time for you to take the help of your family members. Request one of them who have a favorable credit score to be a cosigner. This will enable you to get a loan at favorable rate and terms.
  • Try contacting as many bankers as possible explaining your credit situation and assuring your best. Many banks lend money to bad credit borrowers subject to certain precautionary measures and rates coupled with risk premium.
  • Think of applying for a combination loan, wherein you will end up consolidating your previous student loan and apply for a new loan for further fund requirement. It is necessary to apply along with a cosigner for the loan to get approved in such cases.
  • Make a FAFSA application for Federal Perkins loan. Both government as well as school funds is used in granting such loans. Being a need based loan, it does not require any credit check.
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Nov
20

Top 12 Weird Unknown Scholarships

Author: Sally Croft

College education requires funding from various sources, since personal sources of finance alone is not sufficient to meet the rising cost of education. Given below are the top 12 weird unknown scholarships.

1- Chick and Sophie Major Memorial Duck Calling Scholarship

All you need to know is how to call ducks. Get down to Stuttgart, Arkansas to compete and win prize money of $1,500 for college.

2- Billy Barty Foundation Scholarship for Dwarfism

It is weird in the real sense that those who are less than 4 ft 10″ qualify for $1,000 scholarship with a medical certificate for dwarfism.

3- Tall Clubs International Student Scholarship

May be I should call it a reverse scholarship in the sense men who over 6′2″ and women more than 5′10″ tall qualify for a $1,000 scholarship.

4- Left Handed Students

Are you a student of Juniata College in Huntingdon and are you a left hander, Congratulations! You qualify for a scholarship to fund your college education.

5- The Patrick Kerr Skateboard Scholarship

Any high school senior skate boarder with a GPA of 2.5 and serious of about attending college can apply for scholarships ranging from $1,000 to $5,000.

 
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6- Carnegie Mellon University Bagpipe Scholarship

Literally one of its kinds the Carnegie Mellon University awards $7,000 to one applicant every year to study bagpipe.

7- The Klingon Language Institute Kor Memorial Scholarship

This scholarship is based on an alien race from Star Trek. All that is required is that you should be a graduate enrolled for a language and linguistics course in an accredited institution.

8- Michigan Llama Association Scholarship

Are you studying vetenary medicine in the Michigan State University? Are you interested in studying and working with Lamas, here get a scholarship for $500.

9- Duct Tape “Stuck at Prom” Scholarship Contest

You and your date should participate in a high school prom with attire made out of duct tape.

10- Society of Vacuum Coaters Foundation Scholarship

A scholarship of $5,000 is awarded to a student who is interested in studying Vacuum Coaters Technology.

11- Excellence in Predicting the Future Award

A scholarship of $400 is awarded every two months to those who can predict the ‘buy and sell’ in stocks.

12- Starfleet Academy Scholarships

These scholarships are named after actors or characters in television series.

Friends, I have mentioned 12 most weird scholarships in this post, don’t forget to share more such scholarships with us you think should be in this list.

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