Posts Tagged ‘financial aid’

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Feb
9

How to get No Credit Student Loan

Author: Sally Croft

A no credit student loan is one in which credit checks are not a requirement for the granting of the student loan. No credit student loans facilitate the millions of students who would not have any established credit rating either because they have never owned a credit card or are sponsored by other individuals. This mechanism also facilitates working professionals with bad credit who have realized that improving their academic status can increases their chances of improving their credit ration though increased salaries after graduation. However, all recipients of these no credit loans must provide a co-signee to attain approval.

Most no credit loans are derived from government sponsored programs. None of these loans standing alone will cover the entire cost of your education, but with deep research, they can be combined to offset a significant portion of your educational cost. These no credit student loans come in the form of subsidized and unsubsidized Stafford loans, federal Perkins loans, Pell Grants and other local state funded loans.

Stafford Loans

Any student financial aid advisor will tell you that the first student loan to apply for is the Stafford no credit loan. This loan is divided into two categories based on the financial condition of the applicant. Subsidized Stafford loans are reserved for those students with severe financial restrictions.

Under the subsidized Stafford loan, the applicant must provide concrete proof of their financial difficulties. Upon approval, the government foots all interest payments on the student’s behalf until they have graduated and exceeded their six-month repayment grace period.

The unsubsidized Stafford loan is open to all students regardless of their financial condition. This loan is also a no credit loan but students are required to make all interest payments on their own.

Both subsidized and unsubsidized Stafford loans attract a fixed interest rate of 5% throughout the lifetime of the loan.

Perkins Loans

Perkins loans are designed to provide supplemental support to students after they have exhausted their Stafford student loans. These loans usually range from $1000 to $4000 per annum where the commencement of repayment extended up to a nine-month period following graduation. These loans are distributed through the financial aid office of each university and are distributed on a first come first serve basis. As a result, students must apply early to benefit from this no credit student loan program.

Local State Funding

Many states provide no credit student loans as a part of their social development programs to develop homegrown talent. These loans are sometimes in conjunction with leading industries and target universities that perform research that can benefit them in the end. Qualification is generally based on academic achievements thus ignoring your financial status or credit rating .

Federal Pell Grant

The Federal Pell Grant specifically targets low-income students. To facilitate these individuals, they have deliberately removed credit checks from the list of criteria of qualification. However, to qualify for Federal Pell Grant no credit loans, applicants must prove their status as a low-income earner.

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Jan
27

Top 10 Scholarships of 2010

Author: Sally Croft

It is possible to find money for school! Getting a degree has become extremely expensive. In fact, so much so that even if a student receives a lucrative financial aid package it still is not enough to cover tuition, books and other fees. Wouldn’t you like to have your education funded? The following is a list of 10 companies that fund education.

1. AT&T
AT&T Logo

The AT&T Labs Fellowship Program awards scholarships and grants to women and minority post-graduate students. The AT&T Foundation has also announced a new scholarship program offered in conjunction with UNCF to provide scholarships for African-American children or stepchildren of regular full-time employees of AT&T, Inc. and its U.S. subsidiaries.

2. Bank of America
Bank of America Logo

Bank of America Joe Martin Scholarship program is a competitive scholarship program available for college or vocational schools to dependents of associates who have been employed by Bank of America for at least 1 year. Dependents of deceased, disabled, or retired associates also are eligible. Awards range from $1,000 to $5,000 for each year of full-time study. Scholarships are awarded based on academic achievement, leadership, contributions to school and community, character, and financial need.

3. Best Buy
Best Buy Logo

Best Buy’s @15 Scholarship Program is awarding $1,500 in scholarship money to 1,000 students living in the United States and Puerto Rico. Students who will be entering college in the fall after graduating from high school will be eligible for this scholarship. Students should demonstrate excellent academic achievements, volunteer efforts and work experience. Best Buy wants to help you to prepare for a brighter future by awarding you money for college tuition.

4. Coca-Cola
Coca-Cola Logo

Coca-Cola is one of the largest, most familiar Fortune 500 companies on the globe. Not only does Coca-Cola award a number of scholarships to graduating high school students pursuing 4-year degrees, but the company also has established a program that is designed explicitly for students who will attend 2-year colleges-The Johnson Legacy Scholarship Program.

5. ExxonMobil Corporation
ExxonMobil Corporation Logo

ExxonMobile in partnership with SECME schools awards scholarships annually to minority students who are heading to programs in fields of math and engineering fields that have historically lacked in diversity. Mobil Delvac, another segment of the corporation, awards Agricultural Scholarships for students studying in an agricultural program.

6. Ford Motor
Ford Motor Logo

Society of Manufacturing Engineers Ford PAS Scholarships offers three $10,000 scholarships to graduating high school seniors who have also participated in the PAS program. The Ford Partnership for Advanced Studies (PAS) program fits high school students into informal internship or mentor situations where they may observe and learn from business people and academics. PAS emphasizes the underrepresented students and promotes their education in the sciences, engineering, math and technical fields.

7. General Electric (GE)/LULAC Scholarship
General Electric (GE)/LULAC Logo

Applicant must be a U.S. citizen or legal resident and a minority student enrolled in full-time studies leading to a bachelor’s degree at an accredited college or university in the U.S. and have a minimum 3.25 GPA. Selection is based upon academic performance, performance in business- or engineering-related subjects, likelihood of pursuing a career in business or engineering, writing ability, extracurricular activities, and community involvement.

8. JP Morgan Chase Scholarship
JP Morgan Chase Logo

The Thomas G. Labrecque Smart Start Scholarship Program is open to graduating high school seniors in New York City who will attend a participating four-year college or university within one of the five boroughs of the city. Applicants are chosen for both academics and financial situation. Awards include full tuition, textbook stipend and paid summer internships with JP Morgan Chase

9. McDonald’s
McDonald's Logo

The Ronald McDonald House Charities has awarded more than $29 million in the US to aid student dreams of receiving a top quality education. Scholarships are for those applicants who live in the U.S., where there are participating local chapters. The applicant must be a high school senior and under 21 years of age. The scholarships are available for either four-year or two-year colleges.

10. Wal-Mart
Wal-Mart Logo

Wal-Mart gives a significant number of scholarships in each of their communities to graduating high school students. Wal-Mart Corporation has been committed to community involvement since Sam Walton first developed his business plan.

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Jan
18

Unbeatable Scholarship for Exchange Student Program

Author: Sally Croft

Most students studying in a foreign country will experience difficulty find school fees, let alone the additional cost of the student exchange program. As a result, most students depend on the assistance of international scholarship programs that target exchange students. These scholarships are designed to allow students to gain valuable international experience, learning news cultures and languages and exploit resources that may not be available in their home country.

Student Exchange Advisor

Navigating through the excitement of studying abroad is vital to the success of your student exchange program. Before signing any documents of seeking funding for your student exchange program, speak to a qualified student advisor to learn about the intricacies of studying under the student exchange program. These individuals are also privy to information on loads of student scholarships that target exchange students. They can also establish links with these institutions to initiate the process of gaining a scholarship under the student exchange program.

How to Qualify for Exchange Student Scholarship

To qualify for a scholarship under the student exchange program, student must first establish and prove a need for the financial aid. This is important as the amount of available funds are always limited so only those who apply early and with a credible need will benefit. They then complete an application form with supporting documentation such as school fees, lining expenses and the reason for studying overseas to prove their case.

Exchange Student Scholarship Programs

Student exchange programs provide a valuable service to students who wish to study abroad. Most scholarship programs are granted either to foster corporation between countries, as a part of a company’s civic duty or to get individuals trained in specific areas that do not exist locally. Some of these student exchange scholarship programs include:

  • Fulbright Program: This is program established in 1946 with the aim of fostering amicable relationships with the United States and peoples of other countries through education. The program provides scholarships to students who want to study overseas in student exchange programs where they can exchange ideas, cultures and contribute to the development of ideas to resolve matters of international concern. The fund is funded by the government and coordinated through the offices of the Institute of International education who manage over 250 scholarship programs. The Institute of International Education also manage programs sponsored by the world bank, Cisco Learning Institute, Freeman foundation, Ford Foundation and international governments such as Brazil, Chile, japan and Spain.
  • CIEE Student Scholarship: CIEE have recognized the financial difficulties faced by exchange students while away from the comforts of their home country. Each year they offer thousands of dollars in scholarships and grants to international exchange students. They implore students to apply early and provide credible information with their application, as competition for their scholarship is fierce. CIEE offer scholarships for students studying in all continents without restrictions on the area of study.
  • German Academic Exchange Service: This scholarship program provides financial support to highly qualified students who wish to study in the country of Germany.

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