College scholarships could help you avoid taking out private loans
October 11, 2011
Mothers who have made the decision to head to college to pursue a fulfilling career have a wealth of financial opportunities available to them, but it can be difficult to sift through each one to find the ideal form of funding. Researching these options is a huge aspect of the admissions process to help prospective students avoid taking out private loans.
Private loans are one of the main causes of the ever-growing number of defaults, and they have a number of shortcomings that should make them the last option. Many have interest rates that fluctuate, penalties for paying them off early and can be a significant debt burden after college.
It's important for incoming students to investigate the many financial aid options available that don't need to be paid back. Federal and state grants or college scholarships are the ideal forms of college funding, but they require significant research to find and apply for them.
College is more affordable than ever, but finding the means to make it a reality will require discipline and the drive to find outlets that can cover the expense of tuition.
