Financial Archives

You Need a Plan to Pay for College

The fact is that you and your parents should start making a plan to pay for college no later than your senior years of high school.

Your parents should start building a college fund, if possible. You should prepare well for your college entrance exam (the SAT test or the ACT test). Aim for the highest score possible. If you do well and get a high score then you have a good chance to obtain a scholarship or a cut in your tuition from the school itself. When you choose schools to apply for you should know already what scholarships are available at each school, because this may differ largely.

Join Upromise!

Keep in mind that there may be scholarships available not only at schools, but in your community and at the national level.

You should apply for the Federal Pell Grant even if you think you may not qualify, because the disbursement of money depends on many factors. A Pell grant, unlike a loan, does not have to be repaid. Once you started college, you should fill out your FAFSA (Free Application for Federal Student Aid). Go to the Federal Student Aid website and find out about eligibility, deadlines and FAFSA filing options. You can find here your school code you need to file FAFSA. You need to fill out FAFSA to apply for the Pell grant. You can find information about the Pell grant here.

Click here to find the right student loan for you!

If you decide you need to take a student loan, make sure you compare several options. Get information from several sources. A student loan means you will only have to pay it back after your graduation, as soon as you find a job. SimpleTuition offers tips on how to choose a student loan and the possibility of comparing several types of loans.

Another possibility to pay for your many college needs is to work part-time. You get both money and work experience. Usually there are several good jobs to work on campus, like the bookstore, the library, the computing center etc. True, there may be a high competition for these jobs. The sooner you apply for it, the better chance you have.

Some people may need to work full time several years to pay for college. It is true that college got more expensive lately, but if you decide you want to go to college then do it by all means. Paying for college entirely with your own money may be tough, but it is also a good incentive to do your best and graduate with a high score.

Article: Five Tips to Save Money in College

Your college needs include money. If you are still in high school and plan to attend college you should read this article. I find it very useful. Here’s a summary of the article:

  • Think long and hard about what college you will attend
  • Start choosing challenging courses like dual credit or AP
  • Participate in extracurricular activities to increase your chances for a scholarship
  • Focus on doing well on your college entrance exam
  • Have recommendation letters ready for your application

Then Join UPromise and Save for College

Fast cash

Another source of fast cash for your college needs:

Get a Payday Loan Faster With ACE Cash Express! Fast Approval! Get Your Money!

The rates may vary by state. In California you pay $15.5 for a $100 loan. You can change your mind about the loan in 48 hours. They require a checking or a savings account that has been open for at least one month before applying for a payday advance. You must also have a verifiable steady income.

ACE Cash Express offers also prepaid debit cards and other financial services. See my previous post “Money for Your College Needs” for other sources of fast cash.

Money for Your College Needs

I hope you did not spend too much this holiday season! Yet, if money is one of your college needs now and you need fast cash here are three sources of short term loans.

Get FAST cash with a FAST loan decision from PayDayMax. New customers save 25% off at DiscountAdvances. The third source is 100DayLoans.

100DayLoans is not a direct lender, instead they are connected with many lending partners, to choose the right loan for each client. They do not lend more than $1000. They approve loans even if you have bad credit or no credit.

The other two are direct lenders. For example, PayDayMax asks a fee of $18.62 for a $100 14-day loan. DiscountAdvances asks a smaller fee: $17.5 for a $100 14-day loan and in general they have smaller fees than PayDayMax. Both companies offer a discount for the first loan. You can apply either online or by phone. You need to have a bank account that shows you have an income, either from employment or from monthly deposits made by someone to your bank account. DiscountAdvances requires a bank account that has been active for 90 days. From each of them you can get a loan between $100 and $1500. You cannot open two loans with the same company, but PayDayMax approves a loan even if you have another loan open with another company.

They do not even require a good credit record. DiscountAdvances does not perform traditional credit checks, but they do verify applicant information via credit reporting agencies including Teletrack and Clarity Services, Inc. to see that you have no unpaid cash advances.

I take this opportunity to write about student loans too, which is a long term loan. You will have to pay it back after you graduate and have a job. This is a more serious matter because a student loan is supposed to cover your expenses during your studies up until graduation. Acquisition of a loan for students has lesser interest rate compared to other types of loans offered by banks and lending companies.

When you decide to apply for a student loan, make sure to select a reliable and secured company. You can make some research first about the best and reputable companies in town who offer this kind of services so that you can rest assured that your account is in good hands. Remember that all financial matters you have will be reflected in your credit report. So make certain that you will maintain your good credit rating from now on. Look for a firm who offers reasonable interest rate for students since lending companies and banks have varied interest percentages. Always compare several lenders before you will fill up and submit an application form. Evaluate the terms and conditions of the contract and determine the period and mode of payment after you have graduated in your desired school and profession. It is best that you will process this matter with your parents or guardians to ensure best outcomes in the future.

SimpleTuition offers you the possibility to compare multiple loan options from a variety of leading lenders.