Grants to Pay off Student Loans

Many people are aware of grants for collegestudents, but there are other grant programs for people trying to pay back their student loans.  Grants are one of the best forms of financial aid because they often do not need to be repaid since they are considered gifts.  Most grants require that recipients perform community service, suffer financial hardship, be of minority status, or have high academic achievements.  This type of financial aid can come from public sources (like the government) or private organizations.

By making use of grant money, recent graduates can quickly pay off their student loans, which means they will likely pay less interest in the long run and save money.  Below are grant opportunities that can help you repay your loans:

• National Institutes of Health Loan Repayment Programs (NIH LRPs): If you are a health professional doing research, NIH will help you pay back your student loans.  To qualify, applicants must be U.S. citizens or legal residents, have a doctoral degree, meet debt ratio requirements, and perform qualified research for a nonprofit domestic organization.  Upon acceptance, participants are committed to at least two years of research and can receive up to $35,000 in repayment assistance.  This program is also available to existing NIH employees.  To apply or learn more, visit here http://scholarshiphelpcenter.blogspot.com/
• Federal Teacher Education Assistance for College and Higher Education (TEACH) Grants: Teachers can receive up to $4,000 from the U.S. Department of Education each year if they agree to teach a high-need subject at a facility that serves low income families for a minimum of four years.  In addition to fulfilling general eligibility requirements for federal student aid programs, applicants must be enrolled in a TEACH-approved program and maintain certain GPAs or similar academic achievements.  A list of high-need subjects and additional information about the grant can be found at the TEACH site.

• Peace Corp, AmeriCorps, Teach for America and other public outreach programs: Organizations with an interest in improving public health, education, or general quality of life frequently offer student loan grants and other educational incentives for those who volunteer.  Participants live and work in a high-need community in exchange for assistance with student loan repayments.
• State government grants: States offer a variety of grant programs for students in school and graduates trying to pay back loans.  Programs such as teaching at high-risk schools, providing medical services to low-income areas, and other public-interest projects are available in many states and will help repay your student loans or offer other educational benefits.  Other grants are available to those with minority status or for earning special achievements at school.  Individual programs vary from state to state.  A list of all state-level Departments of Education can be found here.

Since they are essentially free money, grants are a great way to eliminate your student loan debt.  In addition to the resources above, visit your school’s financial aid office, as they may know about other grant opportunities in your local area.

Can You Feel Romance While You Still Have Student Loans?

For some the mental and physical burdens of repaying a student loan can be overwhelming, especially if you are not in a good financial state. The thought that defaults on your student loan can lead to deductions from your income tax and refunds on your social security checks in the future are quite frightening. The last thing you want to be worrying about is a romantic relationship with someone else. A relationship in and of itself carries its own burdens, (financially speaking) and finding the right partner who can accept your financial situation can be equally difficult. However when love strikes how can you ignore it? Here are a few tips on how to strike a balance between the two:

Student Loan Consolidation Programs – Logical Approach to Prevent Economic Failures

Cost of average education at public universities for graduation and traditional degrees have increased multi-fold, which can be anywhere from 10 to 50 thousand dollars every year. The bill for medical, technical and higher educations could well be beyond the affordability of middle-income parents. Education is the most useful asset in the life of anybody. Simplest way to meet the burgeoning education expenses is to raise loans and debts. Educational loans are the most easily accessible form of debts for students.

Planning your retirement – don’t want to know about it. Let Betterment do it instead

Come on people! I have just got out of college and now you want to talk to me about retirement! I have still got a college debt or debts or I have just discharged them and I would like to have a life. But no, you want me to plan that far in advance – for my retirement or whatever. Give me a break, people!

However, in reality that is what it is all about – a series of steps to achieve and reach the next goal in life. People need to budget – for food, electricity, water, gas etc and you allocate your incoming earning(s) to ensure these are met. Similarly you have things you would like to do that you should save for. I myself have a system. Outsource! It works for me. I am told what to do, how to do it. Believe this is the only time in my life that I actually listen to other people and do as I am told.

Backup of Counting down readyforzero

Counting down – Ready for Zero

When I was a struggling college student, and who isn't  I had debts everywhere. It was to the point that I only paid urgent ones to keep the fridge running, the lights on – you get the drift.

When I graduated I figured out that I would have to do something about this, as it was getting critical. So I started to research. Talk about a massive stress headache. There are so many options and so many variables. At the end of the day I wanted someone to just tell me what to do. How to repay these debts asap and not to accumulate more on the way, but to also maintain a reasonable standard of living. Yes, luxuries would have to remain just that.

Uncovering the Truth About Scholarship Myths

One overlooked consequence of living in a world with a seemingly endless supply of information, being served up faster (and cheaper) all the time, is that some of that information is questionable. If you will soon be facing life-changing choices about both getting into college and paying for it, a crucial first step in the process is uncovering the truth about scholarship myths. Yes, the Internet has made information easy to get, but you still need to be careful about double-checking facts and verifying claims. You will have a lot of research to do if you intend to apply for scholarship funds to help your family pay for your college education.

How To Get Money For College: Scholarships

Like many people, you might assume that money for college in the form of scholarships is only available to people with perfect grades or test scores, or for those with low income, or incredibly talented athletes. But times have changed, and so have scholarships. In fact, most private scholarships (and academic philanthropy is more prominent than ever in the United States today) do not require proof of income or high grades. Many are given to students for their personal backgrounds, ethnicity, special talents and affiliation with certain organizations or religion.