Affording College in a Down Economy


(NewsUSA) - Ups and downs on Wall Street, the pinch of the current credit crisis and an uncertain economy make students and parents worry about college tuition payments.

Tightened credit lines could make borrowing money for college an uphill battle for many American families. But most families can still find ways to send their high-school graduates to school. "You can still make college a reality, even in the middle of a credit crisis," says Martha Holler, spokesperson for Sallie Mae (www.SallieMae.com), the nation's leading saving- and paying-for-college company. "Loans remain readily available to help you pay for college."

Despite the crazy credit crunch, students and parents can still find federal student loans regardless of credit score, income, assets or collateral. Federal law fixes student loans at a competitive interest rate, so families won't pay higher rates in a troubled economy.

Although other consumer credit is drying up, students and parents can still get federal student loans through Sallie Mae. The company is ready to make federal student loans to every student who needs one at every school across the country.

Holler encourages students to educate themselves on how to get college money. She offers the following tips to students and parents looking to pay for higher education:

- Find free money. Apply for financial aid to access free money. Tap grants and scholarships by filing the Free Application For Federal Student Aid, also called the FAFSA.

- Fully explore federal student loans. Federal loans are the largest source of student loans and offer more favorable terms than private loans, so get as many federal loans as possible before resorting to private loans.

- If scholarships, grants and federal loans do not fully cover the cost, fill any gaps with private loans.

Holler stresses that it's important to consider the full cost of college and develop a comprehensive plan to pay for tuition as well as other college-related expenses. College is within students' financial reach, and proper planning can ensure they do not pay more for college than needed. Visit www.SallieMae.com/Plan and start your plan today.

More Resources

Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting

More College/
University Information:

Related Articles

What to Look For When Choosing an Online University
A college degree gives a person a guarantee of higher wages and a better job. Sadly, many Americans continue to go on without having a college degree.
Balancing College Life and Academics
1. Control Your Schedule; Don't Let Your Schedule Control YouOrganization and time management skills are two of the most valuable skills you will ever have.
Student Financial Guide is Your Guide to College Success
The Student Financial Guide website is divided into categories pertaining to pre college resources, during college experiences, post college challenges, investing, news, and even a forum where you can chat with other members looking for advice or just wanting to chat.Preparing for college is very important and that's why the Student Financial Guide covers topics on budgeting and planning for your college years.
Submitting The College Application
At this point, except for the waiting, the worst is basically over! However, the way you submit the student's stuff is just about as important as the stuff that's being submitted!The correct order is: (1) The application is first (2) followed by the essays, which should be attached to the application unless there are specific instructions to the contrary; (3) Next is the resume, which should be stapled together, but not to the application or the essays; (4) The special essay(s) follow and should be paper clipped to the resume as opposed to being stapled to it. Attach a large paper clip to all of the above to ensure everything stays in the proper order, and then send the entire package overnight or 2nd day with a signature guarantee.
Accredited Life Experience Degrees - Accelerate Your Progress Online
Chances are you are pursuing an online degree to reap benefits in the workplace. For this reason, you may be interested in accelerating your progress to get your degree faster.
Limperts Academy of Design Opens Interior Design Education / US and Canada
You may be bursting at the seams with natural talent, but if you want to become an Interior Designer in the US or Canada, you need to be licensed by the NCIDQ (National Council for Interior Design Qualifications). In the past, many individuals may have had the talent but not the financial resources to follow their dream of becoming a designer, but now a window of opportunity has been opened wide by a European organisation called Limperts Academy of Design.
Reducing the Administrative Burden for Further Education Colleges
The introduction of the Government's Education Maintenance Allowance (EMA) in September 2004 meant that more young people from poorer backgrounds could afford to stay on in further education instead of being forced to find work.But the scheme brought with it an extra administrative burden for further education (FE) colleges.
Study More Effectively
If you are studying for an exam or if you need to learn some material for a presentation, you may be wondering how early you should start to study, and how often you should review the material in order to remember it.Is it best to study large chunks of the information at a time, or should you try to master small bits of it? Should you review the material again the next day? Or is it best to let a few days go by?Learning experts have proposed several different schedules for reviewing study materials, but the following is one that works well for most people.
Internetworking and Security Multiple Choice Test
Personally, I dislike Multiple Choice Tests. Because they do not test the student's ability to develop and organise ideas and present these in a coherent argument.
Commercialisation of Higher Education in South Africa
Introduction and Literature ReviewSouth African education policies place priority on addressing historical education imbalances, but should also be sensitive to the demands of an ever-increasing global knowledge-driven environment. The educational system cannot be dominated by the needs of the domestic educational system of South Africa ignoring the trends exerted by the global world (OEDC Annual Report, 2004:44).
Looking For a Rewards Program That Offers Free Money for College Students?
With the rising cost of books, tuition and housing, it's no wonder that college students are looking for ways to cash in on anything that can lighten their financial load. It isn't easy trying to balance an exciting social life, education and your finances at any age - not to mention in your teens and twenties.
Hidden College Costs: Roommate Conflict
Parents, if you're already reeling from the costs of today's college education, take a deep breath. According to one expert, if your kids lack conflict resolution skills, it could end up costing you even more.
Student Removals - How to Get the Lowest Quote
The problem with student and any small move comes when a small load has to be transported a long way:- For the moving company, the mileage and road time costs are not much less than for moving a whole house..
Higher Education as Service Trade Exporter In South Africa
IntroductionWhilst it is recognized that South Africa is still in a process of transition regarding higher education to address the imbalances of the past, it should also be emphasized that Institutions of Higher Education in large are still underplaying the importance of higher education as commercialized commodity in the global world. This resulted in a low commercial higher education presence in the global world, a limited capability to attract quality students from foreign countries and a national oriented education approach.
I Hate My Roommate!
So its the beginning of the school year, your first day of class is over, and you just want to sit down and relax for a moment because you know that the rest of the semester won't be as easy as Day 1. You're alone in the room.
How to Choose the Right School For You
Now that the admission committees have handed you their decisions, it is time for you to choose which college to attend. For some, this choice is easy.
How to Save Money While at College
Still struggling to pay off the college loan? Have you disconnected your cell phone just to avoid those darn creditors? Need a quick get rich scheme? Well?maybe not that but in this article you will find some practical ways on saving money while attending your post secondary institution.BooksCollege book prices have been rising along with the cost of tuition, and it is no wonder why so many students have resorted to photocopying their texts.
Who Can Apply For Online Nursing Degrees?
Online nursing degrees are college degrees in the field of healthcare and nursing that are obtained via the Internet. Online nursing degrees are great ways for registered nurses to further their careers without having to take a leave of absence from their jobs.
Government Research Procurement Fails to Bring Efficient Bidders
Many have complained of the Government's procurement process for research proposals. It is totally flawed.
How to Survive with As
Attend ClassGo to class, every class, every time. It is very common and very easy not to attend class.