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|An overview of loans, grants and other options that can allow you get financial aid for an online degree
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Paying For Your Degree
If you think you will need financial help to pay for your degree, you’re not alone. According to the most recent National Postsecondary Student Aid Study (NPSAS), about 66% of all undergraduates in the US are receiving some type of student financial aid in the form of loans, scholarships or other help for college (about 79% of students are also working while enrolled in college).
See a list of good, low-cost online bachelor and associate degree programs.
Loans and The Distance Learner
Every student’s financial situation is different – which is why there is no “one size fits all” solution to getting financial help to pay for college. The first step, obviously, is picking a school and a degree program that makes sense as an investment for you. That doesn’t necessarily mean choosing the lowest priced school, but it does mean giving some thought to which degree from which college will position you best on your particular career path.
Start With A Quality School
Some government agencies and private lenders are actually prohibited from giving grants to a college student if his or her school is not accredited by a national recognized accreditation agency (though some degree programs do get accreditation from less-traditional, more specialized accreditation groups). Beyond getting financing, your choice of an accredited school will also get you a lot more respect from employers when you graduate.
Up the Financing Ladder
An option that can work particularly well for online learners, who are out in the world and working already, is to get an employer to pay for your degree. It’s become tougher to get employer education grants in the current economy, but they have definitely not vanished completely. Finally, if these options either don’t pan out or simply don’t produce enough aid to cover your full tuition costs, there are still ways you to use private education loans to cover your costs. Borrowing from private groups can be expensive, so it needs to be done carefully.
An Online Advantage
Once you have honed in on one school or on several schools you like, your best move is to contact each school’s financial aid office have them draw up a grant or scholarship program that can help you get your online degree. Depending on what the school’s enrollment goals, you may be surprised to find that one college will offer you a great deal more in financial help than another. The people in the school financial aid office will also usually be willing to give you lots of help when you start to apply for scholarships to pay for your degree.
Getting Financial Aid For Your Online Degree
MORE ON PAYING FOR YOUR DEGREE:
Paying For Your Degree
Exactly How Much Financial Aid Do You Need For College?
Finding A Scholarship
Get An Employer To Pay For School
Government Loans For Online Degrees
Smart Grants, Perkins Loans And Tax Breaks For College Costs
Private Loans For College Costs
College Scholarships, Loans & Tax Breaks For Students Grow Under Stimulus Plan
Smart Tips About Paying For College
Cost Of Online College Courses
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Online Technology Management Courses Top Benefits Of Online Computer Training Top Specialties In Technology Training
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