Posts Tagged ‘pay for college’

Parent Loans for College

There are so many ways to pay for college it can sometimes be overwhelming. In some cases, though parents are in a bit of a pickle. Sometimes they make too much money for their children to qualify for federal aid and yet they don’t have the liquid funds available to pay for college for their kids. Accordingly, some private lending institutions have stepped in to help parents out with Parent Loans. We have ran into one company pretty frequently as it relates to this and their name is Graduate Leverage.

They have a federal education loan available to parents called the Parent PLUS loan.  This is an interesting type of loan that is funded by Graduate Leverage but guaranteed by the Federal Government and managed by the college that the loan is being used at.  Here are some quick bullet point from the Graduate Leverage site:

    1. This loan is not based on financial need, but credit standards do apply.  You should have pretty decent credit in order to try for this type of loan.
    2. You can get a quarter of a point off of the interest rate if you setup automatic payments directly from your bank account.
    3. The amount of the loan you can get is only limited by the cost of the college less any other financial aid you are getting (making it possible for 100% of your college costs to be covered).
    4. You can defer payments until the student graduates or leaves college for some other reason

      We are not affiliated with Graduate Leverage at all and we are sure that there are several other loan options available to parents out there, but we wanted to make sure you have the ability to pay for your child’s education if that is the route you want to go (or need to go).

      We must note that this is available for ALL accredited college degree programs and types.  This is not specific to people that are choosing to go into a criminal justice career.

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      Outstanding College Scholarships

      Everyone looking to attend an online college could surely use a scholarship to fund their education. Unfortunately, it’s not always easy to find good scholarships to apply for. We have searched the Internet and found ten really great scholarship opportunities to tell you about. If you know anyone thinking about going to college, we highly recommend that you share this information with them:

      1. 2Futuro This is a great scholarship opportunity where $1,000 is awarded every month. You need to register online to be included in the candidate pool. You can fill out an application here.
      2. USA Funds This is a $1,500 scholarship that is awarded to students that have clearly demonstrated their economic need. It’s a nonprofit organization which is trying hard to make education accessible to everyone. You can fill out an application here.
      3. American Dream Scholarship This is a $500 to $5,000 scholarship that is a joint effort with the United Negro College Fund and Sallie Mae, this program is open to African Americans with financial need. You can find out more about this scholarship here.
      4. Community College Transfer This is a joint effort between Sallie Mae and the Hispanic College Fund. This scholarship is awarded to Latino students that demonstrate financial need. You can fill out an application here.
      5. Unmet Need Program This is a $1,000 to $3,800 scholarship that is awarded to any U.S. citizen that demonstrates financial need. You can find out more about this scholarship here.
      6. 911 Education Fund This is a $2,500 scholarship that is awarded to family members of victims of the 9/11 bombings of the World Trade Center, Pentagon, and related crashes. You can find out more about this program here.
      7. Brandon Teachers This scholarship was established in 1999 to offer future teachers and others pursuing careers in the file of education some assistance to allow them to afford college. This is only available in certain areas of the country you can get more details here.
      8. Writers of Passage This is a $5,000 scholarship that is characterized as an essay competition. As you can imagine, it takes a great entry to win this large scholarship but it’s well worth the effort. You can get entry guidelines here.
      9. First in Family This is a $500 to $5,000 scholarship that is another joint effort between Sallie Mae and the Hispanic College Fund. Again, this is directed at Latino students who are the first in their family to go to college. You can see if you qualify here.
      10. AXA Achievement This is a $10,000 scholarship opportunity with only one winner per State. Again, this is for outstanding achievements (community service or other). You can get more information here.

      Hopefully, this provides you with a sampling of some of the scholarship opportunities that are out there. You can also find many more on our financing page. Good luck and we hope you find lots of ways to pay for college here.

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