Had To Start from Scratch but Here I go

Monday, February 17, 2020

College Can Be a Little Less of a Money Pit

I know that there are so many people currently struggling with college debt and student loans because of trying to get ahead. I was blessed with a grant but not a lot of people get that option. There are also other ways to get help with some of the burdens, like the Nancy Etz Scholarship made to support and encourage students pursuing higher education, Nancy Etz awards this annual scholarship to those currently enrolled as full-time undergraduate or graduate students in the U.S.

The Nancy Etz Academic Scholarship was created to recognize an outstanding student and provide them the resources needed to advance in their disciplines and eventually pursue their dream careers.
Winner Selection
The Nancy Etz Scholarship Committee will review all submissions once the deadline passes. By the end of February 2021, a winner will be selected and contacted to receive the scholarship award. 
Of course that is a great opportunity but remember to also try to find grants or even some kind of financial aid to offset the costs, before you take out a loan because even though I have never done so in life, I know that they can bury you in interest and other worries.  What are some other ways that you can think of to save some money or avoid the college debt cycle?  

Maybe you can save as much money as possible before enrolling in school which i know can feel like forever but may in the long run be a viable option.  I found this amazing article Thanks to Edvisors that is filled with great information, here is a few bits taken exactly from that site.  Enroll at a less expensive college. Compare colleges based on the net price, the difference between the total cost of attendance and just the grants and scholarships. This is the amount of money the student and his/her family will have to pay from savings, income and loans. The higher the net price, the greater the debt. 

Enroll at an in-state public college. Students who receive a Bachelor’s degree from an in-state public college graduate with about 20 percent less debt than students who graduate from a private non-profit college. The rate of return on a college investment is also highest at in-state public colleges, due to the lower cost. Most public colleges offer a high quality education at bargain prices. Enroll at a college with a "no loans" financial aid policy. There are about six dozen elite colleges with generous financial aid packages that replace loans with grants.

 While students can still borrow for the family’s share of college costs, the average student loan debt at graduation is much lower at these colleges.  Use a tuition installment plan instead of long-term loan debt. Tuition installment plans split the college bills into 9-12 equal monthly installments for a nominal up-front fee and no interest.

Students should budget before they borrow. This will help them borrow just what they need and not treat loan limits as targets. Increasing awareness of debt will help students exercise restraint and cut spending. 


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