Education is the single most effective tool in raising the standard of living of an entire family. If mom or dad receives an education, they will usually move into a better job with better wages and benefits. President Obama knows this, and this is why he has stressed education since he came into office. He has increased funds available, and you just need to know how to find student loans and grants to return to school.
As you begin to contemplate completing your college degree, your initial reaction may be ticket shock. Tuition and expenses have increased, and they appear to be increasing even more for the upcoming school year. The economy has made a downturn, and if you are like most people, you hardly have enough money each month to pay your household expenses. You might wonder how you would ever afford college.
If you know how to find student loans and grants, you can be on the way to the career and lifestyle of your dreams. Federal aid in the form of the Pell Grant has been made even more widely available to students. The income qualifications have been relaxed, the maximum amount awarded has been increased, and the amount that the average student receives has been increased. This Pell Grant is the most widely used financial aid, and it is very likely that you can receive enough to afford your education, especially at the community college level.
How do you apply for a Pell Grant? You will need to fill out your Free Application for Federal Student Aid (FAFSA) to get the process started. This is also the basic form you must complete for all other financial aid for which you may be applying. This includes private or public financial aid.
This puts your application in automatically for state student aid, also. You should realize that often the state has deadlines that are quite early for their applications. If you are seeking private grants, you will probably need to fill out more paperwork as part of the application process. Many of these private grants require essays about your worthiness to receive assistance.
If you are unable to secure enough grants to cover the cost of your education, there are different types of student loans available. There are some that are guaranteed by the government, some that are not. Some require that you begin paying payments while you are in school, and some allow you a six or nine month grace period after graduation before you begin payments. The one thing that all student loans have in common is that they are loans, and you must pay them back. There are some Perkins Loans that can be discharged later in exchange for service in certain fields and low-income areas.
Your financial aid office will help arrange the student loans and grants you need to return to college, providing any additional applications necessary. Your future is waiting.