Community colleges offering two-year programs can be a wonderful option for students looking to gain a higher education in less time. It can also be a great option for those looking to save a little cash while bettering their current skills, prepping for a four-year university, or going for an associateâs degree. Moreover, it can […]
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If you need financial aid to help pay for college, youâll fill out the Free Application for Federal Student Aid (FAFSA®), which allows you to apply for federal unsubsidized student loans, subsidized student loans, work-study, and grants. When your FAFSA has been processed, youâll receive an aid offer that explains the types and amount of […]
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With the high cost of a college education, affording college with no money set aside might feel impossible. However, there are many forms of financial aid â whether from federal, state, school, or private organizations â that can help you pay for your college degree. Learning how to pay for college with no money might […]
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Many students end up borrowing money to pay for their college education, and many rely on student loansâfederal, private, or both. During the 2019-20 academic year, 34% of students turned to student loans to help cover the costs they couldnât, according to the âHow America Pays for College 2020â survey published by the lender Sallie […]
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Direct Stafford Loans (or simply Stafford Loans or Direct Loans) are the most common federal student loans available for students seeking financial aid for college. While there are Stafford Loan limits, most students who fill out the Free Application for Student Aid (FAFSA®) can receive some amount of financial aid, whether those Stafford Loans are […]
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With college tuition on the rise, students may take out student loans as they pursue their education. Student loans come with interest and sometimes other loan fees. As you repay student loans, that interest can add up. While there are options like scholarships, grants, and work-study, sometimes student loans can be necessary to help students […]
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No-interest loans or interest-free loans, also known as scholarship loans, are offered by nonprofit organizations, state governments, private companies, religious organizations, and even some sororities or fraternities. Unlike grants and scholarships, an interest-free loan is still a loan at the end of the day, and will need to be paid back over time, even if […]
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With the average annual cost of college for the 2021-2022 school year $10,740 for public four-year in-state and $38,070 for private non-profit four-year schools, itâs not uncommon for students to use loans to help pay for their education. The two major umbrellas to consider are federal student loans and private student loans. Federal student loans […]
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Dear Penny, I am a single parent. I am 67 years old and ready to retire. However, I am anxious about decisions I need to make. My daughter is in her last year of college. I donât have any more money to pay for it. So for her last year, should I take from retirement [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.