The high cost of higher education just keeps getting higher. With this down economy, it is becoming increasingly harder for students to cover the costs in the traditional ways like working and scholarships.
This need for school funding is causing a lot of heartache for students who can’t go to school without the proper funding. For students in Alabama, there are some great student loan options that might not be available in other places.
A large percentage of college students these days are having to supplement their income with student loans in order to meet the rising costs of education in an economy where the rise in wages, especially for those without a college degree, are non-existent.
This influx for the need of student loans has been a big burden for many students, and has sadly even ended the educational journey for some students.
For Alaska college students, there are some unique opportunities for school funding that can help Alaska college students avoid having to prematurely end their educational goals.
Stafford loans and Perkins loans are two of the most popular student loan options out there because they are easy to qualify for, do not require a credit check, are no co-signer student loans, and can be taken out every year.
However, there are some special students who require a LOT more money to graduate than other classmates of theirs. That is medical students.
Medical school costs far and away more than other traditional programs, which makes sense as it takes much longer to graduate from a field like that, and those educational programs use a lot more resources.
A study was done in the academic year of 1999-2000. This study was following the rate of students applying for college who filled out the FAFSA, or the Free Application for Federal Student Aid. The surprising results of the research done showed that more than half of the students attending college passed up the chance to fill out the FAFSA, and therefore, to take advantage of funding that could have aided them in their educational pursuits.
Another surprising statistic discovered in this study showed that a large amount of students who did fill out their FAFSA did so after the required date which disqualified them from many of the opportunities that are given by the FAFSA.
Federal Perkins loans have become a kind of financial staple for many students who have found themselves in need of funding for their higher educational goals.
Federal Perkins student loans were created by the government to help students finish out their educational undergraduate work because they know that an educated citizen is a valuable citizen.
For how common Perkins loans are, it is surprising that there is a lot of information that is often not known about them, even by students who have used them.
Available federal Stafford student loans are out there and waiting to bless students lives, but sometimes they can be tricky to qualify for.
Now, we are not at all trying to cheat the system or get you federally funded money that you are not eligible for. We are, however, trying to help you take advantage of the available personal federal Stafford student loans that have been designed to help students like you get the money they need for school.