Receiving Grants And Loans
Graduating from high school can be very scary for some kids who do not have a plan of what to do after they graduate
. It is usually pretty hard for people whose parent did not attend college to make plans to go to school themselves.
They are under the impression that they do not have enough money, are not smart enough, are not interested in getting a degree because they already have a job they like, or they think that they will be okay because their parents did fine without going to school.
Some kids do not plan on going to college because they hated school all the way from the first grade up until they were a senior in high school. They received bad grades, hated to study, and never did their homework.
People with these kinds of attitudes will not do very well in college because they are not motivated enough to make it worth it. College is a lot harder than any school you have done previously and takes a lot more time and effort to do well in.
But what some of these kids do not realize is that there are other options out there for them. There are a variety of trade schools that they can attend and develop skills which will be useful to them in any future career they will have.
Trade schools include programs like beauty school, driving school, computer repair, nursing and other programs. You can still get a good education and do well in any career you choose to pursue.
Depending on which technology college you want to go to, they may offer even more programs like culinary school and car repairs. It just depends on which one you decide to attend.
When you apply to any higher institute of learning, then you are eligible to apply for student financial aid. Financial aid is either a loan or a grant given to you by either the government or college to help you pay for any school expenses.
Educational expenses that you may have to pay will include tuition, fees, room, board, books, supplies, and any other school things that you will need to pay for. Besides grants and student loans, there are also scholarships that you can qualify for which will help pay for the exact same things.
You can receive this financial aid at colleges, public universities, or private schools. A loan is something that you can borrow money for while you are in school, but have to pay it back as soon as you graduate.
You can take out a subsidized loan which does not accrue interest until after you drop the full time student status or graduate from your college. While an unsubsidized loan that you take out will continue to gain interest on the borrowed money as soon as you get it.
Most people will qualify for loans to take out at this point because you are young enough that you have not destroyed your credit score and can still qualify. If you have a chance to take out a subsidized loan or a unsubsidized loan, always take the unsubsidized loan because that will be a lot less money you have to pay on the interest.
Usually people stay at the university for four years of more until they are able to graduate, so a lot of interest on the borrowed money can collect in that time period. If you qualify for a grant, that is even better.
A grant is money given to you that you will not have to pay back to anyone. The same thing applies to any scholarship that is awarded to you.
Look into local businesses that give out scholarships or grants and see it you can qualify for any of them so that you do not have to take out any student loans to pay for your schooling. You will be grateful for whatever money that you can save during this time so that you are not in any kind of debt right after you graduate college.
by: Terry Daniels
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