How do people pay for college? It's so expensive and I'm starting to get accepted and I'm not sure what to do. We don't have that much money but thousands of people go every year. Any advice?
missbananafontana answered Friday December 7 2007, 8:00 pm: -Student Federal Loan- Easiest loan to get. They're non-credit based so it lets someone with no or bad credit get approved. Payment doesn't start until 9 months after graduation.
-PLUS Federal Loans- Parents may also apply for a student loan on their child's behalf. PLUS loans are a little different from standard student loans. With this type of financial aid, parents are responsible for the loan payments. In addition, an acceptable credit history is a requirement.
-Join the Military- Upon graduation, enlist in the Army for three years, or enlist as an active reserve for six years and take advantage of the Army's loan repayment program. This program will payoff your Federal student loans up to $65,000.
-Tuition Reimbursement- Some employers offer incentives such as tuition reimbursement to qualifying employees, and partial reimbursement to their spouses and children. Of course, some employers outline specific guidelines. For example, upon graduation, the employee is usually required to stay at the company for a set period.
dATSEXiiMAMii4U answered Friday December 7 2007, 7:59 pm: Unless they have the money saved up, many people get loans from the bank and pay it off slowly.
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