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The 10 Best Ways to Save Money in College

Isabel Grenci

In College Planning & Financial Aid Managing MoneyIsabel Grenci

College can be an enjoyable time for many students, and it can also be accompanied by financial stress. So, keeping track of your finances should be a priority early on. Don’t worry; it is entirely possible to have a great college experience without breaking the bank. You might even be able to build up some savings to help you repay your student loans after college. It’s all about having a plan and sticking to it. Here’s what you can do to help ease the financial burden associated with higher education. 1. Rent your Textbooks, Don’t Buy Textbook rental is becoming …

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How Do I Get My Student Loan Refund Check?

LendKey

In College Planning & Financial AidLendKey

A student’s journey through college comes with a lot of expenses. That’s why students can access refund checks to pay for some expenses. As a result, having a loan refund check becomes very important for many students as the semester begins. Here are some important factors you should know about regarding a student loan refund check.   What is a refund check from a college? A refund from a college is the result of having more total funding on your account than the actual balance due. Funding on your account comes from a combination of sources including, financial aid, scholarships, student …

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8 Unusual Sources for College Scholarships

Isabel Grenci

In College Planning & Financial AidIsabel Grenci

It’s no secret that scholarships and grants can help reduce the need to take out loans to pay for college expenses. What remains a mystery is where to quickly find this “free money” when you’re already in school and preoccupied with attending classes, studying, extra-curriculars — and sleep. Since you can’t spend all your time searching for ways to pay your tuition, use this list to discover sources of aid that won’t appear in a typical online scholarship search.   State Education Agencies Your state’s higher education agency could be a wellspring of untapped scholarship and grant opportunities. This free …

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7 Secrets of Graduating with Less Student Loan Debt

LendKey

In College Planning & Financial Aid Getting a Student LoanLendKey

If you’ve accepted your college’s financial student aid package (grants and work-study only) and submitted dozens of scholarship applications to avoid taking out student loans, you may still be shocked when your tuition bill arrives with a balance due. Sadly, you might even feel like it’s your destiny to join the 44.7 million Americans who are struggling to repay student loan debt. While it’s true that the average student loan borrower has accrued more than $37,000 in student loans, there are funding alternatives available for almost every student. Spoiler alert: the solution isn’t simply to borrow less. The money to …

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Tips For an Incoming Freshman From a Soon-To-Be College Senior

Broc Sleek

In College Planning & Financial Aid TestimonialBroc Sleek

College can be the best few years of your young adult life – I know they were for me. My name is Hattie Martin and I am a current junior at the University of Cincinnati. Let’s just say, I have been in your shoes before. This time can be exciting, scary, and every range of emotion in between. The transition from high school to college can be challenging to some. Explore these tips I have learned to be valid for a smooth transition and introduction to the campus. 1. Prioritize Grades Over Extra-Curriculars  For most, the purpose of attending college …

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So You Took A Gap Year After High School…Now What?

Broc Sleek

In College Planning & Financial AidBroc Sleek

Up to 40% of students in 2020 are seriously considering a “gap year”, an extra year off between high school and college. There are many reasons one may choose this route, such as time to earn money for college, acquire new skills, or narrow down one’s career options. Once you’ve come close to wrapping up your time off, you may wonder—now what? Uncover your next best steps after your gap year with these helpful tips and tricks. Step One: Check In On Your Finances For many, the gap year presents a chance to shore up one’s finances and help fund …

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What is the Maximum Amount of Loans I Can Take On?

Broc Sleek

In College Planning & Financial Aid Managing MoneyBroc Sleek

How can I pay for school? The maximum amount of loans to qualify for depends on your unique financial situation. As you start to apply for student loans, keep in mind that you should only borrow the money you actually need. Don’t get into debt over your head. Are you wondering about the maximum amount you could borrow? Curious about how you can use student loans? Before you start planning, take a look at this overview. Federal Student Loan Limit Federal student loans are loans made to college students by the government, and they can be subsidized or unsubsidized. What …

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How Do I Fund Graduate School?

Broc Sleek

In College Planning & Financial Aid General Getting a Student Loan Managing MoneyBroc Sleek

After graduating from college, continuing education through a graduate school is an excellent option for many. Perhaps you want to become more competitive in the job market, desire to explore a new field, or even move to a higher pay grade. Regardless of why you want to go to graduate school, the how can be decidedly more complicated. Is Graduate School Right for Me? There is no “one size fits all” answer to this question. While four-year degrees are satisfactory for many majors and careers, other fields may highly encourage or require grad school to achieve career goals, particularly in specific areas such as …

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Creative Ways to Pay Off Your Student Loans 

Broc Sleek

In College Planning & Financial AidBroc Sleek

Are you feeling overwhelmed by student loan debt? You’re not alone. Fortunately, there are plenty of inventive ways to start freeing up extra cash that you can use to pay down those student loans. 1. Try Your Hand at Freelancing Everybody has a unique talent. What’s yours? Whether you’re a gifted artist or have more practical experience (such as mowing lawns or cleaning houses), there’s probably a demand for your unique skills.  Freelancing is an excellent opportunity to brainstorm and get creative. If there’s something you’re good at and that you enjoy doing, all that’s left to do is find …

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Top 10 Podcasts to Improve Your Financial Literacy

Broc Sleek

In College Planning & Financial AidBroc Sleek

You’ve probably heard that money can’t buy happiness, but contrary to this popular belief, research shows that some may need specific amounts of money to feel happy and secure. In addition to earning enough, you also need to save for your future. A financial podcast is a great way o ensure you’re moving in the right direction and boosting your financial literacy.  Financial literacy allows you to consume financial advice while multi-tasking during everyday tasks. One can turn on a podcast while driving to work, exercising, or even cooking dinner. Discussing financial topics may not always sound glamourous, but the information comes …

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The Emotions of Student Loan Debt

Broc Sleek

In College Planning & Financial AidBroc Sleek

Having student loan debt can be an emotional rollercoaster—and we’ve all been there. Right now, in the U.S., an estimated 45 million borrowers owe an estimated $1.6 trillion in student loan debt. This amount translates to an average of almost $33,000 per borrower. Let’s explore the kaleidoscope of emotions associated with student loan debt.  Fear, Anxiety, and Denial As a student loan borrower, it is natural to have a little fear after realizing the financial responsibility you have taken on. When it comes to student loans, many possibilities may trigger this emotion. You may feel overwhelmed, as though you’re always worried …

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Independent vs. Dependent: How it Affects Your Student Loans

Broc Sleek

In College Planning & Financial Aid Managing MoneyBroc Sleek

When filling out the Free Application for Federal Student Aid (FAFSA) for the first time, you may have several pressing questions. One of them is: are you an independent or dependent student? There’s no one-size-fits-all answer to this question, and your response can significantly impact how much federal financial aid you’ll be eligible to receive. Learn more about what goes into these classifications, how they can affect your assistance, and changing your status if it doesn’t accurately reflect your situation. What Difference Does Independent vs. Dependent Make?  The FAFSA uses a student’s dependency status to calculate how much aid the …