Private Student Loans Refinance

Since most private education loans do not compete on price, a private consolidation loans is merely replacing one or more private education loans with another. .

Student Loans For All Incomes

Private student loans are fairly easy to obtain; however, they are different than the Stafford or Perkins loans that you might already have taken out.

How To Get A Student Loan Refinance

Make sure you got to reputable bank other financial institution to get your student loan refinance, although there are reputable lenders online.

Community Colleges Now Offering

These online college degrees, however, can often be pricey, requiring many students to take out a significant amount of money in student loans and private student loans.

Scholarship Application Strategies

Beyond deciding which scholarships to apply to, you should play to your strengths in constructing your scholarship application.

Friday, July 31, 2009

Community Colleges Now Offering Four-Year Degrees

In this still-uncertain economy that remains rife with unemployment, hundreds of thousands of out-of-work blue- and white-collar professionals, competing for scarce available jobs, find themselves faced with the need to further their training, expand their skill sets, or in some cases change career paths altogether. Many are going back to school, some to obtain their first college degree, others to get an additional or more advanced degree that could give their résumé a much-needed competitive edge in a crowded marketplace.

In recent years, many “non-traditional” students who aren’t able to attend classes on the conventional resident college student’s full-time schedule — working parents, returning older students, students holding down a part-time or full-time job — have gravitated toward online degree programs that allow students to work toward their college degrees from home (or anywhere with a computer and an Internet connection) and at their own hours. As accredited online colleges and programs have proliferated, so have the number of students pursuing online college degrees.

These online college degrees, however, can often be pricey, requiring many students to take out a significant amount of money in student loans and private student loans. And some online universities have continued to offer only associate degrees and certificate programs, no bachelor’s or advanced degrees. As competition for jobs has intensified in a shrinking economy, many job-seeking professionals have found that their two-year college degree is going up against four-year and professional college degrees.

Community colleges have traditionally offered lower-income and non-traditional students a lower-priced, commuter-friendly, and part-time alternative to pricier online college degrees and full-time four-year colleges and universities. But the two-year community college degree has posed the same drawbacks as two-year online college degrees: When going up against four-year degrees in a job search, two-year degrees simply aren’t as competitive.

Four-Year Community Colleges Offer a Cost-Convenience Solution

Now, however, students are finding a growing number of four-year degree options at community colleges. As more community colleges respond to increased student demand for affordable higher education, expanding their programs to include four-year bachelor’s degrees and applied baccalaureate degrees, new and returning students are increasingly able to obtain the academic pedigree of a four-year degree with much of the flexibility offered by online college degree programs but at the lower cost of a community college education.

Bachelor’s Degree Programs at Community Colleges Expanding

Florida currently leads the nation with 14 community colleges authorized to award bachelor’s degrees, reports The New York Times, with 12 schools already having done so, in fields including fire safety management and veterinary technology (“Community Colleges Challenge Hierarchy With 4-Year Degrees,” May 2, 2009). Nationwide, 17 states, including Nevada, Texas, and Washington, have granted community colleges the authority to award associate and bachelor’s degrees.

In some states, community colleges have even become four-year institutions in order to facilitate their new longer programs. At Miami Dade College in Florida — formerly known as Miami Dade Community College — more than 1,000 students are currently enrolled in the school’s bachelor degree programs. The average age of these students is 33.

LaKisha Coleman, a Miami Dade student who will graduate with a college degree in public safety management this spring, recommends the school to family members for its advantages over a traditional four-year degree program at a state or private university.

“It’s much cheaper, the teachers are good, you can do it in the evening while you work, and everyone’s very helpful,” Coleman told The New York Times.

Applied Baccalaureate Degrees Another Burgeoning Community College Offering

In the current economy, at a time when students have fewer financial resources to cover their college costs and job prospects are uncertain, the applied baccalaureate degree is becoming a popular option for students, says Debra Bragg, the director of the Forum on the Future of Public Education at the University of Illinois at Urbana-Champaign.

Usually focusing on applied academics or applied sciences and technologies, an applied baccalaureate degree is a four-year bachelor’s degree that may be earned at both two- and four-year institutions, including technical colleges and community colleges. Unlike bachelor’s degrees at some conventional four-year universities, however, the applied baccalaureate degree counts technical and associate degree–level courses as degree credits, allowing community college students to keep their course costs low and minimize their need for student loans or other financial aid.

“Applied baccalaureate degree programs at community colleges can be used by students looking for a career that is emerging, or for adults who have earned college credits in the past and are looking to re-enter college, often to advance their careers to a supervisory level,” Bragg explains.

Since 2000, the number of states offering an applied baccalaureate degree has doubled, reports the University of Illinois. Currently, 39 states offer the degree.

by Jeff Mictabor

Sunday, July 19, 2009

Things You Should Know About Student Loan Debt Consolidation

The average American by the time he graduates or becomes a professional, and in the worst case scenario even if he doesn't graduate, accumulates a certain level of student loan debt. Whether they are federal loans or private student loans, the higher the educational achievement is the higher the level of student loan debt usually becomes.

That is the price students have to pay to make their dreams come true - to become a doctor, a nurse, a lawyer, or a Wall Street hotshot, student loan debt consolidation have been a major resource for so many years students spend in school. Usually, students have to pay off these multiple student loans the minute they finish school. Some however, have opted to pay for accrual of interest even when in school, and some have opted to defer payments until they get out of school.

No matter what the choice is, by the time an average American student finishes school, he is saddled with student loan debt. Not paying these student loans is not an option - defaulting on a federal student loan will get the government on your case with your salary and will not do any good to your credit report. As a rising hotshot, the last thing you need is to start off with a bad credit. If you are having difficulties making payments on your student loans, it might be the time to consider a student loan debt consolidation.

Before making that decision, there are several things you need to consider. When you consolidate, you actually have to consider some advantages and disadvantages. A student loan debt consolidation can significantly reduce your monthly payments because the debt is stretched out over longer payment terms. It would seem like you are making some savings from your monthly budget because of the additional money cut out from the required monthly payment.

Consolidation would also prevent you from defaulting on your student loans and ruining your credit. With monthly payments, it becomes easier for you to manage your credit and you get to save your credit report. But there is also the bad side to consolidating student loans, and knowing all these facts would help you make the wiser choice.

When you consolidate your student loan debts, always remember that many lenders actually offer a deferment plan to their borrowers in times of financial hardship. Federal student loans offer forbearance during financial difficulties. But if it is still not enough to get you back on your feet, then forbearance or deferment of payment may not help. Another thing to consider is the fact that once you apply for consolidation, you will get stuck with the interest rate you sign up with and you lose out on any borrower benefits provided by your lender.

Before opting for a student loan debt consolidation, carefully consider your options. Seeking financial advice from experienced credit counselors can be very helpful. Being honest to yourself would make the choice easier. Lastly, always opt for a plan that suits your financial situation.

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