12 questions to ask before you Borrow
Questions to consider are the following:
1.What should I be doing now to get ready for meeting the cost of my education?
2.Are there eligibility requirements that I must meet in order for me to obtain support for my degree? If so, what are they?
3.What specific financing alternatives or programs are available to me at the school where I plan to apply?
4.How to apply for financial support and what applications are needed?
5.Is there a right time to apply for financial aid? When should it be and what are the application deadlines?
6.Will my parents be expected to provide any of their financial information or contribute to the cost of my education?
7.What they will do with the information I and my parents provide?
8.What necessary and unnecessary points should I know about the assistance I am offered like student loans, grants, or work study?
9.Is there any move that I can take to lessen the amount I have to borrow, yet still attend the school of my choice?
10.What do I need to consider or do once I arrive on campus to minimize how much I borrow?
11.What choices will I get for working while attaining my degree?
12.What possible impacts will the loans I borrow have on me after I graduated from college?
I hope this helps and wish you all the success
hi success4resource! you have really done a great job by posting
hi success4resource! you have really done a great job by posting the questions here. there are many students who need financing for their education but as they do not know the nuances, they are often taken in by scams and after sometime their focus shifts from studying to taking up jobs to pay up for debts they have unwittingly taken. i am sure your guidelines will be of immense help to the newbies. good work! :D
12 questions to ask before you Borrow
Hey laurel,
Thank you for the wonderful encouragement.
I was one of the students who learned the hard way. Thank god the debt had been cleared
Have a great week ahead
Other importants tips to ponder... 1.Can I afford to go that
Other importants tips to ponder...
1.Can I afford to go that pricey private liberal arts college? Or would the better choice be the local state University, at least for the first two years? Or even the local community college to get those boring general education courses out of the way. Think of the cost savings for all those basic freshman cources.
Do you really need to live in the dorms to get the "college experience"? Or would living at home be a better choice. When I worked in financial aid, I ask countless numbers of local students moving into the dorms....at the same time they and their parents were borrowing thru the nose to pay for this. Students can get involved without living on campus....there are clubs and organizations you can join to get involved. Most sororities and fraternities at big schools admit commuter students. You can still experience college life on a bus pass.
2. You see the ads all over the TV, magazines and internet for online colleges....basically get your degree in your pajamas! But are those degrees worth the paper they are written on?? These schools make claims but do they back them up with facts? Before filling out all those forms and signing your life away, have you done a google search online? Looked for independant reviews? Do employers actually hire from these "McColleges"? Do your research.
3. Local "career" college. Now there are some good ones and there are some bad ones. Again, do your research. Career colleges are generally "for profit" businesses...there bottom line is pleasing their stockholders and backers, not the students. Their glossy brochures are pretty but you still need to ask questions. What is the placement rate? Ask for names of local employers that you can contact to check? Talk to the students...not just the ones that give the tour. Stay after the tour and hang out in the lounge. Ask questions.
12 questions to ask before you Borrow
Hey SOAPLADY,
Yup. Agree with you 100% :)
Especially the part (Do you really need to live in the dorms to get the "college experience"? Or would living at home be a better choice.)
100 % true... you could save enough if you stay at home unless of course your college is a distance from your home.. then it might post a problem.. hmmm