1) Many of us have utilized loans to finance our college education. Utilizing information from the reading and from your personal experience list the factors that should be considered before taking out student loans.
* 350 word minimum for discussion posts
2) 50 word minimum for this reply.
I have been fortunate enough to not have to take out any student loans for college. I will be graduating this June if everything goes well, and I do not anticipate taking any loans. Before starting college I planned out my entire academic expenses at each school that I applied to. Once I chose PSU I also calculated how much financial aid and scholarships I would need to receive to not pay any out of pocket expenses. Luckily, I was awarded a full-ride and I continued to apply for scholarships as I went through my studies. Of course due to have all my expenses taken care of there were a lot that I did not qualify for, but I was able to secure some additional funds. This has helped me SO much, as I can be taking roughly 16+ credits a term and only work about 4 hours a week. I am able to save for emergencies and graduate two years early. I keep funds saved for emergencies and living expenses, I am able to pay all my personal bills, except for rent as I am still living at home with my parents.
Due to my circumstances I cannot share anything from my experience. However, I would consider aspects such as:
-When I begin to accrue interest?
-Are there additional fees involved?
-How long will it take me to pay it off?
-Can I put it off a bit longer, or do I actually need it now?
-Is the loan a private one or federal one? What option is best for me?
-What can I use my loan money for?
-Is the creditor trustworthy? Are there better options? Where will I have the most for what I pay?
-When can I refinance my loan if I am eligible?
-Is there possible relief from this loan? If not, are there other options that do offer this?
-Is it reasonable to expect myself to make payments and not negatively impact my credit/financial health?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more