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Saturday, March 6, 2010

Student Loan Money


People from all walks of life from single moms to new immigrants want to go to college but it is expensive so many students today have to think about getting a student loan or some type of financial aid. I am going to cover three ways to increase your chances of getting financial aid, namely via scholarships. Scholarships are attractive because unlike student loans, scholarships do not have to be repaid. Some colleges offer full tuition college scholarships, though these are hard to come by. You can even find some unusual scholarships such as scholarships from the Tall Club of America for, you guess it, very tall people who would like to go to college.

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1. Thoroughly research scholarships given by your university or other organizations. You can simply do an online search for "college scholarship" or talk to your school advisor about the many scholarships that are available.
2. Once you have found some scholarships that you are interested in, you need to thoroughly understand all the requirements for that scholarship. Most scholarships are aimed at certain individuals such as by ethnicity, or by a sport you play, or if you have a special artistic talent etc. so by reading the requirements, you will find out if you qualify.
3. If you qualify for the scholarship, fill the application out thoroughly. Answer all the questions and make sure to leave nothing out. If there are any blanks, there will be delays which might mean that you will miss other important deadlines.
Once you find one that you want to apply for, fill out the application and hope for the best. Lastly, there are a number of fee-based scholarship matching services out there. Don't waste your money on these because you can easily find a lot of scholarship information for free online.

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