(New scholarships posted everyday)
Students Seeking Education by Experiencing Academic America (S.E.A.)
an Houston, Texas based mentoring program for high school students, students at risk, and college bound students who want to attend an Historically Black College / University. (HBCU).
S.E.A will post a scholarship list for minority students each day. If you are a high school senior, junior, or an transferring college student, these scholarships are for you. FREE MONEY! We all know through life there is nothing Free, you have to apply to receive this money. Your cost is time. The time it takes to fill out the scholarship application.. Look for the S.E.A. blog each day, highlighting a new scholarship listing 2010 / 2011.
The Basics Of School Loans
At one time all you needed was a high school diploma in order to attain a good occupation. Nowadays, it's a different story, a college degree is virtually mandatory for any type of good-paying occupation. Alas, college is extremely costly. Even when you attend a state school with discounted in-state tuition, college costs frequently surpass those of autos and houses. Although most families don't have the funds to *ante up for a multi-year college education, assistance is obtainable in the form of a *school loan.
The school loan is available in two different flavours. The need-based school loan is for people who need help with paying for an education and are configured to meet part of the educational costs. The non-need based loan helps to pay a share of the family contribution when cash is tight.
For both graduate and undergrad pupils, the *Fed Stafford Loan offers up a simple-interest, *collateral-free, government secured school loan. While the student remains in school, interest accumulates at a lesser rate. The rate of interest is fixed and doesn't adjust up or down during this time. Once the Stafford school loan is taken out, there is a rate of interest ceiling that's imposed. At no time during the lifetime of the loan can the rate of interest rise above this ceiling. When the student leaves school or graduates, they're afforded a six-month goodwill period before they have to *commence repayment of the loan.
The Federal PLUS school loan, or Parent Loan for undergrad Students, is akin to the Stafford loan. Its non-need based, and is also no-collateral, simple interest, and government secured. PLUS loans permit parents of undergraduate students to borrow up to the full amount of college costs, less any fiscal aid, grants, or scholarships. PLUS loans are up to ten years in length and there is no penalization to prepay the loan in full. Parents can start payment while the student is still registered in school.
These loan options occasionally don't cover every cent of all college expenses. When there is a gap between loans and true costs, alternate loans may be looked for. A lot of lenders offer up private student loans that are *akin to the government student loans. They have low rates, no charges, deferred payment, and multiple repayment choices. A different option is for parents to borrow against their house equity to finance college training.
Although this alternative offers income tax advantages, a home equity loan doesn't have the same sort of flexibility as federal student loans. For instance, when fiscal hardship arises, federal student loans may be placed in *forbearance. Home equity loans cannot. Besides, loans can be consolidated into one student school loan that has adaptable repayment choices. Home equity loans commonly only have one repayment option.
Learn a lot more about school funding at school loans.
The Student Loan
The rising costs of college tuition have made it almost a necessity to apply for a student loan today. Students not only have tuition costs, but the cost of books, meals, gas, cell phones, recreation, etc. The variety of student loans enables students to take care of their varying college expenses. A student loan however, is a loan that must be repaid under specified circumstances.
Each of the following are student loans with differing conditions and time frames for repayment:
A Direct Student Loan is a loan with a schedule of repayment six to nine months after the student has completed school. The Direct Student Loan is distributed through the school the student is attending, which enables the interest rates to be much lower than a Guaranteed Student Loan.
Guaranteed Student Loans, also known as Stafford Loans have a low interest rate. A student can apply for a subsidized or unsubsidized student loan. A subsidized loan means the government pays the interest for you while you are in school. The subsidized student loan is based on the students financial need. An unsubsidized student loan means you will be charged interest while you are attending school. The principal must start being paid after you have finished school. Both types of student loans need to start repayment six months after the student has finished college.
Federal Parent Loans or PLUS loans as they are known is a student loan not contingent on your income, but lenders do consider personal credit history. Parents or guardians who have a dependent child enrolled in college at least part-time are eligible for the PLUS loan. The interest rate is 9% or less.
Virtually any school or program will allow you to utilize the Direct Student loan, Guaranteed Student loan or PLUS loan. It is very important to thoroughly research all available options for funding long-term education. Your future is tied to your funding, which is your student loan.
John Williams is the student loan blogger at http://studentloan.blogspot.com. He reviews student loans and interprets often complicated financial data into simple to understand language.
By John Williams Article Source: http://EzineArticles.com/?expert=John_Williams
SCHOLARSHIP OF THE DAY
9-13-2010
The Elie Wiesel Prize in Ethics Essay Contest
Scholarship ID: 119925
Scholarship Description: The Prize in Ethics Essay Contest is an annual competition designed to challenge college students to analyze the urgent ethical issues confronting them in today's complex world. Full time Juniors and Seniors at accredited four-year colleges and universities in the US are welcome to enter the Essay Contest and compete for $10,000 in prizes and the opportunity to meet Elie Wiesel in New York City.
Contact: The Elie Wiesel Foundation for Humanity
Address: 555 Madison Avenue
20th Floor New York, NY 10022
Phone: 212-490-7788
Fax 212-490-6006
Email Address: Alexandrea@eliewieselfoundation.org
Application Deadline: February 12, 2011
Number Of Awards: (5) FIVE
Maximum Amount: See Description
Website Address: http://www.eliewieselfoundation.org
For more information about the Essay Contest or The Elie Wiesel Foundation,
please visit: http://www.eliewieselfoundation.org
GO TO SCHOLARSHIPS.COM http://www.scholarships.com/Award.aspx?AWARD_ID=14
p.s. If you need help in your scholarship search, please contact S.E.A. c/o
NORRIS COLEMAN @ mr.nncoleman@yahoo.com
*As part of S.E.A. Mentoring Program, we want to build our Mentees vocabulary. S.E.A. has chosen to italicize words and statements in blue for our Mentee to understand and use in their vocabulary
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