College Scholarships and Grants Are Best
April 23rd, 2009 by admin
The funds you obtain to pay for your education should first come from scholarships and grants. Here is a breakdown of different ways to fund your college education.
Money you do not have to repay
Available personal savings
Scholarships and grants (may have special requirements to maintain eligibility)
Work-study earnings
Cheapest loans
Subsidized and unsubsidized federal student loans (including low interest rates and comfortable repayment plans)
Expensive loans
Private student loans (terms and conditions vary, be sure to read fine print)
Credit cards (high interest rates are one of the fastest ways to increase your debt). If you can avoid using credit cards for your education expense, do it.
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