Student Loans: The Life Preserver Of Our Education SystemWritten by Tucker R. VanZandt
A loan is reason many students are able to go to college and not have to worry about money until after they've graduated. There is a lot of paperwork involved in application process of a loan, but once you've completed it and been accepted, it will have been worth it. Loans can help with cost of books, tution and even living expenses or they can cover them completely. It all depends on your eligibility, which is determined in application process of loan.Applying for a loan is free and you can even complete it online. You can get a copy of application at your college's financial aid office, post office or library. It takes some patience and time to fill it out and various paperwork is needed before you can turn it in, but you will be happy once loan comes in. Your grades are taken into consideration when applying for a loan as well. Although you don't have to have a 3.0 GPA to get a loan, you do need to be making satisfactory grades to receive any assistance. Your college will determine whether you're eligible to apply for a student loan or not. There are some criteria that you have to meet before you can even be considered for a loan although. You must be a U.S. citizen or an eligible non-citizen. You must be making satisfactory grades and be attending a college that participates in federal student loan program. You also need to be a half time student, at least and truly be in need of assistance.The amount of assistance you will receive depends on whether you're an independent (you report only your income and that of your spouse if applicable) or a dependent (you report income of both your parents). The grade level you're in is also taken into account when loan assistance is being determined as well.
| | War of the Worlds: Student Finance versus LifeWritten by Richard Green
It’s a worrying time for current and prospective students. Figures from Prudential, show that a third of UK university students have considered abandoning their studies due to financial strain they have encountered. It is not surprising that many prospective students are finding need to seriously think through merits of going to university. With increase in course fees, alongside decreases in government financial support, current crop of graduates can expect huge debts (currently averaging over £13,000) when they enter employment market, which they hope will reward them with a highly paid job.However, as more students get pushed on to higher education production line and undertake degrees, once elitist qualification becomes devalued. Suddenly employers find themselves surrounded by graduates of ambiguous quality. Prestigious highly-paid careers are rare these days and graduates find themselves increasingly under pressure to jump through a number of hoops, with many interviews relying on an individual’s ability to sell himself, rather than basis of academic work. Students need to take responsibility for their own finances, while government seeks our recognition of its actions (educating unemployed is good for books … and votes), without state taking on responsibility (“it’s an investment in your own future”).
|
