Tips on how to help fund University learning

Now is a great time to apply for student loans and try to get into a University

08:04 04 August 2013

If you or someone you know is thinking of attending a University, now is the time to get your student loans together and apply.

If you or someone you know is worried about having funds for your/their education beyond student loans, here are some suggestions:

• Part-time work can help you obtain costs to cover those extra supplies, food, and books. It may even allow you to start repaying some of your student loans ahead of schedule which can take a hefty chunk out of the interest.

 

• Grants are sometimes available depending on your area of study, the institution you plan to attend, and other factors. Research to find out if you have grant opportunities. These are always better than student loans because the money does not need to be repaid.

 

• If you are persistent you may find certain partnerships that will help defray the cost of your higher education in return for working at a particular company. This might be even more applicable if you are studying a subject that will be of interest to your current employer.

 

• Scholarships are another way to supplement or even replace the need for student loans. If you have good grades and scour the internet you might be able to receive scholarships that make education significantly more affordable. Scholarships, like grants, do not need to be repaid.

Essentially, anything which reduces the amount of your student loans or the need for student loans should be obtained first.