College Student Loan
College Student Loan
by Kelly, Student Loans.Net
Thinking about going to college, but not quite sold on the idea? The College Board, a non-profit association of postsecondary schools, recently conducted a survey to determine just how much going to college pays off.
According to the study, full-time workers between the ages of 25 and 34 earn on average $14,000 a year more with a college degree in hand. The study also found that women with undergraduate degrees make 70 percent more than those with high school diplomas. For men, the difference between degrees is a 63 percent in salary.
The proof is in the numbers – it pays to go to college. Unfortunately, you have to pay to go to college. The average tuition at a public two-year college is $2,100 per year. A four-year public school is more like $4,700. Private postsecondary schools are exceptionally pricey with an average of $26,800 a year.
So college is obviously a good road to go down, but it requires something from you in return – money. Unless you are smart enough to get your entire academic bill paid for by a scholarship, or you are lucky enough to have someone else pay for your schooling, changes are you are going to have to foot some – if not all – of your college expenses.
The good news is there are a lot of financial aid options out there for undergraduates. Undergraduates can cash in on state and federal grants – if they qualify. If you aren’t officially in “financial need” (based on the U.S. Department of Education’s definition), you can still qualify for a college student loan through the government. These types of loans are applied for through the U.S. Department of Education using a Free Application for Federal Student Aid. There is also the other option of seeking college student loans from a private lender. To learn more about funding for college, visit www.ed.gov.