Student loans are fairly easy to get. Lending institutions want to support youth in higher education and make student loans more easily accessible than other loans such as mortgage loans or business loans.
Of course in the end they make plenty of money off the loans as they are paid back. Still, the pay back is made palatable and a student can have an extension once as, often the first year out of school, jobs can be difficult to find in the particular field studied.
Why Avoid Using Student Loans?
Imagine the relief upon graduation knowing you have no debt upon graduating? The excitement of graduation can be slightly marred by starting out in life with so much debt already accrued. There are several reasons why a wise student will avoid using student loans if at all possible.
One reason is the obvious - to avoid debt and the cost of pay back.
Another is, if the student avoids using a student loan by working part time it is good information on a resume.
How to Avoid Using Student Loans
By working and paying for college as you go, you are gaining experience in the workplace. You are demonstrating a commitment to your education regardless of what it takes to accomplish your goal. Character traits such as passion, discipline, stamina, and persistence are evidenced in this choice.
Winning scholarships is another way to avoid using student loans. Winning scholarships is more than financially rewarding. It is an honor to be able to achieve the scholarship.
In Georgia all students graduating from high school with a grade point average of 3.0 or above have access to the Hope Scholarship the first year of college. To maintain this scholarship students must maintain a grade point average of 3.0 or above.
Janie Jenkins is the "Easy To Do" instruction expert. Discover how easy it is to do what seemed like your most complicated ambition. Easy To Do Financial
Article Source: http://EzineArticles.com/?expert=Janie_Jenkins
No comments:
Post a Comment