Student Loans and Homework Help Library

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Wednesday, September 5, 2007

College Housing

The next most important step after you’ve been accepted by a college and have secured your finances, through financial aid, grants, student loans or your trust fund is to find a perfect roommate and place to stay. If you decide to live on campus, you’ll probably have to fill the infamous housing questionnaires. This is where you answer a swath of questions ranging from your choice of music to your religious views and food preferences. Even though the questionnaire is very detailed, most colleges are only capable of matching your basic needs: do you smoke, are you willing to live with one?, do you want to share a room or not. This is a very important decision as the perfect roommate can make or break freshman year; so its important to make the most of the options available to you.

Most colleges have different housing facilities available based upon your needs. Some of these choices may be single-sex dorms, co-ed dorms, honors dorms, quiet dorms, all-freshman dorms, graduate dorms, etc. Most freshman prefer living in an all-freshman dorm for the simple reason that most people on the dorm floor are pretty close to your age group and are craving the same college experience. You’ll find people “chilling” in the common areas, gossiping, working on homework, and trading life stories with their new friends. The benefit of an upperclassman dorm is that you’ll probably get more information on professors, classes and the college in general. They also may tend to be a little more aloof due to old friendships, commitments and generally more schoolwork.

The next order of business is to choose whether you would like to have roommates or not; and if so how many? You can always choose the privacy of a single room, but the costs involved in that could be prohibitive. If you have student loans you might have to consider the cost more closely than those who have grants or parents or other sources of funding. The twin sharing room is the most commonly available and economically viable choice. In most colleges today twin rooms are big enough to give both people enough living as well as working space. Some roommates get creative and set up bunk-beds to create more “living” space in their rooms! Another popular choice is the Quad; where four or more students share a larger living space. This living arrangement is sometimes only available in fraternity or sorority houses, but there are some colleges that do offer quads. These are fabulous for meeting new people and bonding. And you also have a one in three chance of finding someone you can connect with and not be stuck with a roommate you can't get along with.

With admission, finances (including grants, financial aid and student loans) and your roommate situation taken care of, the next order of business would be course selection and academic advising.

About the Author: Kara Lilly, a Librarian for over 15 years in College Park, creates the Eduology for schoolwork.org, a leading provider of homework help, college directories with satellite maps and a comprehensive breakdown of student loans. For more information, please visit http://www.schoolwork.org

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Wednesday, August 15, 2007

Advantages of Student Loans

If the budget is tight, student loans and financial aid are great ways to obtain a college education. Students have the best circumstances they will ever have for obtaining a loan due to the many public and private loan programs designed specifically for students that provide loans for tuition, books, supplies, lodging, meals, and any other expenses. School loans are possibly the most important loans a person can take. With an education, young people have the opportunity to increase their knowledge and experience so they will be successful and productive citizens, proving student loans to be a great investment. Consider a student who takes out a forty thousand dollar loan for medical school, and in five years they are making $150,000 annually. That is a quite a return on their investment, regardless of interest.Like personal loan programs, educational loans operate under similar terms. The interest rate is determined by the current prime interest rate along with individual credit history. If there are any credit issues, a very small percentage will be added to the prime rate. The interest is usually adjusted monthly according to shifting rates. Most young students have little or no credit history, so the interest rates of school loans are usually basic prime rates. When it comes to paying the loan off, the great thing about student loan payments is that they are often on a sliding time scale or are deferred for a number of years. This allows a student to launch their career without the hassle of making loan payments immediately, or at least until they graduate. It can be really difficult to make loan payments while trying to study and take care of classes.Almost any further educational programs can be covered by student financial aid. Some common student loans include funding for junior college, technical school, public and private undergraduate programs, career training, graduate school, medical school, and law school. Anyone in the United States should never feel limited by money to get an education. Though loans may seem like a financial burden, the education you will receive in return is priceless. Because many younger students do not yet have a credit history, a student loan is a great way to start one. A student loan is considered a responsible credit endeavor and any delinquencies affect credit scores minimally. This is the perfect scenario for developing a responsible credit history. A shortage of money should never be a barrier to education. Getting a solid education can change the entire course of an individual’s life, paving the way to a life of success and financial freedom. If you are considering further education, find out what kinds of student loans you qualify for.

About the Author: Kara Lilly, a Librarian for over 15 years in College Park, creates the Eduology for schoolwork.org, a leading provider of homework help, college directories with satellite maps and a comprehensive breakdown of student loans. For more information, please visit http://www.schoolwork.org

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