Skip Navigation Links

Repaying Student Loans

July 28, 2011

Repaying Student Loans

by Radha Jhatakia

Even before college applications are due, many students are worried about how they will afford their postsecondary educations. Once the enrollment deposit is in and the initial stress of finding funding has passed, however, it’s easy to forget about how some forms of financial aid – namely, student loans – require repayment starting about six months after graduation. Here are a few tips to follow so you’re prepared when this time comes.

When applying for loans, there are three standard loans you can receive. There is the Direct Subsidized Stafford loan (which doesn’t charge interest while you are in school), the Direct Unsubsidized Stafford loan (which does charges interest while you are in school) and the PLUS loan (which requires a parent or co-signer. Repayments for both Stafford loans begin six months after graduation but PLUS loan repayments begin as soon as the last disbursement is made unless you submit a deferment form.

The next step is choosing a repayment plan. There are quite a few plans to choose from and, depending on how much you borrowed, they differ in the amount you will have to pay per month and how many years you will be paying it off. Choose a plan that best suits your needs, and remember you can always change the plan if your financial situation changes.

The most important tip of all, in my opinion is to create an account with a site like myfedloan.org. This is the website used by the loan service for repayments. Sign up for it while you are still in school so you can keep track of your balance and interest. Pay off part of the interest whenever you can to avoid capitalizing on it and sign up for quarterly statements to stay informed.

Radha Jhatakia is a communications major who will be transferring to San Jose State University this fall. She’s had some ups and downs in school and many obstacles to face; these challenges – plus support from family, friends and cat – have only made Radha stronger and have given her the experience to help others with the same issues. In her spare time, she enjoys writing, reading, cooking, sewing and designing. A social butterfly, Radha hopes to work in public relations and marketing upon graduation.


Comments

Obtaining Media the Legal Way

by Radha Jhatakia

So you’re listening to the radio and hear a song you like. What do you do? If you’re a college student, you probably turn on your computer and download the song sans payment. Not only is this method illegal (think: fines and jail time) but it can be even more detrimental if done from a campus Internet connection. Since a personal login is usually required when you use campus Internet, your online activity is easily tracked and documented. On top of stealing copyrighted material, you could also face consequences from your university such as expulsion.

So you’re probably wondering what to do about your music/movie situation now. Well, there are legal ways to obtain them while still managing your money! First, websites like Crackle and Hulu allow you to watch movies and television shows for free. You can also try e-Rewards, a site that lets you earn dollar points for taking surveys; for example, earn 10 points and you can redeem 10 promo codes for Blockbuster Express for free new movies.

Music lovers don’t have to look far for deals, either. Though the files won’t save to your computer, you can use YouTube, Pandora or Slacker Radio to listen to music whenever you want for free. Amazon has downloadable songs for as low as $0.69 during their deals as well as a feature that allows you to preview albums and download only the songs you like. There’s also iTunes, but that tends to be a bit more expensive. If you can’t afford to buy music, make deals with your friends to buy separate albums and share with one another. That way you can get the music you want legally...and maybe even expand your musical tastes!

Radha Jhatakia is a communications major who will be transferring to San Jose State University this fall. She’s had some ups and downs in school and many obstacles to face; these challenges – plus support from family, friends and cat – have only made Radha stronger and have given her the experience to help others with the same issues. In her spare time, she enjoys writing, reading, cooking, sewing and designing. A social butterfly, Radha hopes to work in public relations and marketing upon graduation.


Comments

Emotional Guidance in College

by Radha Jhatakia

There are many factors that influence your stress levels in college and all throughout life. In college, stress comes from your classes, meeting graduation requirements and securing enough financial aid, plus outside stressors like family and work. It can be hard to handle everything at once, especially when new issues arise and challenge us. The key to maintaining a healthy balance is to find a positive outlet to deal with these stressors.

It’s always nice having one friend that you can talk to about everything but sometimes a subject may feel too personal. I just transferred to a new school and the transition was taking its toll on me. All the while, there were problems going on at home and it was very difficult for me to deal with all of it. I had my sisters to talk to and an academic counselor from my old school to confide in but it would have been nice to speak to someone in a professional manner.

College administrators understand the stress we go through as students and how difficult it can be for us to handle everything. Therefore, many colleges have wellness and health centers that you can visit in your time of need. They offer workshops on everything from managing time to health education and there are also professional psychologists and counselors there to speak with you. All you need to do is make an appointment and someone will be there to help you out.

Unfortunately, many students don’t realize someone is always there to listen to them and in some cases, the consequences of not seeking help can be quite serious – even fatal. If you’re finding it hard to deal with any aspect of college life, don’t hesitate to take advantage of these resources. They exist for your benefit.

Radha Jhatakia is a communications major at San Jose State University. She's a transfer student who had some ups and downs in school and many obstacles to face; these challenges – plus support from family, friends and cat – have only made Radha stronger and have given her the experience to help others with the same issues. In her spare time, she enjoys writing, reading, cooking, sewing and designing. A social butterfly, Radha hopes to work in public relations and marketing upon graduation.


Comments

Not Enough Financial Aid? You Still Have Options!

by Radha Jhatakia

There are many factors that affect where, when and if students attend college, the most important being financial aid. So what can a student do when he or she hasn’t received enough funding?

If you need financial aid to make college a reality, contact the financial aid offices at the schools you’re considering before applying. Find out the costs of tuition, room and board, and other college living expenses and defray these costs by applying for as many scholarships and grants as you can. The college will be more likely to help fill any financial gaps if you’ve shown initiative and determination.

Another method is writing formal letters to financial aid administrators. Describe your financial aid situation (including hard numbers), your home life, factors affecting your ability to pay for college and things that you could not put on the FAFSA such as a home mortgage or other payments that your parents need to make. Fax this letter, mail it by certified mail and email a copy to each school as well. If the school cannot offer you free money, they can sometimes offer an additional loan of some sort.

If all else fails, call the colleges and schedule appointments with the deans or heads of the financial aid offices. Some colleges have tuition waivers which allow students with special conditions to be exempt from paying tuition. If the school does not offer this option, you can still seek out non-school loans through banks or private companies. These loans often have higher interest rates, require co-signers or do not have grace period to pay off loans after graduating; in my opinion, however, the cost of not getting a college education is much higher than amount of these loans.

Radha Jhatakia is a communications major who will be transferring to San Jose State University this fall. She’s had some ups and downs in school and many obstacles to face; these challenges – plus support from family, friends and cat – have only made Radha stronger and have given her the experience to help others with the same issues. In her spare time, she enjoys writing, reading, cooking, sewing and designing. A social butterfly, Radha hopes to work in public relations and marketing upon graduation.


Comments

Meet Scholarships.com's Virtual Interns: Radha Jhatakia

by Radha Jhatakia

Hi all! My name is Radha and I’m one of Scholarships.com’s newest virtual interns!

In high school, I was a well-rounded student – high GPA, honors classes, extracurricular activities and volunteer work...you name it, I did it – but after getting accepted by both the University of the Pacific and the University of San Francisco, limited finances and financial aid prevented me from attending either school. To save money to put toward transferring, I instead enrolled in De Anza College and Evergreen Valley College to complete my gen eds. It wasn’t easy (De Anza was a distant commute and made it difficult for me to take the classes I needed to transfer) but I amassed enough credits to transfer after two years. I didn’t get into my first choice (UCLA) and my second choice (Berkeley) did not have my intended major so I enrolled at UCSB, where I was accepted into the Honors Program and received plenty of financial aid. Unfortunately, things didn’t work out as planned when my transfer status affected my major so I am back at EVC but transferring to San Jose State University in the fall. Whew!

I’ve always enjoyed writing (I hope to write a book someday) and I believe my interest in working with others – plus my excellent persuasion abilities – will lend itself to a career in public relations. Being a Scholarships.com virtual interns complements my goals perfectly: It’s an excellent opportunity to gain experience in something I enjoy doing and since I’m always looking for scholarships to pay for school, writing for a website that helps students do just that seemed ideal. Hope you’ll all enjoy reading my opinions and advice just as much as I enjoy sharing them!


Comments

Scholarships.com’s Awkward Back-to-School Photo Contest

by Scholarships.com Staff

Ah, the first day of school. You meticulously selected your outfit, you styled your hair just right but when you smiled for the camera, all that awesomeness translated into...complete and total awkwardness. It may be tempting to dispose of the evidence but don’t burn those negatives or delete those jpegs just yet: Those images could earn you $1,000 or a Kindle for college through Scholarships.com’s Awkward Back-to-School Photo Contest!

To enter Scholarships.com’s Awkward Back-to-School Photo Contest, simply “like” Scholarships.com on Facebook and upload your amateur, school-related photo (first day, class, prom, graduation, etc.) to Scholarships.com’s Facebook wall, making sure to tag yourself and Scholarships.com in the image. Following the October 31st deadline, the Scholarships.com Team will post our top finalists and users will have one week to vote for their favorite photo via comments and likes. The person who submits the photo receiving the most votes will win $1,000 and the individuals who submit the second and third highest-scoring images will receive one Kindle each.

Starts: September 15th

Ends: October 31st

Number of Awards: 3

Amount: $1,000 for one first-prize winner; one second- and one third-prize winner will be awarded one Kindle each.

Step 1: “Like” Scholarships.com on Facebook.

Step 2: Post your school-related to Scholarships.com’s Facebook wall, making sure to tag yourself and Scholarships.com in the image. These photos must be amateur (i.e., not professionally taken), can be current or from years past and must feature the person submitting the photo.

Step 3: The Scholarships.com Team will select the top images submitted and let our fans choose a winner via their comments and likes.

Step 4: You may enter as many times as you want but please limit your photos to one per day. Those who do not observe this step or who do not tag themselves and Scholarships.com in their photos will be disqualified. You must also adjust your Facebook privacy preferences to allow Scholarships.com to message you should you win.

This scholarship competition is offered by Scholarships.com and is in no way sponsored, endorsed or administered by, or associated with, Facebook.

For more information and official rules, please click here.


Comments

Is Your Dream School Affordable, Too?

by Scholarships.com Staff

When an acceptance letter arrives from your dream college, your first instinct may be to scream, cry and jump on your couch with Tom Cruise-caliber flair. Feel free to give in to those urges – hey, you earned it! – but realize you will soon have to figure out how to pay for your education. Can you really afford this school, not only while you’re attending but after you graduate as well? A new list from Kiplinger says your dream school could be a reality after all.

The list, which rates how well colleges actually do in making themselves affordable, includes schools with students who graduate with less than $20,000 in student loan debt on average. The Washington Post’s Daniel de Vise also weighed in, supplementing Kiplinger’s findings with data from the Institute for College Access and Success. Here’s what he found were the most affordable institutions based on the average amount of debt graduates carry:


Comments

The FAFSA: New Year Means New Application

by Scholarships.com Staff

Though it’s a day off from school and work, New Year’s Day is also a day to get down to business. While you’re starting in on your New Year’s resolutions, opening up a new calendar, and packing up the holiday decorations, there’s one more thing that college students and college-bound high school students should do each January. The Department of Education starts accepting the Free Application for Federal Student Aid (more commonly known as "FAFSA") on January 1 each year. State application deadlines fall soon after—as early as February in some cases. So while you might not start classes until August or September, you want to start applying for financial aid as soon as the FAFSA is available each year.

In order to complete a FAFSA, you will need the following:

  • your social security number
  • a driver’s license if you have one
  • bank statements and records of investments (if you have any)
  • records of untaxed income (again, if you have any)
  • your most recent tax return and W2s (2011 for the 2012-2013 FAFSA)
  • all of the above for your parents if you are considered a dependent
  • a PIN to sign electronically (go to pin.ed.gov to get one)

Comments

Get Stuck on This Scholarship of the Week

Duck Brand Stuck at Prom Scholarship Contest Deadline Approaching

April 8, 2013

Get Stuck on This Scholarship of the Week

by Scholarships.com Staff

Bubble gum in your hair. “Kick me” signs. He said, she said. These are all sticky situations we try to avoid in life – and for good reason! – but here’s one that could pay off big for your college education: The Duck Brand Stuck at Prom Scholarship Contest.

The Henkal Corporation's Duck Brand Stuck at Prom Scholarship Contest is open to legal residents of the United States and Canada, including the District of Columbia but excluding Puerto Rico and the Province of Quebec. This scholarship contest rewards individuals for creating prom attire made completely out of – you guessed it – Duck brand duct tape. To be eligible for the $5,000, $3,000, $2,000 and $500 scholarship awards, each couple must submit:

  • One color photograph (professional or amateur) of the couple together in prom attire
  • Each individual's full name, address, telephone number, email address (if applicable) and age/grade level, and the name of the closest major city to the individual's hometown
  • A release form signed by each individual and, if any entrant is a minor (under 18 years of age), that individual's parent or guardian
  • The name, address, and telephone number of the high school or home school association which is hosting the prom and the date the prom was held

The deadline to submit your adhesive attire is June 13th so there’s still plenty of time to get creative. For a registration form and official contest rules, interested students should visit the Duck brand website or conduct a free Scholarships.com scholarship search today!


Comments

The Short & Tweet Scholarship Has Returned!

Earn $1,000 or a Kindle for College in 140 Characters or Fewer

April 1, 2013

The Short & Tweet Scholarship Has Returned!

by Scholarships.com Staff

For official rules, please click here.


Comments

Recent Posts

Tags

ACT (19)
Advanced Placement (24)
Alumni (16)
Applications (76)
Athletics (17)
Back To School (72)
Books (66)
Campus Life (444)
Career (115)
Choosing A College (41)
College (918)
College Admissions (225)
College And Society (271)
College And The Economy (330)
College Applications (141)
College Benefits (282)
College Budgets (205)
College Classes (437)
College Costs (454)
College Culture (548)
College Goals (386)
College Grants (53)
College In Congress (78)
College Life (500)
College Majors (212)
College News (502)
College Prep (164)
College Savings Accounts (17)
College Scholarships (129)
College Search (109)
College Students (375)
College Tips (99)
Community College (54)
Community Service (40)
Community Service Scholarships (26)
Course Enrollment (18)
Economy (96)
Education (24)
Education Study (28)
Employment (36)
Essay Scholarship (38)
FAFSA (49)
Federal Aid (86)
Finances (68)
Financial Aid (361)
Financial Aid Information (37)
Financial Aid News (31)
Financial Tips (35)
Food (44)
Food/Cooking (27)
GPA (80)
Grades (91)
Graduate School (54)
Graduate Student Scholarships (19)
Graduate Students (63)
Graduation Rates (38)
Grants (61)
Health (38)
High School (128)
High School News (62)
High School Student Scholarships (142)
High School Students (257)
Higher Education (110)
Internships (525)
Job Search (167)
Just For Fun (96)
Loan Repayment (33)
Loans (39)
Military (16)
Money Management (134)
Online College (20)
Pell Grant (26)
President Obama (19)
Private Colleges (34)
Private Loans (19)
Roommates (99)
SAT (22)
Scholarship Applications (153)
Scholarship Information (140)
Scholarship Of The Week (226)
Scholarship Search (181)
Scholarship Tips (70)
Scholarships (360)
Sports (61)
Sports Scholarships (21)
Stafford Loans (24)
Standardized Testing (45)
State Colleges (42)
State News (33)
Student Debt (76)
Student Life (499)
Student Loans (130)
Study Abroad (66)
Study Skills (214)
Teachers (94)
Technology (111)
Tips (479)
Tuition (92)
Undergraduate Scholarships (35)
Undergraduate Students (154)
Volunteer (45)
Work And College (82)
Work Study (20)
Writing Scholarship (18)

Categories

529 Plan (1)
Back To School (351)
College And The Economy (463)
College Applications (244)
College Budgets (333)
College Classes (548)
College Costs (703)
College Culture (904)
College Grants (132)
College In Congress (123)
College Life (868)
College Majors (321)
College News (823)
College Savings Accounts (55)
College Search (382)
FAFSA (108)
Federal Aid (118)
Fellowships (23)
Financial Aid (637)
Food/Cooking (76)
GPA (277)
Graduate School (106)
Grants (71)
High School (479)
High School News (206)
Housing (172)
Internships (564)
Just For Fun (202)
Press Releases (1)
Roommates (138)
Scholarship Applications (183)
Scholarship Of The Week (301)
Scholarships (546)
Sports (73)
Standardized Testing (58)
Student Loans (220)
Study Abroad (60)
Tips (741)
Uncategorized (7)
Virtual Intern (531)

Archives

< Mar April 2014 May >
SunMonTueWedThuFriSat
303112345
6789101112
13141516171819
20212223242526
27282930123
45678910

Follow Us:

facebook twitter rss feed
<< < 54 55 56 57 58 59 60 61 62 63 > >>
Page 56 of 63