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October Newsletter: New Ways to Search for Scholarships and Repayment Help

24 October 2012 557 views No Comment

The October issue of the Financial Aid News is packed with valuable resources and ideas to help you pay for school, manage your finances, and more. Here’s just some of what you’ll find inside:

Find your Scholarship Match

Are you on a lookout for additional sources of financial aid to help you pay for college, but are feeling overwhelmed by the search process? If so, then we’ve got a solution for you! StudentScholarshipSearch.com offers an easy and quick way to identify scholarships specific to YOU. By answering only 5 questions like “What’s your GPA?” or “What state do you live in?” using the Matcher tool, you’ll be matched to scholarships most relevant to your background. The selected list will provide you with the scholarship amounts, deadlines, and descriptions to help you prioritize so you can start applying right away. Go get matched to scholarships with the Matcher!

Right Now

What are you doing right now to make sure that you can afford your college education? Right now ScholarshipPoints is on pace to give away $145,000 in 2012 to students across the country. Right now YOU have NO chance of getting any of that scholarship money but you can fix it. Enter to win scholarships right now by signing up at ScholarshipPoints and give yourself a chance to win tuition money that you don’t have to worry about paying back later.

Don’t get spooked by your student loan payments!

It’s that time of year again, folks. The time when students who graduated in May have to seriously start thinking about their loan repayment strategy. Scary! Luckily, we’ve got the resources you need to get started.

Income-Based Repayment

Income-Based Repayment is a great option for students who aren’t making enough to cover their monthly loan payments. On this plan, your monthly payment is based on your income, so you could owe as little as NOTHING. Just keep in mind, that if you can afford to, paying more on your loans than required each month will save you money on interest in the long run!

Other Repayment Plans

Not sure if IBR is the best option for you? Most federal loans have other repayment plans you can choose from like, the standard 10-year plan, graduated repayment, or extended. Learn more about the different repayment plans at StudentLoanNetwork.

Deferment and Forbearance

If you simply cannot afford to pay on your loans, deferment and forbearance options may be available to you. Federal loans offer economic hardship deferments as well as unemployment deferments for up to 3 years. For private loans, you should contact your lender immediately to find out which of these options may be available to you.

Consolidation

If your private student loan payments are too high, consolidation may be a good option to help lower them, or even to lower your interest rate. Head on over to StudentLoanConsolidator and check out the loan consolidation payment calculator to find out how consolidation will help you!

New Scholarships!

See more new scholarships.

Time Management Tips

Do you want ideas on how to allocate your time and improve your time management skills? Check out the Time Management infographic for insight on how to spend your time productively.

Know your Score

Credit Sesame allows you to find out your free monthly credit score and act on it. Sign up for your free account to get your free credit score and find personal savings advice.

Romney, Obama, and Loans, Oh My!

With the election just days away, it’s important to know each candidate’s stance on the issues that affect students, like student debt. Check out our recent blog on this at StudentLoanNetwork.


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