How Students Are Covering the Cost of Online Colleges

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If you are yearning for higher learning of the online kind, you might be hesitating over small things.
You know, all those dirty little details that disrupt your dreams with doom and despair-just when you thought it was safe to sleep.
A myriad of melancholy moods arise from mundane matters such as money.
It never seems to be there when you need it for important things like education.
Before you roll over and play dead while silently slipping back into dreamland-here's your wake-up call! Don't ask for whom the bell tolls; it tolls for you! Now is the time to get out on the right side of bed, grab a pen and take careful note.
Recess is now over.
Class has resumed.
If you deeply desire the flexibility of distance learning, but lack deep pockets, this lesson is just for you.
Pay attention, as it is packed with tidbits of terrific news; you will not want to miss a single syllable.
Let's start with a real revelation.
You have a rich "uncle" just begging to open his bottomless pockets for all your delightful dreams of educational success.
Uncle Sam to the rescue again! Like a good neighbor, he always seems to be there.
His presence is widely felt in the online educational arena.
He has finally welcomed Elearners into the family flock with full recognition of online study.
In February 2006, Congress extended Federal student financial aid eligibility to academic programs that are entirely online.
Under previous law, at least half of a student's curriculum had to be on-campus to qualify for Uncle Sam's financial packages.
Grants As the core component of any financial aid package, Pell Grants are Uncle Sam's gracious gift to you.
There are no credit checks or repayment obligations.
The best part of all? You can receive up to $5500 per academic year to cover the cost of online colleges.
That goes a long way, students.
Tuition Reimbursement Another likely source of free money is tuition reimbursement.
In fact, it may be right under your nose every day! Employers frequently offer tuition reimbursement.
Businesses have an interest in employees' continued educations.
Better-educated workers are more productive and efficient.
For employers, it's a small price to pay for an educated workforce.
Scholarships Like tuition reimbursement and grants, scholarships are not debts.
They are outright monetary gifts.
Think of any church, social, or affinity organizations you hold membership in.
Scholarships are typically based upon criteria such as ethnicity, academic achievement, or community service involvement.
Many scholarships are also need-based.
The sole qualifying criteria is need.
Documentation of you and your family's financial resources is often required.
Scholarships are also frequently awarded based upon your intended field of study.
High-need fields such as education or medicine are especially popular for scholarship awards.
Loans Although loans are debts, educational loans typically offer much better terms than other loans.
In keeping with his generous character, Uncle Sam operates the best lending program around.
Interest is ultra-low, and doesn't even accrue while you are in school.
After graduation, monthly payments are tailored to suit your budget.
You don't have to choose careers that do not suit you - just to get paid.
Feel free to pursue all those public-interest service positions that pay mere pittances.
If that is where your heart is, go for it! To top it all off, you are excused from payment if your economic circumstances so dictate.
If your total payments fall short of the full balance due - never fear! Uncle Sam forgives the remaining balance when your loan term ends.
Class, it just doesn't get any sweeter than that! To get a taste of these delectable financial treats, go to http://www.
fafsa.
ed.
gov
.
This is Uncle Sam's own personal website whereby you apply for all of his rich rewards simultaneously.
If you are a little short of funds, and just can't seem to make the equation balance for the cost of online colleges, take heart.
Financial dilemmas need not dampen your dreams.
If you incur a little bit of debt along your journey, so what? Considering the increased earnings potential for the rest of your entire life, the cost of online college is minuscule.
Do the math, work the figures, and I will see you next session.
This concludes today's lesson.
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