Thursday 6 October 2011

Indian Desi girls pics. What Are Sallie Mae Student Loans and Are Free Government Grants and Scholarships Better?




What Are Sallie Mae Student Loans and Are Free Government Grants and Scholarships Better?

A lot of moms and dads who want to return to college have started asking about Sallie May and What they have to do with scholarships and grants. The answer is they are a lender and they give out loans to both students and the parents of people who want to return to college.
The fact though is this. If you take out a loan it does not matter who you take it out with you will still have to pay it back and with interest.
A lot of lenders like sallie may who offer student loans offer what is called federal plus loans. these are loans that will pay for the full cost of your education with a fixed rate of interest. this rate is currently at 8.5% and if you are on a low income you may struggle to pay it back.
The US government is also helping parents and students to return to school with scholarships and grants that are eared towards parents on a low income. With these grants and scholarships you can support your family and study at the same time.
What is the difference between a loan and a grant or scholarship?
With a loan you can usually obtain the full amount for your education but as previously stated, you have to pay it back and with interest. With scholarships and grants it is money you do not have to pay back.
Many grants do not cover the full cost of your education though and you may need to apply for more than one to cover the cost of what you need.
Should I take a sallie may loan or get a free grant or scholarship?
This is the question a lot of people are asking and the answer is this. It depends on your own circumstances and if you can pay back a loan. If you cannot then the best solution for you is to apply for financial aid with a grant or apply for a scholarship that will pay for your course of study.
Recent studies show that more persons return to college again during the time when the economy is suffering. It as an ideal time to get back on education that they missed out.


Article Source: http://EzineArticles.com/3616974

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