Tag Archives: Paying for college

So You Got Into Your Dream School.

Filed under: College Life - BookRenter Team
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Now Comes the Tough Part – Paying for It.

Getting into a good college or university – especially when the competition for places is so fierce – is quite an achievement. But admission to your year’s freshman class is only half of the higher-education battle. The other half: Covering the cost of that education.

By emilywjones

BookRenter can save you some serious money on textbooks, of course. For help meeting the rest of your college expenses, scholarships and grants abound, if you know where to look.

Top 3 Tips on Finding College Scholarships and Grants.

1. Ask for help from your school’s Financial Aid Office.

It’s their job to help you find what you need to know about scholarships and grants and how to apply for them. And while many scholarships are based on academics or athletic prowess, there are hundreds of other kinds of scholarships – many of which go unused each year because potential applicants don’t know about them. For example, lots of schools offer legacy scholarships, open to family members (children, stepchildren, grandchildren, siblings, and even nieces and nephews) of alumni. Other schools award “first-generation” scholarships to students who are first in their family to attend college. There are scholarships for minorities, for older students, for returning students – the list is practically endless.

2. Do some [virtual] legwork

There are lots of online destinations where you can learn about – and apply for – scholarships. A good one is apps.collegeboard.com (yes, the same outfit many of us used to prep for college entrance exams). Another is scholarships.com, which lists some 2.7 million local, state, and national college scholarships and grants worth over $19 billion (as on most of the scholarship sites, searching is free). Fastweb.com offers contests and financial aid advice.

And at ed.gov you can learn about the U.S. Department of Education Pell Grant Program, which provides need-based grants to low-income undergraduate and certain grad students.

* Don’t forget to apply for BookRenter’s Rock the World Scholarship!

3. Online or off, think outside the box

Many scholarships, grants, and contests are designed to help students nurture a special interest or talent. Interested in “green” architecture or the environment and have a project or declared major to back it up?

You may qualify for an eco-oriented scholarship or grant. (Many green scholarships not only help you pay for school but also allow you to plan and execute projects or attend educational conferences.)

Got a wacky talent like, say, duck calling? Enter the Chick and Sophie Major Memorial Duck Calling Contest and you could win up to $2,000 – money that can be used to further education in any field.

And don’t forget to check out your hometown’s local businesses, civic organizations, and church groups – some of them might have scholarship or grant programs reserved especially for “home-grown” students.

Got some tips of your own on getting help to finance your college education?

Tell us about ‘em!
Samantha (Sami) Main I UNIVERSITY OF FLORIDA: Bright, passionate, a fierce multi-tasker. Claim to fame: Made it to Round Three of Charlie Sheen’s controversial #TigerBloodIntern contest.

We value the diverse voices and fresh ideas that our guest bloggers bring to BookRenter.com. However, the ideas and opinions expressed in guest posts are strictly those of the post’s author and don’t necessarily reflect the ideas or opinions of BookRenter.Com. The information in guest posts is often drawn from a variety of sources, and we count on our guest authors to verify and fact-check the content they post. BookRenter.Com makes no claims, express or implied, as to the accuracy or completeness of guest post content or the suitability of the content for a specific purpose.
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Charmaine’s Top 4 Ways to Pay for College

Filed under: College Life - BookRenter Team
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Guest Blogger Charmaine Ng

After college, we will emerge with four years of unforgettable experiences, a group of lifelong friends, and a very expensive piece of paper. Tuition is rising across the country, and most of us resort to taking out loans, landing us in debt for years. Here are my top 4 ways to help you pay for that diploma.

by AMagill

1. Open up shop.

You don’t need business expertise to run with an idea. Just dedication and passion! One afternoon, two sophomores at my college, Erika Welsh and Keely Tillotson, ran out of peanut butter and decided to experiment with a bag of raw peanuts and a food processor. Soon, they were whipping up a wacky variety of peanut butter flavors, from “Sneaky Cinnamon” to “Pretzel Pizzazz.” By spring break, their Flying Squirrel Peanut Butter business regularly received over 100 orders a week from all over the country! By charging $4 per 8 oz. jar, they’re definitely making a profit that can go towards their tuition. Etsy and Shopify offer easy ways to set up online shops.)

Did you know you you can open your own custom book rental site? Check out the Stores Lite opportunity here: BookRenter Stores Lite

2. Display advertising on your blog.

Fancy writing for an online audience? Start a blog, create a following, and partner with businesses to sell advertising. You can even partner with BookRenter as an affiliate.  A simpler route: the Blogger platform allows you to easily arrange advertising with a Google AdSense feature that delivers targeted ads to your site. If your blog becomes popular, the pennies will add up!

3. Apply for scholarships.

People want to help you. You just have to find them. Talk to your university’s financial aid offices, and see what they offer in terms of scholarships based on merit, ethnicity, desired profession, financial need, and athletic talent. Also look beyond campus. The College Board and College Scholarships both offer national search engines. Be patient!

*You can Apply Now for BookRenter’s Rock the World Scholarship!

If you’re in the Bay Area, give ScholarMatch a shot. By posting select profiles, ScholarMatch hopes that potential donors will personally connect with a student in their community and support his or her education.

4. Sign up for tests, studies, and focus groups.

My school’s Psychology and Human Physiology departments are always conducting studies that need participants. You can receive over $100 for spending time in an MRI lab or hooked up to an exercise machine. You may not feel comfortable with the idea at first, but think of it this way: you’re contributing to science AND getting paid for it! Another option is donating plasma, the liquid portion of your blood cells. My friend does this regularly and can make up to $200 a month. Head to your nearest Talecris Plasma Resources location, and see if you qualify for donation.

College doesn’t have to be as expensive as it sounds. While none of these options will completely solve your tuition woes, they can help you along the way. Don’t flounder in debt, and use your imagination!

By Guest Blogger Charmaine Ng I UNIVERSITY OF OREGON: Ambitious and talented, honest and human, this tri-lingual social media strategist and curator is also a published author. Harbors a secret desire to one day have a multi-hyphenated title

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Understand Student Loans and Which is Right for You

Filed under: College Life, Education - BookRenter Team
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Understand Student Loans and Which is Right for You provided by EduInReview.com

With the economy still struggling, annual tuition increases, and more and more students seeking a college education, taking student loans is becoming a greater reality than ever before. The path to obtaining student loans and other financial assistance for college can be a confusing, twisted maze that can be frustrating and defeating. We can help put you on the straight and narrow toward getting your loans by clarifying the different types of student loans and the best way to get them.

Federal Student Loans

Federal student loans have guaranteed lower interest rates than a private lender and there are no credit checks or collateral required. There are a number of deferment, repayment and consolidation options available after graduation. Subsidized loans will provider a lower interest rate than a Stafford loan.

There are three types of federal student loans that you could be eligible for:

1. FFELP – Federal Family Education Loan Program, which is approved by the government and provided by a privatelender.

2. FDSLP – Federal Direct Student Loan Program is approved and provided by the government.

3. Perkins Loan – This is the best choice for students with the most financial need. This school-based loan places the school in the position of lender. Even better, it comes with an incredibly low interest rate and there are no origination or default fees.

Applying for a federal student loan requires completion of the FAFSA, or Federal Application for Student Aid.

Private Student Loans

These aren’t typically a first choice for parents or students, but rather a back-up plan when other loan options don’t fulfill financial need. These loans are provided by private lenders like banks or credit unions. Completion of the FAFSA is not necessary; instead you’ll complete a traditional loan application and your credit score will be reviewed to determine approval. Interest rates and fees will be based on your credit score.

Parent Loans

These loans do not originate with your mom and dad, but rather lenders provide a loan to the parents of college students to help pay tuition and related fees. Known as the PLUS loan (Parent Loan for Undergraduate Students), parents maybe borrow money to cover additional school-related costs. Eligibility is based upon a credit check and it has fixed interest rates that are not need-based.

Graduate and professional students can also apply for a PLUS loan by submitting the FAFSA (not a requirement for parents); although both will have to sign a master promissory note.

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