Saturday, April 10, 2010

Free Money for College Students

There are several ways to gain access to free money for college. Academic performance is probably the most common. Anyone thinking of entering college should check with counselors about scholarships that are based on academic accomplishments. You may be surprised that most schools offer these types of scholarships.

Parents should check with their employer to find out if they offer some time of college assistance for dependants of employees. More and more companies today are moving toward this type of benefit. Many times this not only benefits the employee but, may also encourage the young person to pursue employment with the business after graduation.

You may also want to contact a trade organization, some of these organizations will fund 100% of your school costs and provide a place of employment after you graduate. On a personal note this type of program worked great for my brother. As a matter of fact he is still employed to this day with the organization that helped him with his school expenses.

In most cases their will still be a need for more money than these programs will provide. In these cases there are stafford loans that will fill the gap. Stafford loans are low interest loans designed for students. The payments are deferred until 6 months after graduation. This allows time for you to go to work before you begin repayment.

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