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Thursday, February 7, 2008

Get a Bank Loan to Pay for College

Paying for school with outside loans should be a last alternative. Remember, just like a credit card loans accrue interest which means that you will be paying for school plus the interest. This can be avoided but if you have to take out a loan from your bank to pay for school, do what you have to do! Before you think of taking this financial route, try other alternatives. The best financial advice that I could give any college student to be is to check out FAFSA (Free Application for Federal Student Aid). I won’t make it sound like its the cure to your college expenses but it is indeed the smartest way to go about getting help with your college expenses. I provided the site under Money for College, you should check it out!

1 comment:

Anonymous said...

You have to be careful with outside loans because I know someone who over borrowed and is only in their second year of undergrad with alreay 50,000 to pay back.

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