Guide To Paying Off Your Student Loans

Now that the job industry is at its most competitive era, it’s crucial to have a strong educational background to land a well-paying job. However, not everyone has the financial capacity to pay for four years’ worth of college tuition fees and dorm accommodations. Because of this dilemma, most students are forced to take out loans to pay for college, fill financial gaps, and have enough funds to cover living expenses.

Although student loans offer a great opportunity that allows students to push forward with their chosen majors, most of them are too young to understand the terms and conditions associated with student loans entirely. And once they graduate, they often fail to pay off their student loans on time because of new goals and responsibilities. However, it’s important to note that lending services thrive on interest rates that pile up as time passes. So, the longer it takes for a student to repay their loan, the higher the interest rate will be.

To make things easier on your end, here are some helpful tips to pay off your student loans.

Your Guide To Pay Off Student Loans

1. Pick An Appropriate Repayment Plan

Overall, federal college loans offer the following repayment plans that cater to students with different situations:

Standard Repayment Plan

This particular repayment plan sets up the exact payment amount on a monthly basis, with a minimum amount of $50. The standard repayment plan allows students to pay off their debt within ten years.

Graduated Plan

After graduating, you might find it challenging to pay off your student loan within the given period. To help you out, the graduate plan offers a more flexible payment scheme wherein it will increase your payments every two years, payable for ten years.

Extended Plan

If you’re looking for a more long-term plan, the extended plan offers a fixed or graduated payment over 25 years.

Five Income-Driven Plans

The five income-driven plans allow lenders to make fluctuating payments depending on your family size, annual income, and other factors. For example, the Pay-as-You-Earn plan minimised monthly loan payments by up to 10 percent of discretionary income. Moreover, it forgoes the remaining loan balance after 20-25 years of consistent repayment.

Due to the ever-changing world, we live in, lenders allow students to switch to a different payment plan with no penalty. However, it’s crucial to understand that settling for a plan with a lower monthly payment will take longer to pay off. As a result, you’ll end up paying more in interest.

2. Set A Strict Budget

Now that you’re an adult with bills to pay, it’s crucial to manage your finances properly as early as now. Doing so will increase your chances of paying off your loans in a quick manner.

For starters, you should carefully plan and understand your monthly cash flow. Then, assess your spending habits by keeping track of your expenses for a month.

Afterward, you may set a budget for food, rent, and transportation to avoid falling off the budgetary wagon. Finally, on special occasions, you may have a set budget to use for gifting to family members.

3. Find A Side Hustle

To pay off your debt, you should have a source of income. However, you might find it challenging to find full-time work because of your busy class schedule. But do not fret because nowadays, there are various side hustles you may try to make extra money.

To do this, you should figure out your strongest suit.

Did you excel in a particular course during the previous semester? If so, you could tutor fellow students during exam season.

Do you find creative writing fascinating? Then you may check freelancing platforms to provide articles in exchange for money.

If you’re interested in trade, you can buy and sell used items online for a profit.

You can do numerous things to save money while you’re in college – the possibilities are endless.

4. Pay As Early As Possible

As a rule of thumb, there’s never any penalty for making advance payments on your student loan. However, a caveat with prepayment is that student loan services may add an extra amount to the next month’s payment. This phenomenon advances your due date but won’t speed up your end date. To resolve this, inform your servicer that you want to apply overpayments to your current balance. Doing so will keep the next month’s due date as planned.

Moreover, you can make additional payments at any point in a month or make a lump-sum student loan payment on the due date. Whichever method of payment you use, you’ll surely save some money.

5. Make Biweekly Payments

Although it’s a fairly straightforward strategy, it will trick you into paying extra on your debt – pay half every two weeks instead of making one full payment each month. In addition, you’ll pay extra each year by doing this trick, cutting down your repayment schedule and interest rate.

If you need assistance, biweekly student loan payment calculators online will help you see how much money and time you can save.

6. Take Advantage of Discounts

Most lenders offer a 0.25 – 0.5 percent discount if you set up an automatic payment scheme on your loan. Moreover, private lenders may also provide other interest rate discounts if your account meets specific criteria. You’re more likely to be offered these discounts if you’ve reached a certain number of on-time payments or taken out a different loan with the same company. Albeit small, these discounts will get you out of trouble quickly. In addition, they will significantly lessen your balance when you look at the bigger picture.

Final Words

Taking out a student loan is a valuable way to go through college without paying expensive tuition fees, making education more accessible to everyone. However, you should constantly remind yourself that it’s not for free – it comes with high-interest rates that will grow exponentially over time.

To prevent paying more than you need, you should maintain a healthy relationship with money and pay your dues on time. And by following the tips in this article, you’ll be well on paying off your student debt on time.

Why School Performance Is Very Important For Your Child’s Future

It’s no secret that in today’s competitive world, a good education is a key to a successful future. A college degree has become essential for getting a good job and making a comfortable living. And while many parents do everything they can to help their children excel in school, some still struggle with the idea of homework and tests. They believe that their child should be able to just “wing it” and get by on natural talent alone.

But as any parent knows, success in school is not easy to come by. It takes hard work and dedication, and there are no shortcuts. The truth is that if your child wants to succeed in life, he or she needs a good education. And that starts with doing well in school.

Here are some important reasons why school performance is very important for your child’s future.

A well-rounded education

A good education isn’t just about learning to read, write, and do the math. It’s also about developing critical thinking skills, learning to solve problems, and understanding different points of view. A well-rounded education gives your child the tools he or she needs to navigate the world successfully.

For instance, consider the value of learning a foreign language. A child who knows more than one language will have a distinct advantage in our increasingly connected world. He or she will be able to communicate with people from different cultures and understand their points of view. This is an essential skill in today’s world and one that can only be learned through a good education.

You should strive to provide means, such as a good education, practice, and covering many bases. Whether these tools are 11 plus practice papers, or books from the library, the aim is to give your child a broad base of knowledge, understanding, and developing a well-rounded set of skills. These skills will serve him or her well in life, no matter what the future holds.

A successful future

There’s no denying that a good education is important for success in life. It opens doors to better job opportunities and higher salaries. And it sets the foundation for further education and training. But more than that, a good education instils confidence, discipline, and a love of learning. These are essential qualities that will help your child succeed in whatever field he or she chooses.

For instance, imagine your child is interested in becoming a doctor. A successful future in this field requires not only a good education but also years of hard work and dedication. But if your child has the discipline and a drive to succeed, he or she will be one step closer to achieving this goal.

Additionally, a good education can also lead to personal fulfilment. Your child will be able to explore different interests and discover new talents. He or she will also develop a strong sense of self-worth and confidence. These are essential qualities that will help your child succeed in life, no matter the path.

A love of learning

Also, a good education should be about more than just getting good grades. It should be about instilling a love of learning in your child.

When your child develops a love of learning, he or she will be motivated to continue learning long after school is over. This is an essential quality in today’s world, where change is the only constant. A love of learning will help your child adapt and thrive in an ever-changing world.

But, how can you instil a love of learning in your child? The best way is to lead by example. Show your child that learning is valuable and important. Encourage him or her to ask questions and explore new ideas. And most importantly, make learning fun. If you can do these things, you’ll help your child develop a love of learning that will last a lifetime.

Better job opportunities

In today’s competitive job market, a good education is more important than ever. Employers are looking for candidates who have the skills and knowledge to succeed in the workplace. And a good education is the best way to prepare your child for the workforce.

A good education will give your child the skills he or she needs to be successful in the workplace. For instance, he or she will learn how to communicate effectively, work well in a team, and solve problems. These are essential skills that all employers value.

Additionally, a good education can also lead to better job opportunities. Your child will have a competitive edge when applying for jobs if he or she has a good education. And they will be more likely to get promoted and earn a higher salary.

So, if you want your child to have a successful career, you should do everything you can to help them get a good education.

The respect and admiration of others

When your child does well in school, he or she will earn the respect and admiration of others. This is especially true if your child excels in academics or athletics. But, even if your child is just an average student, he or she will still be respected for their hard work and dedication.

Respect and admiration are important because they give your child a sense of self-worth. They are also motivated to continue working hard and doing their best.

On the other hand, there is a sense of accomplishment that comes with being respected and admired by others. When your child achieves success in school, he or she will feel a sense of pride and satisfaction. This is an important feeling that will stay with your child throughout their life.

Finally, you will feel proud of your child when he or she is respected and admired by others. This is one of the most rewarding aspects of parenting.

A good education is important because it provides your child with the skills and knowledge he or she needs to be successful in life. A good education can lead to better job opportunities, the respect and admiration of others, and a sense of accomplishment.

So, if you want your child to have a successful future, you should do everything you can to help them get a good education.

7 Important Things You Should Know About College Prep Schools

College prep schools are a type of secondary school. The term refers to public, private independent or parochial schools primarily designed to prepare students for higher education.

When you’re thinking about your child’s education, it’s easy to get overwhelmed. There are so many possibilities and a ton of contradictory education. You might have heard about preschools that prepare kids for college.

You might have also heard that kids in Finland don’t learn to read until the age of seven, and somehow they have the highest literacy rate in the world. The following will explore one element of education in detail: college prep schools.

What Is A College Prep School?

The term college prep school is actually a very broad term. It refers to any school that prepares kids for college. Of course, every school should prepare children for college, but talk to a handful of college students, and you’ll quickly find out that many felt unprepared when they showed up to college. Given the value of university education in our culture, a ton of schools, even elementary schools or preschools, are calling themselves college prep schools.

Look For Transferrable Credits

One fantastic way a child can take advantage of college prep schools is by taking advanced classes that count towards their college degree. Depending on what country you’re in, the terms for these courses might be different. You might be looking for IB (International Baccalaureate) classes or AP (advanced placement) classes.

Work Backwards

If there is a particular college your child is interested in, you can start researching prep schools by looking for schools that have established relationships with that college or with a large number of alumni who attended or work at that college.

Consider Private Boarding Schools

One of the types of schools that regularly carry the term college prep is a boarding school. These are often elite schools that are difficult to get into with a long history of graduates getting into top-tier schools like Ivy leagues and other highly-valued educational institutions.

Navigating private boarding schools admissions can be tough, meaning you might need to seek out help. It’s also worth noting that there is often tuition required in addition to admissions; some schools offer bursaries or scholarships to help with the cost.

Beyond this, some of these schools involve a boarding aspect which means your child will be away from you for a lot longer than you or they might be used to. Given the wide variety of personalities humans can have, it’s important to note that some kids thrive with more independence and space from their parents, but some kids don’t. Be sure to speak to your child about how they feel about living away from home. Many will jump at the chance, but all of them will value being consulted.

Consider Urban Charter Schools

Charter schools are public schools that function as if they’re schools of choice. They focus on specific educational objectives in exchange for a charter to operate the school. They can focus on non-college aims like sports or arts, but many do emphasise college preparedness for their students. They are often a middle ground between the public and private school systems; they cannot charge tuition or associate with a particular religious institution.

Don’t Skip Over Soft Skills

While most people focus on academics when it comes to preparing their kids for college, soft skills are vitally important as well. Soft skills refer to those abilities and techniques that help people thrive. Time management skills, stress management techniques, nutritional awareness so that your kid doesn’t live their first two years away from home in a perpetual sugar crash—there are a lot of non-academic elements involved in a successful college experience.

Adaptability, emotional intelligence, communication, critical thinking, initiative, digital literacy, the ability to work well in a team, leadership skills, creativity, and networking skills are all vital for success in today’s world. When looking into schools, pay attention to the ones that emphasise soft skills as well as knowledge-based developments.

Self-Care

Another vital aspect of success in today’s world where recent grads are microdosing and taking ‘smart drugs’ in order to code for 15 hours straight and get that promotion is self-care. If your child hasn’t learned how to set boundaries and protect themselves from burnout, college in this era and working in this era will devour them. Look for schools that emphasise wellness and have things like mindfulness and health within their curriculum.

The above information should help you filter through the many college prep options available for your child. It’s a good idea to discuss all of this information with your child and leave the floor open for their honest responses.

How to Find Courses With Internationally Recognised Certificates

Courses in education usually cover individual subjects. If you want to get ahead in your career, getting a certification can be considered a good start. But, in order to be able to get certified, you need to know where to find the course that suits your needs. This blog will look at the best places to find courses with internationally recognised certificates.

What certification do you need?

When you are looking at certifications, there are two types of credentials that you are looking for. First, there are certifications that will help you get a job.

These certifications are often referred to as industry, skills-based, or professional certifications. These, such as the certification for procurement, will help you demonstrate your knowledge of a specific technical or industry-related topic. Second, there are certifications that are not job-related.

These certifications are often called academic, academic-based, or academic-related. They are more about demonstrating knowledge about a specific subject and can be either career- or certificate-specific. If you are looking for an academic-based certification, you’ll need to do some research to find out what is available.

Finding the Best Courses Online

In order to find the best courses to study for your desired certification, you need to do a little research. If you know the certification that you want to get or are looking for international certification, you can research online to find the best courses to study for your desired certification. Search engines allow you to find the best courses from all over the world.

Certifications are important and can help your career in many ways. They can show that you have a skill set, or they can help you land a job. The problem is that they are time-consuming and expensive, and some of them are difficult to find online. If you are interested in finding internationally recognised certificates, it can be difficult. You must be willing to search for them online and not stop until you find a course that has what you are looking for.

Checking the Ranking of the Courses

You need to do some research in order to find the best courses with internationally recognised certificates. There are a few things you need to consider before you start looking for international certificates. If you plan to get one, you need to know what your goals are.

To find the best courses with internationally recognised certificates, you need to know the ranking of the courses. There are a few different ranking systems that you can use. The most common one is the Ordered Lists of Programs. This list contains the programs with the highest marks. The next best thing is the World Universities Rankings.

Compare the Costs/Quality Balance

To find a course with international recognition, you need to look at the cost and quality. There are courses that are not internationally recognised, but they are often more affordable and of better quality, so it would be a mistake if you overlook them and do not pay attention to all the benefits they may provide you with.

When you are looking at courses, look at the course’s reputation. What is the reputation of the course? The reputation of a course will help you to determine the course quality. For example, a course that has been around for years and has gained a reputation as a course that is high-quality will be looked at more favourably.

Making the Most of Your Certificate

There are many ways to make the most of your certificate. These are a great way to show off your hard work. They also allow you to work in a new country and get paid in that country. So, how can you make the most of your certificate? You could use it to get a job in your country, or you could use it to get a job somewhere abroad. You could use your certificate to get a job in a different field, or you could use it to get a job with a different company. Or, you could use it to get a job at a different company location.

Finding the best course for your needs can be difficult, but luckily, there are several things you can do to help you get the information you need. The first thing that you should do is decide what your goal is for your course. This will help you narrow down the list of courses. Next, it’s important to identify what you’re worth and what your current budget is. This can also help you narrow down your list. Lastly, you should identify what is important to you. This will help you decide which courses to ultimately apply to.

Prospects for Increased Scholarships for Students in 2022

Scholarships are a form of financial aid awarded to students to further education. Going through college is a costly period in anyone’s life. With average tuition fees in a state college of $26,290 and $35,830 in private non-profit colleges, it is clear that affording higher education in the US is becoming progressively more difficult. The fact that scholarship rising has over paced inflation in the past two decades only goes to say that more people are being left out of higher education than ever before.

Scholarships and grants, as well as aid programs aimed at college students in the US, can ease the financial burden, but only to an extent.

2022 Student Profile

As the average student profile changes, so do the financing options that are available to them. The stereotypical image of a student is that of a young person, fresh out of high school, eager to get a degree and join the work market in about 4 years. However, recent times have seen unprecedented changes in the student profile to the point that even school financing options had to be rethought.

In 2022, a quarter of students in US colleges are parents. 40% of students are older than 25. 65% of students work to help with high tuition costs. Unlike it was in the previous few decades, today, less than 15% of students actually live on campus. High costs of accommodation and limited work opportunities are a part of the reason why these changes can be observed. The University of Boston, for example, charged $11,000 for an academic-year length of accommodation in 2016, far higher than an average 18/19-year-old could ever hope to afford.

Recent developments, such as the COVID-19 pandemic have also taken their toll on the student body. As nearly 47 million Americans lost their jobs during the lockdown, and the Trump administration stalled the essential help for all Americans, it has become increasingly more difficult to afford school-related expenses during the lockdown. As most of the aforementioned working students are part-time employed in the hospitality sector, it is clear that the pandemic and following measures had a big impact on the student diversity in US colleges.

Kinds of Scholarships Awarded:

Public Scholarships

By far the largest contributor to the total student financial aid in the US, the public sector, has contributed more than $41 Billion in 2016 alone. That said, it is important to note that several billions of dollars go unclaimed every year. A part of the reason is information unavailability. Another part is students not being able to meet the criteria and deadlines.

Private Scholarships

Private scholarships in the US are awarded either through the alumni network or from funds given by private ventures and companies. With more than $7 million awarded annually, this form of scholarship is a significant contributor to students’ welfare and increasing financial security. An upward trend can be seen in this kind of scholarship giving.

Need-Based Scholarships

Need-based scholarships have emerged, in part, because they showed that the majority of students receiving financial aid and scholarships in the US were Caucasians. For this reason, scholarships based on one’s race and ethnicity were introduced as well. They are supposed to diversify the ethnic profile of US students and offer help to marginalised groups as well as those coming from communities facing financial hardship.

Athletic Scholarships

Although very pronounced in the public eye, financial aid to athletes in the US is offered only to 2% of US high school students. Some of these scholarships are offered to a single-gender only, which is a point of a common quarrel with public opinion. However, with over 170,000 scholarships awarded each year, this form of financial aid is prominent to this day.

Emergency Aid

As it goes, life is not a straight line and for many who are financially vulnerable (such as low-income students), it has become increasingly difficult to cope with sudden expenses and unplanned events. For this reason, an increasing number of short-term low-amount emergency aid options have become available. Scholarship America’s Dreamkeepers program and CARES Act for Coronavirus Relief are just some examples of these fast-paced financial relief options aimed at college students in the US.

Tuition Assistance

Tuition assistance is the result of private-sector efforts of increasing the number of highly educated people among their own employees. These programs add to the number of adults and employed who study in different US Universities. Regardless of the form of education (in-person or online), it has become a notable contribution to the rising education level of the US population.

Starbucks Tuition Assistance Partnership with Arizona State University has become a legendary example of this kind of tuition assistance. Under the program, Starbucks employees who decide to continue or pursue their education, have their tuition costs covered. For both students and employers, this kind of assistance offers a world of possibilities for aiming the employees in the direction of long-term development due to the company paying for tuition costs.

Alternative Self-Financing

Besides these financing options, it has become clear that a lot of active students work to be able to afford their education. Self-financing through part-time jobs has become a reality for many students. As time is limited in any study program, many students find sites at LetsGradeIt that offer creative wiring solutions and other forms of academic help. The hybrid model of education offers flexibility and much-needed free time to those who want to use it to reduce their student loans and exit college with less student debt than their peers.

Final Considerations

With a changing student profile and ever-increasing student debt and tuition costs, it is becoming apparent that the need to rethink higher education funding is more prominent than ever. With a variety of new forms of financing available to students, new possibilities open up and students, as one of the most financially vulnerable groups, are becoming protected in the face of daily issues. Keeping this in mind, we also observe the need to improve information availability for scholarship and student aid seekers, as large amounts of money dedicated for these purposes are left unused year after year.

Dianne Sherron

Dianne Sherron enjoys writing and always takes multiple approaches when working on any topic. Being able to observe a problem from a multitude of perspectives is the only way to ensure that the resolution proposed is as fair as it can be, she believes. In her free time, she loves reading books on sociology and watching Netflix docuseries.

The World’s Best Student Campuses

A student not only learns within the four walls of the classroom but also outside of it. A college’s campus is as important as other facets of a college. As the infrastructure of a university plays a crucial role in the development of a student, a lush green and spacious college campus with exceptional facilities is what students are focusing on these days.

Before applying to a college, whether it has a beautiful campus forms the basis of the decision for potential university students. There are a lot of things that make campus beautiful, but the splendid architecture and lavish gardens are some key things a student looks for.

Many of the world’s best universities are built in such a way that they represent the history of the city in which they are situated. Oxford University and Cambridge University are some examples of cases where a city has been made into a university campus. The United Nations Educational, Scientific, and Cultural Organisation (UNESCO) recognises many of the leading universities’ campuses as world heritage sites. Every building of an academic institute and its green space inspires creativity among its students and educates them about the rich heritage of the college.

Here are some of the world’s best college campuses having sheer beauty as well as highly esteemed programs for students.

Harvard University

Located in Cambridge, Massachusetts, USA, Harvard is a world-famous private Ivy League research university. Founded in 1636, its main campus is spread over 209 acres. The campus is nearly three miles from downtown Boston and is covered by the Harvard Square neighbourhood. The administrative and academic buildings, libraries, and dorms are all present on the main campus. Harvard University boasts magnificent architecture with a variety of buildings that represents the American heritage.

The university’s main campus on Harvard Yard, Cambridge, accommodates all levels of undergraduate students – freshman, sophomore, junior and senior undergraduates.

Oxford University

The University of Oxford is located in Oxford, England, UK. It is the oldest research university in English-speaking countries and the 2nd oldest university in the world. It is also said that teaching at the University of Oxford started as early as 1096. Spread around the whole city of Oxford are the university’s campus departments, administrative buildings, student dorms, and other facilities. Some widely popular university buildings include the Sheldonian Theatre and Radcliffe Camera. The university consists of 39 semi-autonomous colleges and 6 huge private halls. Not only is the campus of oxford university the world’s second-oldest, but it also has the oldest university museum in the world.

Additionally, it operates the world’s largest university press.

The University of Copenhagen

Founded in 1479, The University of Copenhagen is Denmark’s oldest university and research institution. Some perks of being a student at the University of Copenhagen are as follows.

  • The university is divided into four campuses, with all the campuses integrated into Copenhagen city. 
  • Given the fairly small size of each campus, it is easy to move across from one campus to the other. 
  • While staying on campus, students can live a city life as well and keep the streets of Copenhagen abuzz. 
  • The University of Copenhagen boasts a combination of medieval plus modern era architecture. 
  • The university campus has picturesque administrative buildings, drawing inspiration from historic structures as well as modern architecture. 
  • With the campus being in the heart of Copenhagen, the university receives all the benefits of vibrant city life. 

University of British Columbia

The University of British Columbia is one of the oldest public research universities in British Columbia, Canada. Established in 1908, this Canadian university has two beautiful campuses – one in Vancouver, and the other in Kelowna. It sports a humongous campus of 400 acres with the main campus at Point grey, around 6 miles from downtown Vancouver. The university ranks among the top 3 universities in Canada and is home to several gardens and research centres. The centre for plant research possesses about 8000 varieties of plants. The university campus is also surrounded by many beaches with a scenic view of the North Shore mountains.

The University of British Columbia has a very vibrant student life, with students coming from diverse backgrounds and partaking in activities and events across the year. British Columbia’s campus also has a Chan Centre for students to find an escape from the busy academic life and engage themselves in theatre and performing arts. However, it is easier said than done, as many of the students struggle with assignments and deadlines throughout the semester. Many services offer students an essay for sale that they can order as per their requirements hassle-free and allows them to pursue their other interests. This way, a busy student can have some time to explore the campus of their university and learn about its history.

Swarthmore College

A private liberal arts college, founded in 1864, Swarthmore College is located in Swarthmore, Pennsylvania. It is said to be one of the first coeducational colleges in America. The college campus is a mix of modern and gothic-style architecture, breathtakingly spread over 425 acres of land. What makes this college stand out from the rest is its hiking trails, an outdoor open theatre, and magnolia trees on campus. Swarthmore College’s green oasis is popular among students, tourists, and horticulture enthusiasts across the country.

The college campus is filled with lush green spaces, with more than a hundred types of roses lighting up the Dean Bond Rose Garden.

Final Words

It is a hard enough task to pursue higher education when the tuition fees are exorbitant. Moreover, it requires years of commitment and dedication. Henceforth, before applying to college, a student should make an informed decision by considering all aspects. No one would want to waste their time and money by going to a college they don’t like.

A college campus is said to foster creativity and innovation among students. It allows students to settle into their identities by providing them with the space they need to be who they are and find their calling. Choosing a college may depend on several factors but it is equally crucial to consider the campus a university offers. We have mentioned above some beautiful college campuses potential college students may consider from around the world.

Author: Diane Sherron

Diane Sherron has been in the content and research industry for almost a decade now. She has extensive experience in working with top companies across the world as a writer and editor. She enjoys traveling and exploring new destinations.