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Return To College Article Archive   Search the Article Archives How To Finance Your Way Through College By Marc Lindsay Choosing which college to go to is not as hard as figuring out how much money youll need and where youre going to get it from. Now if you come from rich family than you might have your college funds tucked away in a bank however if youre like the rest of us then youre going to worry about where youll find your college funds from. If youre thinking of studying and getting a part time job to cover your college fees, you should really think again. How can you get top marks and stay up late at night working at restaurants or retail jobs? Getting A College Loan. You can always apply for a college loan to help you with your annual fees and expenses. However youll need to consider a few things before you get yourself a college loan. Firstly you have course fees, books and equipments. Then you have living expenses, rent, food, social life, and it goes on. Once youve figured out how much you need look for the best college loan you can find. Federal Loans For Students. If you apply for a federal student loan youre entitled to apply for a subsidized or unsubsidized loan. Subsidized loans are really helpful because the government will pay for all the interest that you accumulate on your student loan. However to apply for a subsidized loan you need to prove to the government that youre in desperate need of a loan and you have no financial help. Last but not least unsubsidized loans are available for anyone. Can I Get More Than One Loan? Yes you can get as many college loans as you want but youll have to pay them back. The trick is not to get too many loans however if youve already got more than one loan then you should know that youre repayments are very high at the moment. For everyone who has more than one student loan, there is a way to save money on your repayments. Its called Consolidating your student loans. To consolidate your student loans youll need to talk to a lender who specialises on the topic. How it works is really simple. When you consolidate your student loans, youre putting all your loans with different lenders and combining them with one lender. Can Consolidating My College Loan Save Money? If youre monthly repayments is around $250 at 5% interest, once you consolidate your loan you can save up to 50% of your repayments. So youre new repayments should be around $130 a month. You can also take up to 20 years to pay of your newly consolidated college loan. Now you know the risk and rewards of consolidating your student loans, your financial future is up to you. Good luck with the rest of the year and I hope its a profitable one soon. Student Loans and Consolidate Student Loans information, reviews and tips to help you with your student finance.

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