Welcome to Business Education
Oklahoma Business Education Teacher Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Common Types of Financial Aid
from:Deb St. George, on Financial Aid in your Business Education Guide From BusinessNewsDirectory.com
If you are planning to attend college or the parent of a child you hope will attend college, I'm sure you are concerned over how you are going to be able to afford the process. A college education in many cases is a significant investment. The good news is that there are many options for the average family when it comes to paying the high costs involved in higher education.
Types of Financial Assistance for Educational Expenses
Scholarships. You will find that scholarships come in many different shapes and sizes and have all kinds of strange requirements in order to qualify to receive them. Some are based on need while others are based on merit. You will also find that there are many community and faith based organizations that offer scholarships in addition to certain corporations that offer scholarships in a gesture of good will to employees and the children of their employees. These are an excellent source of educational funding, as they do not need to be repaid.
Federal Pell Grants. This is another financial aid source that doesn't require repayment. However, you must qualify based on need in order to receive this particular type of college assistance. You can only obtain a Pell grant if you are an undergraduate college student who has not yet earned a college degree. There is a formula that is used to determine the amount of award for which you are eligible. This depends greatly on your means as a family and how much you can realistically expect to contribute towards the cost of your education.
Loans. This should be used as a last resort when it comes to paying your college expenses, as this is money that must be repaid with interest. There are several types of loans that are available and you should consider carefully and weigh your options before taking out a loan. However, if this is the only method you have for covering the cost of your tuition it will be money well spent once you've managed to repay the debt.
1) Student loans. There are three different types of student loans: subsidized, unsubsidized, and Perkins loans. You must qualify in order to receive an unsubsidized loan, which will put off your interest accumulation until after graduation or you cease to be enrolled the minimum number of hours. You do not however, need to qualify in order to receive an unsubsidized student loan, which will begin accruing interest immediately. If you happen to be in exceptional financial need you can apply through your university for a Perkins loans. These are low interest loans that must be repaid to the university.
2) Parent Loans. These are commonly referred to as PLUS loans (parent loan for undergraduate students). These loans allow parents to borrow the money required to cover the costs of education that are not covered by other means of financial assistance. Repayment on these loans begins 60 days after the funds are transferred and can take up to 10 years.
3) Private loans. These loans are not guaranteed and are solely credit-based loans. They do not however, have the same limited scope that government loans have and in many cases can help bridge the gaps in actual educational expenses and the amount of money that you are allowed to borrow through traditional financial aid opportunities.
Before signing up for any particular sort of financial aid it is a good idea to see a financial aid counselor at the university you are planning to attend. They will have the best information about what steps you need to take in order to apply for financial aid at that specific universities and unique scholarship or grant opportunities that might be available to you through your state or the college. Higher education is a dream that is definitely worth having. Do not allow financial limitations to keep you from your goal if possible but enter into all financial arrangements with great caution and thought.
Oklahoma Business Education Teacher News
Obama Frees 10 States From “No Child” Education-Testing Rules - BusinessWeek
 Boston.com | Obama Frees 10 States From “No Child” Education-Testing Rules BusinessWeek “We can combine greater freedom with greater accountability,” Obama said at the White House before an audience of state education officials, teachers, civil rights and business leaders. “Each of these states has set higher benchmarks for student ... White House statement on No Child waivers granted to 10 states, including Georgia Sans Congress support, President Obama paves way for education reforms |
Cher's father dies in Oklahoma City - NewsOK.com (blog)
 NewsOK.com (blog) | Cher's father dies in Oklahoma City NewsOK.com (blog) World War 11 interrupted his college education; he enlisted in the Army Air Corps and became a bombardier on B-24s in the Western Pacific arena, accumulating 35 missions and surviving “ditching” his airplane into the ocean after a bombing mission. |
Coach President and COO Jerry Stritzke details company's success in the global ... - NewsOK.com
Coach President and COO Jerry Stritzke details company's success in the global ... NewsOK.com Stritzke, a Stillwater native and Oklahoma State University graduate, spoke during a luncheon sponsored by OSU's Spears School of Business. BY JENNIFER PALMER jpalmer@opubco.com Leave a comment The popularity of Coach handbags can be attributed in part ... |
Candidates seek to finish term on Tahlequah Board of Education - Muskogee Daily Phoenix
Candidates seek to finish term on Tahlequah Board of Education Muskogee Daily Phoenix “They did a good job preparing me for Oklahoma State University and University of Tulsa, and I have a son and daughter in the school district,” Berry said. “Dissatisfaction is an issue among some Tahlequah teachers.” Young, 60, said he had wanted to ... |
CrossTec Corporation & Lab Resources Kick Off the TCEA 2012 Conference in ... - Houston Chronicle
CrossTec Corporation & Lab Resources Kick Off the TCEA 2012 Conference in ... Houston Chronicle CrossTec Corporation and Lab Resources, Inc. are kicking off the Texas Computer Education Association (TCEA) 2012 Convention today in Austin, TX to show teachers, IT managers, and educational leaders how to implement some of the most advanced 21st ... |
New Hampshire's Right-To-Work Bill Is Not A Job Creator, Critics Say - Huffington Post
New Hampshire's Right-To-Work Bill Is Not A Job Creator, Critics Say Huffington Post Yet, many experts, business owners and promoters of economic development say that the proposed legislation would be unlikely to create jobs or persuade new businesses to open in New Hampshire. In fact, some say, it could hurt the state. |
Business Calendar: Feb. 16-March 28 - Brookfield Elm Grove Now
Business Calendar: Feb. 16-March 28 Brookfield Elm Grove Now "Whole Picture Marketing": Learn to define your marketing goals and incorporate traditional and online marketing tactics during this Small Business Education Series course through the Wauwatosa Chamber, West Allis/West Milwaukee Chamber and UWM Small ... |