Student Loan Help

The more you know the farther you’ll go!

Here’s a look at earnings by educational attainment of the population 25 years and over according to the U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplement.

Over a lifetime a person with a B.A. will earn nearly double that of someone who is a High School graduate.

Of course it is expensive to go to school. If it was free I think most of us would go. Here are some suggestions on helping to reduce the cost of education.

Lower-cost schools: If you are looking to obtain your B.A. than you may want to consider a two-year community college before transferring. Community colleges tend to a lot less expensive.

State Higher Education Agency: Contact your state Higher Education Agency about any aid program or scholarships sponsored by the state.

Tax Breaks: The interest accrued on your school loans is tax deductible. The maximum credit is up to $2,500. You may also qualify for the Hope or Lifetime tax credit.

Scholarships: Pay with someone else’s money. We have a great scholarship search engine you should browse and we even give out monthly scholarships here with nothing more than signing up required. No essays, no merit, just signing up!

Federal Loans: It is always best to obtain federal loans over private student loans as the benefits and interest rates tend to be more favorable to students and parents.

Go exercise that mind of yours; you’ll be making more benjamins in the long run!