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How To Fund Your College Education Expenses
By Jon Arnold
Category: Education
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You have read the brochures, you have made your college choice, now comes the tough part of determining how you are going to pay for your college education. If you are like most students, you are not independently wealthy and so you start looking at student loan applications. This is the way that the vast majority of college students fund their college education. But there are multiple things to consider in this scenario which indicate that although this may be the easiest way to finance it, it may not be the best way, and you will not know that unless you have investigated the options. A recent news article stated that most college financial aid offices maintain a list of preferred lenders. These are lenders who have worked out something with the college to make the loan application process and loan approval process as easy as possible, both for the student as well as the college accounting office. But this article encourages students to look beyond the list of preferred lenders that the college provides, since from a total and overall financial aspect, this may not be your best option. One of the things stated in this article is that some of these lenders are so desperate to get on this preferred list that they add certain "sweeteners" to the college administrators in return for being put on this list. These sweeteners include things like stock options and all expense paid vacations to exotic destinations. While that is certainly not the norm, there is no way for you to determine which ones may have done this simply by looking at the list of potential lenders on the college’s preferred list. The sad thing is that although these companies are on the preferred list via these tactics, that fact means nothing in terms of the value or expense of the loan they are providing.
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