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This is a selection made from among articles on Chronicle Of Higher Education. For a permanent link to this article, or to bookmark it for future reading, click here.

EDUCATION LOAN

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An education loan can be used to help pay for college tuition, books, room and board, and other expenses that students may have during the school year. There are different types of loans that students can apply for including federal student loans, personal loans, and school loans made by colleges and other education programs. When a student applies for an education loan, they will have to fill out the correct paperwork and turn it in on time so that it can be processed. Some students will take out extra money so that they will have enough for their living expenses while at school.

After a student graduates, they will have to pay back their student loan. These loans have a lower interest rate which helps students afford the monthly payments. Student loans can be paid back over a longer period of time than other loans. An education loan can take ten or more years to pay back depending on how much the loan was for. Students will have a grace period in which they can find a job, and begin saving their money. If a student cannot begin to pay back their loan in this time, they can ask for an extension.

Most students who attend college will have an education loan to pay back. This is the only way that students can afford to go to college. Once they graduate and find a job, then they can begin to pay the loan back. If a student decides to go back to school at time during the life of the education loan, they can discontinue payments and begin to pay them again once they have finished.

In addition to an education loan, students can work to pay off their loans through work-study programs, by serving in the military, or by working with local charities. There are options for those who cannot qualify for a loan or that need more money than a federal loan can provide. Through these programs, students will get the money they need for college and will not have to pay it back because they will be volunteering their time while in college.

Many times parents will have to contribute to their children’s education costs. While it may not be much, it is expected that parents and children help to cover some of the costs including food, room and board, and books. This cost can be considerable for many families which is why some students elect to stay home while going to college. This can help save money and will require fewer loans to be taken out.


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Chronicle Of Higher Education News

Ohio higher education executive pay draws scrutiny - Springfield News Sun


Boston Globe (registration)

Ohio higher education executive pay draws scrutiny
Springfield News Sun, OH - Nov 19, 2008
... their private university counterparts, according to 2006-07 fiscal year figures published in this week's edition of the Chronicle of Higher Education. ...
U's president ranks 7th on list of university compensation Minneapolis Star Tribune
Presidents Want Higher Ed Funding Restored Montgomery Advertiser
California Baptist University Names Veteran Development Officer as VP MarketWatch
Jackson Clarion Ledger - Dallas Morning News
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UW President Emmert turns down a pay raise - Bizjournals.com


UW President Emmert turns down a pay raise
Bizjournals.com, NC - 4 hours ago
Emmert is the second-highest paid public university president in the country, making about $887000 annually, according to the Chronicle of Higher Education.
Layoffs, enrollment caps considered as colleges anticipate huge cuts Seattle Post Intelligencer
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Architect of Kaplan's Higher-Education Ventures Is Stepping Down - Chronicle of Higher Education (subscription)


Architect of Kaplan's Higher-Education Ventures Is Stepping Down
Chronicle of Higher Education (subscription) - Nov 19, 2008
It was under Mr. Grayer that Kaplan began its many ventures into higher education. In a 2002 an interview with The Chronicle, he explained that the business ...

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First public school blocks online gossip Web site - Knoxville News Sentinel


First public school blocks online gossip Web site
Knoxville News Sentinel, TN - 7 hours ago
According to The Chronicle of Higher Education, the move makes TSU the first public university in the nation to ban JuicyCampus.com. ...

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BCC leader to use raise for scholarships - Orlando Sentinel


BCC leader to use raise for scholarships
Orlando Sentinel, FL - 19 hours ago
Median pay for community college presidents is about $278000, according to the latest executive compensation survey by The Chronicle of Higher Education. ...

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