| - Preparation | | | | student loan, you can download a loan application. If |
| If you are considering acquiring a higher education is | | | | you have already applied for a loan, you can check |
| important to determine your needs and goals. Sallie | | | | the status of your application in Section checks the |
| Mae has collected the following information to help in | | | | status of your loan application. Do not leave college |
| this process. | | | | with excessive student loan debt. These tips may |
| - Selection of an educational institution | | | | help your student loan debt is manageable: |
| Learn to identify what you are looking at a | | | | - Borrow only what you need to cover the cost of |
| university, and choose the institutions that meet your | | | | your education. |
| educational and career goals. | | | | - Pays the interest on student loans as they expire. |
| - Admission | | | | - Enroll in a payment plan that allows you to pay |
| Submit applications to universities can be a stressful | | | | tuition in installments rather than make a single |
| experience if you're not prepared. Once you | | | | payment. Find out if your institution offers a tuition |
| understand the process, it is easier to plan your time | | | | payment plan. |
| and organize your tasks to send the application | | | | - Make a budget to control spending, includes |
| documents filled with the best possible way. | | | | education related expenses directly out of your |
| - Application for financial assistance | | | | pocket and living expenses, transportation, personal |
| Are you planning and preparing for the financial | | | | expenses and entertainment. Determines where the |
| responsibilities associated with attending college? The | | | | money goes and think about ways to reduce costs. |
| Sallie Mae Fund "Paying for College Seminars, | | | | Consider buying used textbooks, the use of public |
| workshops on how to pay for college, which were | | | | transport or school, eat out less often, and find a |
| conducted nationwide to educate high school | | | | roommate to share expenses. Before you buy |
| students and their parents about the responsibilities | | | | anything, ask yourself: "Do I really need this?" If you |
| related to loans. Visit The Sallie Mae Fund to know | | | | do not know the answer, you can usually decide not |
| when there will be a seminar in your community. | | | | to buy it. * Consider a part-time job. Plan your work |
| - How to get free money | | | | schedule does not suffer for your academic work |
| There are different sources of free money for | | | | e.g.: work study opportunities on campus. It is better |
| college that are available in the form of scholarships, | | | | to start looking early, as funds from the work-study |
| grants or military aid. Scholarships are an attractive | | | | programs are awarded on a first come first served. |
| way to pay for college because they do not have to | | | | - Determine how much debt you can pay student |
| be refunded. The key to finding free money is to | | | | loans, evaluating your future earnings. She tries to |
| start early and look thoroughly. With some basic | | | | make the monthly payments on your student loans |
| information, you're ready to begin your search for | | | | are less than 8 to 19 percent of your gross monthly |
| free money. | | | | income. |
| - Attendance | | | | - Get your degree course. As you lay your enrollment |
| Before applying your loan for education, consider our | | | | in college students accumulate more debt. |
| advice to reduce the cost of borrowing for college | | | | - Keep a file of your documents relating to student |
| and to minimize the amount of educational debt that | | | | loans and other documents related to financial aid. |
| you incur. If part of your financial aid package is a | | | | I hope these tips are useful. |