Jun 15, 2015

Paying for College: Options if Scholarships Aren't Enough

It's crazy how much our world has changed in just a few generations. My parents were both first generation college graduates, but when it came time for me and my sister to think about colleges, we thought more about which college than whether to go to college.

Positions that used to be filled by high school grads, like secretary, nurse, personal assistant, etc., are now being filled almost exclusively by college graduates. As more and more people go to college, it becomes more and more necessary for a lot of careers!

Unfortunately, one thing that isn't becoming more accessible about college is cost. School is expensive, so much that over 50% of students say cost impacted their college choice!

Fortunately, there are options for those of us who don't have a college fund from our parents. Scholarships are great if you can get them, as are loans. But even if you can't finance your education with 'free money' you don't have to give up. There are actually some really decent loan options out there!

Let's take a look at a headache-free way for even a personal finance newbie to pay for a college education!

College Ave Student Loans is perfect for those of us who don't know much about loans and just want a good, low-interest loan to pay for school so that we can focus on the important stuff: learning!
College Ave Student Loans is an online marketplace lender with a sole focus on student loans. That their specialists means that they really know student loans in and out and can help you find the particular plan that works for you with your financial and academic needs! From the easy application to the straightforward repayment plan, College Ave Student Loans is user-friendly and offers competitive rates and the most repayment options on the market today.

Do you live on your phone? With College Ave Student Loans, applying for money for school can be as easy as window shopping on Instagram. With their new mobile-friendly application, you can get a loan decision in less than three minutes. That's less time than it takes to get a venti caramel frappucino for those all-nighters that we all love to hate during final exams!

If you're someone who likes to know what you're working with before you even apply (like me) College Ave Student Loans has you covered, too. The new credit pre-qualification tool and student loan calculator tell you both whether you pre-qualify for a loan and what rates to expect! It's no risk.

Best of all, the student loan calculator shows you the total cost over the life of the loan, as well as how you can save by making payments during school and paying the loan back in fewer years. 80% of students say they don't have a plan for how to repay their student loans, so I love the transparency here to try to help combat that!

With no origination fees or prepayment penalties and coverage of up to 100% of your school-related expenses, these loans aren't trying to fleece you.

Since they're trying to make paying for school easier, College Ave Student Loans is even giving away scholarships and other great student-friendly prizes to Instagram-savvy college students! The #CollegeGoals Instagram scholarship contest, running now through June 30, lets you share your college goals for the chance to win a $5,000 college scholarship, $50 Chegg textbook credits, and more! Find details on how to enter here.

A college degree is yours for life and you learn so much in college, in and out of the classroom. Don't let cost keep you from getting your degree!

Thank you to College Ave Student Loans and Her Campus Media for partnering on this post! All words and opinions are my own.

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