Last year, a record number of students applied for AmeriCorps. Why? For some, the opportunity to serve others while learning valuable skills was enticing, but others joined for an entirely different reason. After completing just one term of service (12 months or less), they were eligible to have their student loan debt reduced by up to $5,500. Unfortunately, budget cuts have made it impossible for AmeriCorps and other service-based organizations to provide this opportunity to everyone who submits an application, but that doesn’t mean there aren’t other options available to students who want to reduce, or even eliminate, their student loan debt. Depending upon a student’s intended career field, he/she may be eligible for one of the many student loan forgiveness programs being offered through federal and state governments, or other organizations. Here are just a few of the programs currently available. Read the rest of this entry »
As student loan debt continues to climb, and more students face the challenge of paying for their degrees, our country’s leaders continue to look for creative programs to help more students gain access to college. In Florida, for example, Governor Rick Scott issued a challenge to the state’s college administrators to lower the cost of a bachelor’s degree to under $10,000 over four years. Although only a handful of colleges accepted the challenge, at least it’s a start. Unfortunately, students may not see any dramatic decreases in tuition anytime soon, but that doesn’t mean there aren’t other resources that can significantly reduce, or even eliminate, a student’s overall college debt. For those who want to attend college without going broke, these programs may just fit the bill. Read the rest of this entry »
“What do you want to be when you grow up?” How many times have you been asked this question? We start hearing it in elementary school, where we dream of being ballerinas, firemen or doctors. In high school, the question gets a bit more serious, as we face the decision of declaring a college major. If you find yourself at a crossroads, not quite sure of which direction to take, now might be a good time to conduct a little career evaluation and delve into some research on which careers might be best for you. Another thing to consider when determining your major, and ultimately your career, is the possibility of career scholarships and/or loan forgiveness programs attached to your fields of interest. Read the rest of this entry »
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