Are Online Degrees Eligible for Student Loans?
Nowadays everything is done online. Be it education, business or marketing slowly things are catching up the internet way. Most of us wish to get a college degree but due to personal circumstances we are unable to fulfill our wishes. We take up a job and start earning to make ends meet. Some of the lucky few are recognized for their efforts at their job and the employer pays for their higher education. The dream of college degree remains a dream and somewhere along the way we lose interest in life. Not any more. Online degrees can help fulfill your dream to become a graduate, post-graduate or even a PhD. Many colleges offer their courses online.
The major advantage of online education is you can work as well as earn. Most of the accredited universities and colleges are offering online degrees. It could be under a graduate program, MBA or post-graduate studies, you can get online degrees from reputed universities online. And the good news is you can also get student loan for the same.
Though the loan criteria for online degree is the same as attending college campus, the college you have selected should be accredited and recognized by the lender. The rest of the procedure is the same. You need to have a minimum GPA in high school of a 3.0 or more. Also filling out a FAFSA and the income of family members, if they are sponsoring you, should be furnished. Remember to give truthful data in the application form. It is deeply scrutinized and if there are any errors your loan will be rejected.
Another advantage of online degree is you can cut a lot of expenses so that your loan amount is kept at a minimum. Traveling to college and expenses for living on the campus are some of the expenses you can avoid. Also online lessons can be stored in your computer rather than buying stationary.
Now with everything going online the Federal Government has recognized online colleges. Before 2006 online degrees were not eligible for student loans. But now Federal Stafford Loan, Perkins Loan and Plus Loan are offered for online degrees also. This is a great way to learn while you earn. Also, women who are pregnant and are on maternity leave can use their time by getting an online degree. This is a double whammy as you are at home taking care of yourself as well as the baby (once it arrives) and you are making use of this time to educate yourself.
Degrees earned from online colleges carry the same weight as traditional institutions, so there will be no difference in your degree. All companies recognize these degrees. So get online and start finding the college that you wish to study at and the course you wish to pursue. You can find all the information you are looking for on the internet. So, start applying now.
Nick Samuel has quite a bit of student loans and enjoys teach other about the pros and cons of getting them for their education. Check out his latest website on a consolidating student loans [http://www.consolidatingstudentloans.net/] and on trying to consolidate federal student loans [http://www.consolidatingstudentloans.net/consolidate-federal-student-loans/]
Article Source: http://EzineArticles.com/5967337
The major advantage of online education is you can work as well as earn. Most of the accredited universities and colleges are offering online degrees. It could be under a graduate program, MBA or post-graduate studies, you can get online degrees from reputed universities online. And the good news is you can also get student loan for the same.
Though the loan criteria for online degree is the same as attending college campus, the college you have selected should be accredited and recognized by the lender. The rest of the procedure is the same. You need to have a minimum GPA in high school of a 3.0 or more. Also filling out a FAFSA and the income of family members, if they are sponsoring you, should be furnished. Remember to give truthful data in the application form. It is deeply scrutinized and if there are any errors your loan will be rejected.
Another advantage of online degree is you can cut a lot of expenses so that your loan amount is kept at a minimum. Traveling to college and expenses for living on the campus are some of the expenses you can avoid. Also online lessons can be stored in your computer rather than buying stationary.
Now with everything going online the Federal Government has recognized online colleges. Before 2006 online degrees were not eligible for student loans. But now Federal Stafford Loan, Perkins Loan and Plus Loan are offered for online degrees also. This is a great way to learn while you earn. Also, women who are pregnant and are on maternity leave can use their time by getting an online degree. This is a double whammy as you are at home taking care of yourself as well as the baby (once it arrives) and you are making use of this time to educate yourself.
Degrees earned from online colleges carry the same weight as traditional institutions, so there will be no difference in your degree. All companies recognize these degrees. So get online and start finding the college that you wish to study at and the course you wish to pursue. You can find all the information you are looking for on the internet. So, start applying now.
Nick Samuel has quite a bit of student loans and enjoys teach other about the pros and cons of getting them for their education. Check out his latest website on a consolidating student loans [http://www.consolidatingstudentloans.net/] and on trying to consolidate federal student loans [http://www.consolidatingstudentloans.net/consolidate-federal-student-loans/]
Article Source: http://EzineArticles.com/5967337
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