Comparing College Loans & Scholarships

 

Two primary financial assistance programs for college students are:

  1. Scholarship programs
  2. Student loans

To help understand the difference betwen a college scholarship program and a college student loan:

  Scholarship Loan
     
Repayment Repayment not required Paid back based on term of loan - and with interest
Needs Based Yes Not completely
Merit Based Yes No
Special Programs for ethnic and cultural groups Yes Not common
Can transfer to another college Not often Yes
Depend on maintaining grades Yes No
     
     

 

Finishing your college education and getting your degree diploma is a major achievement in anyones life. It would be a great advantage to be able to achieve this with a scholarship rather thah student loans, avoiding years of repayment schedules that constrain other choices in your life for many years,

 

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College Finance Index | Grants & Scholarships | Comparing Loans & Scholarships | Federal Pell Grants | Parents Guide to Application | Christian College | Athletic Scholarship | Hispanic Scholarships | Scholarships for Black Americans |

Also See: Student Loan Consolidation
 
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