At The Scholarship System, one of our core beliefs is to avoid student loan debt or limit it to the lowest amount possible. While sometimes it can be inevitable, we always stress that there are two sides to graduating debt-free: reducing the amount of money needed and earning debt-free money to cover what you do…
Read MoreShould Students Use an Income Share Agreement to Avoid Student Loans?
Many students are striving to avoid student loans entirely. They use a combination of grants, scholarships, and savings to pay for school or choose less expensive colleges to stretch their education dollars. However, a new option for avoiding student loans is making the rounds: the income share agreement (ISA). Student loan debt is an epidemic…
Read MoreColleges That Meet 100% Financial Need Without Student Loans
When college students need to cover the cost associated with getting their degree, many assume that student loans are always part of the financial aid package. While many schools do include loans as a means of paying for their programs, there are also colleges that meet 100% financial need entirely loan-free. This means your child…
Read MorePersonal Assets That Can Help You Pay for College
Figuring out how to pay for your child’s college education can be daunting. If your student has a shortfall, then figuring out if any personal assets are viable options for making up the difference is wise. Even if your child could cover it with student loans, choosing to use certain personal assets to pay for…
Read MoreA Complete College Prep Checklist: High School Freshman and Sophomore Year
The road to college starts now! There are many things your student can do during their high school freshman and sophomore years to make sure they are ready for college and school years beyond. Since colleges look at your student’s accomplishments from ALL four years of high school, you don’t want your child to wait…
Read MoreA Complete College Prep Checklist: High School Junior Year
Wow, can you believe it?! Your student’s junior year already marks the halfway point of their high school journey and is a pivotal time. Colleges and universities look closely at their grades, scheduled courses, and activities when making admissions decisions. For both students and parents, it is imperative to stay on top of the college…
Read MoreWhat to Know Before Using Retirement to Pay for College
Most parents want to help their child pay for college. After all, a college education can help set them up for future success, and the cost of attending can be quite high. In some cases, this leads parents to consider using their retirement savings to help their child pay for college. This includes 401k withdrawals…
Read MoreHow Do Student Loans Work? A Step-by-Step Guide
The idea of paying for college is stressful for students and their parents alike. Add to that the complexity surrounding financial aid packets and how federal student loans work, and it’s no wonder many people feel overwhelmed. To help you navigate through these mysterious waters, and provide you with some peace of mind, here is an…
Read MoreCareers That Will Pay Off Student Loans
Student loans are a burden. They are often large debts, leaving borrowers saddled with massive monthly payments for years, even decades. And that’s what makes finding careers that will pay off student loans enticing. While it sounds like a thing of myth, these options actually do exist. There are careers that will pay off student…
Read MoreTop Choice College or Graduate Debt Free? How to Choose
Once the applications are processed and the acceptance letters roll in, it’s easy to get excited, especially if your child got accepted by their dream school. But, acceptance isn’t everything. Financial aid packages are usually quick to follow, detailing exactly what kind of support your student will receive while they pursue their education. And, just…
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