Tag Archives: money
Becoming a student brings many challenges with it, but perhaps none greater than the issue of finance.
Getting used to living alone, trying to budget for food, accommodation, and a social life, while also getting to grips with your studies can feel like a huge mountain to climb, especially if you have no financial support.
If you have bad credit, it can feel impossible to get a grad student loan to help you through your college life, but it does not have to be this way.
Getting a student loan with bad credit and without a cosigner
In order to receive student finance from many companies, especially if you have bad credit, you will need a cosigner, someone who can act as an insurance policy on your loan. Unfortunately, not everyone has access to someone with a good enough credit history to cosign a loan for them, and that can lead to serious financial difficulties.
With modern technology being where it is, sites like Student Loan Corp can give you information and assistance with no cosigner student loans.
This is the best way to get student loans for those with bad credit, and without someone who can cosign their application.
Managing your money
Obviously, a bad credit student loan is a risk, like any other loan, but as long as you are sensible with the way you manage the money you receive, you can ensure that you get the help you need from your student loan, without any problems arising.
There are two main points of focus when it comes to money management.
- Prioritize – Your college years are as important for personal growth as they are for your career opportunities, so, obviously, you should maintain a social life, but be sure not to let this become a financial burden. Pick certain events that are affordable, and make sure you have budgeted for all food and bills for the week before deciding what to do.
- Plan – Spontaneous ideas are great sometimes, who doesn’t want to take an unplanned road trip to the beach every once in a while, but aside from such moneys, the more meticulously you plan where your money goes, the further you will find it stretches. From food and bills, to social occasions, sporting events, to Christmas and birthday presents, every time you can plan where money is going to go, do so, then you are less likely to have to deal with unexpected surprises.
Related: Student Loan Calculator
Having bad credit does not have to mean you will not get approved for student loans, not with services now available for those with bad credit and/or no cosigner.
Graduate studies are vital for many people around the world, and the financial difficulties of your past should not keep you from yours, and now they will never have to.
You might also enjoy: How to Save Money in College
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With in-state tuition for public universities approaching $10,000 these days, and other costs like housing and books escalating in lockstep, it has never been more important for students to save money while at school.
While it is easy to just use credit to charge all these expenses, the bill will come due someday soon, so you owe it to your future self to not cripple yourself with an unmanageable debt load. As such, here are five ways students can save money so that they can give themselves a brighter financial future, as well as more disposable income for the important things in life.
And video games.
1) Take on roommates
While you might crave privacy after 18 years of living at home with your parents, the unfortunate reality is that college is more expensive than it ever has been. The good news is that you get to choose who you are sharing a living space with, making for a living atmosphere that will be much more lively than if you were to go it alone. This will divide your house or apartment rent to a level that will allow you to enjoy a diet that consists of more than ramen and water.
2) Cook meals with friends
When you share a house with friends, another opportunity to save your precious cash presents itself. Instead of cooking meals individually, you can take turns making meals for each other. This will require coordination when it comes to shopping at your local supermarket, but once you settle into a groove, you will be spending less per person, eating better than you would individually, and the kitchen will be less crowded. So much win!
3) Order as much as you can online
The internet age has made our lives so much easier, with no better example than online shopping. Why burn gas and time running all over town to buy the things you need for school and life when you could just click a few buttons and wait for it all to come to you?
If you want to save money on school supplies, this is the perfect way to do things in 2015, as many coupon sites allow you to spend even less than the already reasonable prices listed, and with many deals waiving shipping charges, you can spend the time you just saved playing Call Of Dut- … er, I mean, studying for that stats term paper coming up. Yeah, that’s right.
4) Have house parties instead of going out to the bars
With prices for booze escalating with every passing year, going out to the bars is a fun pastime that composes an ever-larger chunk of student budgets. While heading out to a venue out on the town is always a great time, the whole point of drinking is to have a killer time with your buds.
Why can’t you do that at home at least some of the time? Buy a 30 pack of PBR or Natty Ice, organize a playlist of awesome tunes from your totally legal song collection, and enjoy the fact that you can socialize without having to pay a $10 cover charge for the privilege.
5) Buy used textbooks
These days, it’s estimated that students in some faculties will have to shell out more than $1,000 for books per semester. This is truly insane, and while books have new editions every six months or so, they often change so little that students can buy them off each other for much less than what it cost new.