Undergraduate Financial Aid
Finding financial aid for undergraduate education can be a confusing process for
first year students. The good news is – undergraduates have many options available
to them to help pay for school. Undergraduate financial aid can come in the form
of scholarships, grants, work-study and loans.
If you are just beginning your search for undergraduate financial aid, be sure to
look for scholarships and grants first. Since scholarships and grants do not have
to be paid back, they represent the best kind of financial aid – free money. Additional
undergraduate financial aid can be found through work-study programs at many colleges.
With a work-study arrangement, students generally work on campus for money that
can be used to pay for tuition, room and board and other college expenses.
If you need additional undergraduate financial aid, you should consider federal
student loans and private student loans. Stafford loans are the best option for
students as they are guaranteed by the federal government, carry low fixed interest
rates and offer generous repayment provisions.
For those students in need of additional undergraduate financial aid, consider a
Think Student Loan. A Think Student Loan – a private loan not guaranteed by the
federal government – can be used to pay for tuition, room and board, books and a
computer. You can borrow up to the full cost of education up to a $250,000 lifetime aggregate
You can apply online or over the phone in approximately 15 minutes. And you can
get a credit decision in as fast as 1 minute.