Continuing Education Loans
Continuing education generally refers to the type of education where adults who have left formal education resume their studies to complete a degree. Usually, continuing education courses consist of short or part-time programs. Continuing education programs are offered in a number of areas at universities across the country, ranging from formal personal enrichment courses to self-directed learning.
Financing a Continuing Education
With the ever-increasing costs of education, it is tough for most students to pursue their studies. Often, continuing education courses are more expensive than undergraduate degrees. The fact that most continuing education students have families to support, combined with the increasing cost of living, makes it even harder to afford a continuing education program. Fortunately, there are a number of financing options that allow adults to complete their education easily. For instance, Financial Aid for continuing education includes federal Pell grants and federal Supplemental Education Opportunity grants (FSEOG). These grants cover the costs of tuition, books and living expenses.
Applying for Aid
Students enrolled in continuing education programs who wish to apply for financial aid are required to fill out the Free Application for Federal Student Aid: the FAFSA. The FAFSA can be completed and submitted online via fafsa.ed.gov. Some educational institutions may require applicants to submit other applications, forms and supporting documents as well.
Alternate Financing Options
In some cases, federal aid may sufficiently cover all of your educational expenses. If this is the case, then you can always apply for a private student loan. Applications for continuing education loans are processed almost instantly and they come with flexible borrowing limits as well as several repayment plans. Before making a commitment, it is important to do your research and to read the fine print to ensure that there are no hidden charges or conditions that may make repayment difficult. By using our specially designed Student Loan Comparison Tool, you can view key information about different loans, such as interest rates, repayment terms and deferment options. You can also read reviews written by other students. This comparison tool can help you make an informed choice and select a loan that best matches your needs.
Is it hard to obtain continued education loans?
It is no longer hard to obtain a continued student loan, especially since private lenders have quickly caught on to this growing trend. Some of the most highly recommended continuing education loans on the market are offered by Sallie Mae.
How can I apply for financial aid for continuing education?
The application process for financial aid is the same at all levels of education. You will be required to fill out a FAFSA application, which can be accessed at fafsa.ed.gov, in order to provide details that determine need and eligibility for financial aid programs.