Mississippi Student Loans

student in mississippiStudents who want to pursue a higher education may not be able to afford a program on their own. Such students need not worry, as they can find a number of financial aid programs that can help them have money for tuition as well as related expenses. The U.S. government offers financial assistance in the form of grants and loans. Mississippi State offers financial aid as well, including awards like grants, scholarships and loans. Universities and colleges also offer scholarships to students. Some scholarships are also offered by professional organizations and businesses.

Grants and Scholarships

Grants and scholarships make one of the best Mississippi financial aid programs, as they do not have to be repaid. Students can obtain these funds on the basis of need, merit and a number of other criteria. Some popular grants and scholarships include Pell Grants and the Federal Supplemental Educational Opportunity Grant. William Winter Teacher scholarship/loans, Mississippi scholarships and Summer Developmental Program grants are some other awards available for students at this state.

Student Loans

Student loans are another great Mississippi State financial aid option. Through these funds, students may obtain money for college on simple terms and conditions. Unlike grants and scholarships, students must repay the money they get from this financial aid program. Federal student loans include Direct and PLUS loans. The rate of interest on these loans is very low. Private student loans are also available for students in Mississippi, but their rate of interest is higher compared to federal student loans. Students who have exhausted all of their financial aid options and still need funds for their educational expenses should opt for private student loans. As their rate of interest is higher than other loans, they should a last resort option.

Work-Study Programs

Students who want to procure money so that they pursue a program in Mississippi State may obtain work-study. Through these financial assistance options, students may find employment and work to make money to manage their expenses. By getting a part time job, students can easily make money for their tuition or related expenses without disrupting their classwork.