This Article is About
private student loans
major surgery
wasting time
student loan
Private College Student Loan
Join 1000's of Authors at StreetArticles Today!

Private College Student Loan

The cost of education is tremendous now days. I came out of college owing only a small amount on a loan from the University of Utah Financial Aid Office. I had the GI Bill for some of the time and I always worked part time jobs. My wife also worked.

Then Came Our First Son

My wife had our first son and he had major surgery the day after he was born. I left school and got a job in an industrial supply house. After a few days my department head at the University asked why I wasn’t in school. I told him and he told me to get back up there. So I explained to the company and they kindly wished me luck.

My department head sent me to the financial aid office, they were expecting me, they gave me a check for $1200.00 and I was back in business. I missed two weeks of school.

I’m not sure where the university got the money for my loan. It was not a private student loan. Usually a private student loan is a loan given to you by your parents which you never pay back. However, such loans are given out by individuals and foundations.

At Iowa State University

When I was a college professor I was on the engineering scholarship committee. I traveled around the country and got scholarships for the students in our department from companies. Rather than getting a private or federal loan, a student might go to his department head to see what scholarships are available. I at times contribute to engineering scholarships at the University of Utah. The advantage of a scholarship is that you don’t ever have to pay it back.

Then Came Federal Loans

Federal insured loans are pretty easy to get. They take forever to pay back. Since scholarships and private student loans are hard to come by, it might be better to find work at the college or university you are attending. My children or spouse all generated huge loan amounts from the government and foundations. Only my daughter spent less than eight years in college. Her spouse was in medical school at Southern Cal, a very expensive college. My two oldest sons were in med school and my third son was a Purdue in the veterinarian school. My youngest son, who is still paying through the nose, was in law school at Valparaiso, Indiana.

Earning Part of Your Education Money

Some people work off campus on on campus to earn money for college but it means moving from one place to another wasting time and energy. It might be better to find work that you can perform on your computer.

You can learn Internet Marketing and then be able to do it on your own terms. You can plunk your laptop down anyplace at anytime. The Internet never closes so you can always reach your work. I suggest this over a private student loan because it is inexpensive to start, you can sell other peoples products, and you have the potential of earning a very good income that may be used to pay all of your college expenses.

I know a number of young people who made there living by marketing on the Internet. One young man earned over $500,000.00 but he is no doubt a genius and adapted quickly to making money on the Internet. Not all are able to do that but it may be worth investigating. It will cost you nothing to see the Open Education Project in action and you can study the tutorials and use the tools for ten days at no charge to you whatsoever.

If you are thinking about Internet marketing, then realize that it is a business and not a get rich scheme. You also have to stay away from the gurus who are your competition and will drain you dry. You can tell the gurus by the sob stories they use to entice you.

Like any activity that is new, there is a learning period. You should join a community of like minded people who are up to date on Internet Marketing. You will need some special training and resources as given at Wealthy Affiliatr. But that can be better than a private student loan.

Fly Old Glory!

Street Talk

No comments present
You May Also Like
Private Student Loans
Higher Education in America has several financing options available to them, I am going to cover the Private Student Loans.which supplements Federal loans such as Perkins, Stafford, and Plus loans. They usually offer deferral and forbearance options. Only bad thing about these loans is that there fees vary greatly and…
By: Tommy Dillard  in  Finance  >  Student Loans   Jan 27, 2013  
  Likes: 3

Private Student Loans Without Cosigner- What Are Your Options?
In today's world, students are having to work harder and harder to find a way to afford higher education. While the costs of this education continue to rise unabated, even with the economic downturn, student's ability to pay for this college has fallen dramatically. Parental income has been decimated by…
By: Neal Coxworth in  Finance  >  Student Loans   May 30, 2011  
  Likes: 0

Steps to Get Scholarships for Pakistani Students In College
College and universities in Pakistan are major source to get technical and higher education. The national, multinational and international firms are looking to hire the skilled and experienced people to enhance the worth of their companies in the Pakistan. That’s the reason; number of employees from these companies goes to…
By: Emma Watson3 in  Reference and Education  >  Financial Aid   May 19, 2016  
  Likes: 0

The Insider on College Scholarships for High School Seniors
With so much information on college scholarships for high school seniors, you would think that at least the quality of information would improve but sadly that is not true at all. I know your frustration as a high school senior trying to pay for college despite being in a middle…
By: Luis Trujillo in  Reference and Education  >  Financial Aid   Mar 22, 2012  
  Likes: 1

Getting Scholarship Money In Difficult Times
In some cases, free money for college is available for students who are in deep and difficult circumstances. Do you find yourself in unbearable financial circumstances because of an illness in your family or something similar? If so, you can get help from your college. Chances are good that money…
By: Luis Trujillo in  Reference and Education  >  Financial Aid   May 14, 2012  
  Likes: 0

Vocational Schools for Military Service Members And Spouses
When people join the military or get married to someone in the armed forces, they don’t just accept a profession or person, but a way of life. They prepare themselves for a life on the move knowing that every three years they’ll have to leave all that they’re familiar with…
By: Nancy Higgins in  Reference and Education  >  Financial Aid   Jul 12, 2012  
  Likes: 0

The Crick, A Tale Of Boyhood Long Ago
Author's program note. It's funny how memory works. One minute you're thinking about the next article you must write regarding the still unsettled events in Kiev, the possibility of civil war and a first rate crisis of universal concern and gnawing anxiety, a real humdinger. The next, your eye having…
By: Makowski Piotr Dariusz in  Reference and Education  >  Financial Aid   Jan 21, 2016  
  Likes: 0

How Can A Child From A Disadvantaged Family Grow Up To Lead A Different Kind Of Life?
If you read the recent Gonski report on education funding in NSW you will notice that a lot of time and energy is spent considering how to improve the lives of children from so-called disadvantaged backgrounds. The report suggests that the key is to increase funding and resources to schools…
By: Tonette Watson in  Reference and Education  >  Financial Aid   Mar 27, 2012  
  Likes: 0

Online Jobs for College Students for College Expenses
College and university students are often looking for enough income to pay for tuition, boarding, food, books and supplies. Some find work on campus, some find hourly work in the community but most do not know about online jobs for college students. When I went to college I had the…
By:  in  Reference and Education  >  Financial Aid   Apr 18, 2012  
  Likes: 0

5 Great Festive Charity Gifts
Let's not beat around the bush here, Christmas is just around the corner whether you like it or not! But this year, why not give an interesting and innovative charity gift instead of the usual socks and shower gel? The money you spend on a charity gift goes directly to…
By: Jameson1 in  Reference and Education  >  Financial Aid   Oct 19, 2012  
  Likes: 0

Veterans Aid And Attendance Pension Benefit
What Benefits are included in the Improved Pension Plan? Less that 25% of Veterans that may be eligible for the 'little known" benefit more commonly referred to as "Aid and Attendance" are receiving the benefit. Those numbers are not any better for surviving spouse of those veterans. Only 17% of…
By: John122 in  Reference and Education  >  Financial Aid   Mar 20, 2014  
  Likes: 0

Did You Know - You Can Write Grants
I have recently been talking about writing grants a lot. Since I gained the knowledge about this, I have pretty much spread the word to everyone I know. This is not something I usually do. But, because I have had such good luck and an overwhelming response I chose to…
By: chris38 in  Reference and Education  >  Financial Aid   May 23, 2012  
  Likes: 1

Dealing With Creditor Calls
How to Stop Collection Calls Are you dealing with creditor phone calls night and day and getting totally stressed out? I am going to suggest some methods to dramatically reduce or even stop these calls. You need to know your rights and let the creditors know you know! Here is…
By: PaulT in  Reference and Education  >  Financial Aid   May 21, 2013  
  Likes: 4

Article Views: 1609    Report this Article