Financial News & Information.

April 14, 2009

How to get student loans in a rough economy

Filed under: Uncategorized — admin @ 5:17 am

Are you a college student searching desperately for ways to get cash for college? Such is the state of the economy these days. It seems like everybody is cutting back these days, except the universities. College costs have been outpacing the rate of inflation for many years now.

So how in the world do you get cash for college to finance the rising costs of education? Well, you can look to the government to help you out. You can apply for loans, grants, scholarships, etc. If you’re lucky, you might get free money to pay for part of your school, but most of the help you get from the government will come in the form of loans you need to pay back.

Loans may be a short-term solution to get cash for college, but in the long-run, they will be a big burden around your neck. Many people graduate from college these days with $50,000 to $100,000 in student loans.

The worst part about it is that it will take years, maybe decades to pay them back with an average starting salary out of college of about $25,000 per year-if you’re lucky enough to get a job in the first place.

You can help offset your need to get cash for college by getting a job. The problem is, jobs are not so abundant like they used to be. If you’re able to get one at all, it will hardly put a dent in your ability to get cash for college.

More likely, you will be working some minimum wage job with a boss you hate and hours you don’t like. This will put a big burden on your time as you try to balance schoolwork, your job, and your social life. And at the end of the day, the money you make will hardly put a dent in your need to get cash for college.

So what is the solution to get cash for college in today’s tough economic times? The answer may be staring right at you. That’s right, the internet. Until now, you’ve probably used the internet for playing games, chatting with friends, generally just hanging out. Did you know that you can use the internet to make money too? It’s true.

Now, granted, there are a lot of scams out there and you need to be careful and do your proper research, but the internet is full of people from all walks of life making a full-time living and beyond- and it is the perfect way to get cash for college.

Today, hundreds of millions of people use the internet, and many people buy stuff there. Even if you don’t have your own product, you can become an affiliate for one of hundreds of thousands of other people’s products and earn a commission off of every sale.

Done correctly, this constant flow of commissions can help you get cash for college that may even be enough to cover all your  tuition as well as living expenses. The sky is the limit on the internet- as you will soon find out. It’s up to you to grab your piece of the internet pie and learn how to get cash for college.

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