Online Degree
Online educational program has given distance education and learning a new dimension. Originally conceived for those who cannot make it to the regular colleges, it has now become a tough competition to on campus colleges .With the growing technological advancements online education has become more effective and efficient in delivering education. So much so that even students who will otherwise opt for a regular study now prefer online degree programs. Several colleges have come offering education online. Some of the renowned campus colleges are also offering online degree programs to supplement the educational needs of their students. Online education has grown beyond all physical barriers and offers education to the whole world.
Financing your Online Degree
One of the most important aspects of online degree program is finance. All of us are familiar with student aid programs available to students opting for a course of study in regular colleges, online students are certainly not deprived of it. With growing popularity and preference for online, both government as well as private agencies has come forward to offer financial assistance to students pursuing online educational programs.
Federal Students Aid Program
It is important that online colleges participate in Federal Student Aid Program. Coming to this issue, there is an interesting article at StudentLoanNetwork which has some important information in this regard. Schools such as Walden University, Kaplan University, American Intercontinental University, Capella University and Grand Canyon University come under Title IV certified schools participate in Federal Students Aid Program and hence offer federal financial assistance to students. In order to qualify for federal aid program the student should make a FAFSA application with the details of schools you intend to apply. A copy of the details shall be forwarded to the respective school or schools which will help them decide upon the federal aid to be granted. Those who do not get a federal aid can always resort to alternative or private financing.
Private Loans
The funding is done by private agencies and they have absolutely no association with federal student aid agencies except that they also finance student’s educational needs. The interest rates are pretty much higher, but given the recession phase, the interest rates are very low and also making it the best time to borrow money for tuition, books and all other needs of education. Where the question of consolidation arises, federal and private loans can never be consolidated together due to the beneficial terms offered by federal loan programs.
