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September 5, 2008, Newsletter Issue #64: Available Financial Aid to Earn A Degree in Accounting
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Tip of the Week
The best advice for getting sufficient financial aid to get a degree in accounting is “Do your homework ! ” There are many sources of financial help, but you must find them. Use the Internet to begin your search and follow-up with your local library and directly with your school to make it all happen. As long as your school is properly accredited, you will be eligible for all the major sources of financial assistance, including grants, government and private loans and local, national, private and school scholarships.
First, research all of the possible financial sources for which you may qualify, many of which can be rather obscure. For instance, there is some type of scholarship offered by many cities, towns, states, fraternal organizations (Knights of Columbus, Masons, Elks, etc.), subject specialties (accounting, English, economics, etc.) and even ethnic-background specific aid. Second, government educational loan programs (Stafford loans, PLUS loans) and private financing (offered by many major banks, financial corporations, and others) are available with excellent repayment terms and low interest rates. Remember that, unless your are one of the most outstanding students in the country or a bona fide national high school all-American in a major sport, which might earn you a full scholarship, you will need to put together a combination of more than one scholarship and loan program to make your financial puzzle complete. Do your research properly and your puzzle should work.
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