Monday, August 3, 2009

Online Degrees - What Online Colleges Have a Payment Plan? Loans, Grants Or Scholarships!

What online colleges have a payment plan is a common question regarding getting an online degree if you want an online college or an on-campus school that offers classes online. Most students get some financial aid whether it is directly through a college or from outside funding, but there is plenty of financial aid available. It doesn't matter if you want a bachelor's degree, master's degree, doctorate, MBA, associate degree or other. If you're looking specifically for a payment or repayment plan this is usually the standard way of repaying for a loan.

However there are many ways to get financial aid to go to an online college and you may also be able to go free through various grants and scholarships that are available. The grants are easy to find through the financial aid departments of the college you're considering, Scholarships take a little more research but every year hundreds of scholarships go unawarded. This may take a little more creativity. Many science scholarships are eagerly waiting for applicants for example.

So all colleges have a payment or repayment plan. It usually goes through the U.S. government programs -- federal money that is available such as the Stafford or Perkins loans. There are also many types of education loans available. Those may or may not be of higher interest than the government loans depending but the government loans are usually of lower interest. So checking to see what is available through the financial aid departments is the first step. Then compare rates of interest and the term of the loans. Makes sure to apply for scholarships and grants because many people have gone through online colleges for their degrees successfully, either through financial aid programs or scholarships or grants and sometimes a combination of them which is not uncommon.

Make sure the online college you plan to attend is accredited through the U.S. Department of Education. Most are but you want to make sure. You may want to transfer your credits to another school, college or university in the future. So make sure to check with the schools to make sure they will accept your credits. I always state this warning in the event you attend an online school that is really not accredited. You can be pretty safe if the school is a nationally recognized on-campus university or college also with a well- known name and reputation. But always double-check.

So as to what colleges have payment plans, the answer is they all do. Although as I mentioned the payment may go to the federal government or to some other source of funding such as an education loan. Hopefully you can get some grants and scholarships to get your online degree free or at a reduced cost. You want to make sure to go to the best online school also so make this part of your criteria too.

For more tips and info on avoiding scams, choosing the best online degree program or accredited bachelor's degree online and finding the best online degree scholarships, grants, education loans or financing go to http://www.OnlineDegreesTips.com for all types of online degrees.

Article Source: http://EzineArticles.com/?expert=Helen_Hecker

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