Page 13 - Education Guide
P. 13
to manage student loan debt
Thanks to student loans students also use loans to Know your loans graduate and when the first payments. Repaying the other public service jobs,
and other financing options, finance their living arrange- loan over a longer period of loans may be written off.
a college education has ments and pay for their Learning the terms of payment must be made. time will lower your There are additional federal
become much more attain- books, making it easy for monthly payments but loan forgiveness options
able for a wider array of loans to add up quickly. your loan is the first step to Grace periods typically result in you paying more available to teachers,
students. Student loans may interest over the life of the nurses, AmeriCorps and
make it possible for mil- Another potential pitfall avoiding delinquency or range between six and nine loan. PeaceCorps volunteers and
lions of students to attend of borrowing to finance other professions, as well as
college when they other- your education is the uncer- default. Take the time to fully months for federal loans, If you find you have some state, school and
wise could not afford tu- tainty many people have extra money on hand, make private programs.
ition, but such loans also with regard to the terms of understand the type of loan while privately issued loans larger payments toward the
can put borrowers in fi- their loans. Many people loan and ask that this mon- Don’t ignore problems
nancial hot water if they’re sign on the dotted line of you are receiving as well as may have a different grace ey be applied to the princi- If you are falling behind
not careful. their lending agreements pal. Paying down the prin-
without ever reading the when repayment begins and period. If you have yet to cipal can significantly re- on your loan payments,
Just like any other form fine print, which may dic- duce the loan and reduce take action right away.
of credit, a student loan is tate repayment terms and how much your monthly secure steady employment the interest you’re paying Doing something is better
usually easy to spend but interest rates. as well. than doing nothing at all.
not as easily repaid. Add to payments will be. Loans may when your first payment An inability to repay your
that the fact that most edu- But students need not Choose an employer wisely student loan debt can cause
cational loans do not re- succumb to student loan be backed by private lenders, comes due, contact your According to The Proj- problems later in life, so
quire payment until after debt shortly after they don don’t allow the problem to
graduation, it could seem to their caps and gowns. The but many student loans are lender to see if payments ect on Student Debt, some snowball before you do
a student that he or she is following are a few ways to jobs offer loan forgiveness. anything.
attending classes with no avoid financial struggles issued through federal gov- can be deferred a little After 10 years of qualifying
strings attached. Some that stem from student payments for people in Metro Creative
loans. ernment programs. Each type longer. government, nonprofit and Connection
of loan has its own set of
regulations. It’s also impor- Negotiate payment options
tant that you understand the Some lenders simply
details of loan forgiveness follow a standard formula
and what happens should you for determining a repay-
miss a payment. ment schedule, which typi-
Learn the loan schedule cally lasts 10 years. If that
payment amount or sched-
Every student loan comes ule seems unattainable, SPECIAL ADVERTISING SECTION OF THE MORNING CALL
with a grace period, or the consider speaking with the
time between when you lender about changing your
OPPCOARRTEUENRITIES CAREER TRAINING
Welder Training & DENTAL ASSISTANT
Testing Institute TRAINING PROGRAM!
• Full-time/Part-Time Welding Courses www.learndentalassisting.net
• Financial Aid if Eligible
• Welder Certification What makes
• Career Placement Assistance our program
different?
WELDER TR AINING & TESTING INSTITUTE • Classes begin
every Monday
www.wtti.edu • 20% of our Afternoon, SUNDAY, FEBRUARY 15, 2015
program is Evening and
610-437-9720 dedicated to Friday classes
729 E. Highland St., Allentown, PA 18109 x-ray training!
available.
• Dental clinic and
laboratory on site!
• Our instructors are working
Dental Assistants!
• State-of-the-art teaching facility!
Start HERE • Extensive externship program
Go ANYWHERE for real world experience!
610-266-9550
CDL DRIVER TRAINING PROGRAM Licensed by the PA. State Board/
Michael E. Kun, DMD Clinical Director
Secure your future with a career that’s stable & flexible.
• Class A, B, & C CDL training To advertise on this
• PA CareerLink & OVR-WIA Approved page please contact
• Third party testing
• Weekday/weekend classes Donna Sonday at
• Job placement assistance
610-770-3746
www.lccc.edu/CDL 13
610.799.1704
Thanks to student loans students also use loans to Know your loans graduate and when the first payments. Repaying the other public service jobs,
and other financing options, finance their living arrange- loan over a longer period of loans may be written off.
a college education has ments and pay for their Learning the terms of payment must be made. time will lower your There are additional federal
become much more attain- books, making it easy for monthly payments but loan forgiveness options
able for a wider array of loans to add up quickly. your loan is the first step to Grace periods typically result in you paying more available to teachers,
students. Student loans may interest over the life of the nurses, AmeriCorps and
make it possible for mil- Another potential pitfall avoiding delinquency or range between six and nine loan. PeaceCorps volunteers and
lions of students to attend of borrowing to finance other professions, as well as
college when they other- your education is the uncer- default. Take the time to fully months for federal loans, If you find you have some state, school and
wise could not afford tu- tainty many people have extra money on hand, make private programs.
ition, but such loans also with regard to the terms of understand the type of loan while privately issued loans larger payments toward the
can put borrowers in fi- their loans. Many people loan and ask that this mon- Don’t ignore problems
nancial hot water if they’re sign on the dotted line of you are receiving as well as may have a different grace ey be applied to the princi- If you are falling behind
not careful. their lending agreements pal. Paying down the prin-
without ever reading the when repayment begins and period. If you have yet to cipal can significantly re- on your loan payments,
Just like any other form fine print, which may dic- duce the loan and reduce take action right away.
of credit, a student loan is tate repayment terms and how much your monthly secure steady employment the interest you’re paying Doing something is better
usually easy to spend but interest rates. as well. than doing nothing at all.
not as easily repaid. Add to payments will be. Loans may when your first payment An inability to repay your
that the fact that most edu- But students need not Choose an employer wisely student loan debt can cause
cational loans do not re- succumb to student loan be backed by private lenders, comes due, contact your According to The Proj- problems later in life, so
quire payment until after debt shortly after they don don’t allow the problem to
graduation, it could seem to their caps and gowns. The but many student loans are lender to see if payments ect on Student Debt, some snowball before you do
a student that he or she is following are a few ways to jobs offer loan forgiveness. anything.
attending classes with no avoid financial struggles issued through federal gov- can be deferred a little After 10 years of qualifying
strings attached. Some that stem from student payments for people in Metro Creative
loans. ernment programs. Each type longer. government, nonprofit and Connection
of loan has its own set of
regulations. It’s also impor- Negotiate payment options
tant that you understand the Some lenders simply
details of loan forgiveness follow a standard formula
and what happens should you for determining a repay-
miss a payment. ment schedule, which typi-
Learn the loan schedule cally lasts 10 years. If that
payment amount or sched-
Every student loan comes ule seems unattainable, SPECIAL ADVERTISING SECTION OF THE MORNING CALL
with a grace period, or the consider speaking with the
time between when you lender about changing your
OPPCOARRTEUENRITIES CAREER TRAINING
Welder Training & DENTAL ASSISTANT
Testing Institute TRAINING PROGRAM!
• Full-time/Part-Time Welding Courses www.learndentalassisting.net
• Financial Aid if Eligible
• Welder Certification What makes
• Career Placement Assistance our program
different?
WELDER TR AINING & TESTING INSTITUTE • Classes begin
every Monday
www.wtti.edu • 20% of our Afternoon, SUNDAY, FEBRUARY 15, 2015
program is Evening and
610-437-9720 dedicated to Friday classes
729 E. Highland St., Allentown, PA 18109 x-ray training!
available.
• Dental clinic and
laboratory on site!
• Our instructors are working
Dental Assistants!
• State-of-the-art teaching facility!
Start HERE • Extensive externship program
Go ANYWHERE for real world experience!
610-266-9550
CDL DRIVER TRAINING PROGRAM Licensed by the PA. State Board/
Michael E. Kun, DMD Clinical Director
Secure your future with a career that’s stable & flexible.
• Class A, B, & C CDL training To advertise on this
• PA CareerLink & OVR-WIA Approved page please contact
• Third party testing
• Weekday/weekend classes Donna Sonday at
• Job placement assistance
610-770-3746
www.lccc.edu/CDL 13
610.799.1704
