These days financing a college education is quite daunting. Tuition is high and still going up, the economy is still in a slump and jobs are hard to come by. Yet, getting a college education is one of the best ways to insure your prospects for a good income in the future. So what can you do? You look for help in finding that financing. One company that can help you is Simple Tuition.
I recently tried out their service and I was impressed. I didn’t try the typical college student profile. I went for the new reality for many older adults who are finding that they need to get a graduate degree to keep their current jobs or reenter the job market. Simple Tuition found four loans I would qualify for with interest rates ranging from 2.87% to 3.84%. That is not bad at all. And it was fast. I received those search results within a minute.
Loans aren’t your only option though. At any age you still have several means of helping to finance your college education:
- grants and scholarships
The vast majority of scholarships are aimed at high school seniors just applying to college, but that doesn’t mean others do not exist. Scholarships are also available to current undergraduate students, graduate students and a wide range of adults with special circumstances. Keep applying. Grants and scholarships are free money. You do not have to repay them, so any amount you can get will reduce the amount you have to come up with. Some scholarships are based on financial need, but not all of them. If you find that your academic performance is at the upper range of students, your current college may even have scholarships you can apply for while already attending the college.
- loans
Generally, loans subsidized by the Federal Government have lower interest rates, so check into those first. You definitely need to fill out a FAFSA form. You can do this at www.fafsa.ed.gov. This is an activity you can expect to complete every year. It does require a lot of information but without it you will not even be considered for federal loans, work-study programs and many scholarships at colleges. Make sure you submit your FAFSA in time to qualify for all financial aid considerations at your college. Every college has their own deadline.
Once you have applied for FAFSA, it is time to look at private lenders. This is where a site like Simple Tuition can really help. They will present you with a range of loans that fit your situation and you can apply for the loans right from their site.
- employer reimbursement
Many of the larger companies still offer a tuition reimbursement benefit. This also varies from company to company. Some companies will only reimburse you for courses that are related to their business, others reimburse you for any course taken while seeking a degree. If you are currently employed, check into it.
The average college student ends up with $24,000 in student loan debt when they graduate. It is up to you to find the best financing options for you. Simple Tuition is a great way to get started. This company provides more financial information on their website. The service is free to their users. They make their money by receiving referral fees etc. from lenders when you decide to apply for one of the loans they suggest. Their search will provide you with information on loans from lenders they have an agreement with and others. They are clearly marked as such on the information you receive. In my test, I found no reason to not recommend this site.
One final tip, you do need to allow them to set a cookie in order to receive your loan recommendations.












