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Tip of the Day Consider Community College or Online College For Your First Year or Two

Consider Community College or Online College For Your First Year or Two - If you are finding you need the education but don't have the funds, or want to take...

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Perkins Loan

Definition: Perkins loans are given to students who show that they have financial need (by filling out the FAFSA).  Here are some of the details:

Interest: 5% (fixed for the life of the loan)
Undergraduate limit: $4,000 per year to $20,000 maximum.
Graduate limit: $6,000 per year to $40,000 maximum.
Repayment term: up to 10 years
Minimum monthly payment: $40

Advice: Perkins Loans are great ways to finance your college education.  Because the interest rate is fixed, you don't need to worry about changes in interest rate.  However, at times these loans can be unattractive if other loans are offering lower rates.

 

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Definition of the Day E-Commerce

E-Commerce - This is a form of sales that takes place electronically. The most common means is on the internet or also through computer networks. This type of sale has become increasingly popular over the last few years. Such means has so many benefits to both the seller and the...

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