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among the most satisfied workers . You ’ ll need an associate degree to pursue this career .

• Ultrasonographer – After obtaining an associate degree , sonographers go on to prepare patients for procedures , review and process images for physicians , and administer ultrasounds . They are also responsible for operating imaging equipment .

Types of Educational Loans

Getting accepted into a college or university is one of the most exciting times of a student ’ s life and is the first step in shaping a variety of careers . Many institutions offer grants or scholarships to assist with the cost of postsecondary education , but often these are not enough . Student loans provide financial assistance for students to cover the fees associated with attending a college or career school , including tuition , supplies , books , and living expenses .

There are several types of loans available including need-based , nonneed-based , state , and private .

Need-based loans are provided to students who are unable to pay the amount needed to cover all costs to attend college . The need is determined by the Free Application for Federal Student Aid ( FAFSA ), which can be completed online at no cost . Needbased loans are available as a Federal Perkins Loan , awarded to students with the highest need , or a Federal Direct Subsidized Loan , provided interest-free while in college .

If the FAFSA determines that a student is ineligible for a need-based loan , non-need-based loan options are available as a Federal Direct Unsubsidized Loan or Federal Direct PLUS Loan . Unsubsidized loans allow the borrower to add interest to the total amount borrowed after graduation , but be aware that this leads to owing even more money when it comes time to start paying off the loan . Direct PLUS Loans provide graduate students or parents the opportunity to borrow the total cost of attending college , minus other financial aid received .

Unlike the loans mentioned above that are sponsored by the federal government , state and private loans are sponsored by banks , colleges , foundations , and state agencies . The U . S . Department of Education manages all college loans available by state and requires students to be in-state residents or enrolled in a college in that state . Private loans are an option for borrowers but come with terms and conditions that may not be as favorable as federal loans . Private loans also require a cosigner who is responsible for repaying the money if the student fails to do so .

Managing Debt After College

Student loan debt continues to increase and has become a burden on both graduates and the U . S . economy . There are a variety of loan repayment options for students . Here are some tips on how to approach repayment :

• Figure out what you ’ ll owe and start to save early . Creating a budget early will allow you to build a solid foundation for repayment after graduation . Setting aside money each month toward future savings for repayment will set you up for success come graduation day .

• Understand your repayment options . There are several different options available to start paying off student loans based on the type of loan you received . Common federal loan plans include standard , graduated , extended , or income based . ◉ Standard plans specify payments in fixed amounts to ensure that loans are paid off in 10-30 years ( these payments are often very high for new graduates ).

◉ Graduated plans have payments that start out lower and increase every two years , also ensuring that loans are paid off within 10-30 years

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IN Brentwood-Baldwin-Whitehall Fall 2023 | Page 32

REACHING YOUR TARGETED CUSTOMERS HAS NEVER BEEN EASIER .

The facts speak for themselves !