• Plumber – You’ll need your high school diploma and
an apprenticeship to become a plumber. Once you are
licensed, you can start to work, but you’re sure to need
some physical strength to take on this job.
• Diagnostic Medical Sonographer – After obtaining an
associate degree, sonographers go on to prep patients for
procedures, review and process images for physicians,
and administer ultrasounds. You’ll also be responsible for
operating imaging equipment.
• Elevator Installer – A career with high earning potential,
elevator installers repair and maintain elevators,
escalators, moving walkways, and lifts. A high school
diploma and apprenticeship is required for this role, so if
you’re good with power tools, this job might be a lift up
for you.
TYPES OF COLLEGE LOANS
Getting into college is one of the most exciting times of a
student’s life and is the first step in shaping his/her career.
Many colleges and universities offer a myriad of grants or
scholarships to assist with paying for post-secondary school,
but often these are not enough. Student loans provide
financial assistance for students to cover the costs 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, non-need-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. Need is determined by the Free Application for
Federal Student Aid (FAFSA), which can be completed
online, as the name suggests, for free! Need-based 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 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
beware, as 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.
32
724.942.0940 TO ADVERTISE
❘
icmags.com