Money for Online Schools

Money for Online Schools

Money for Online Schools

There are many advantages to getting an online education: studying from your home, working at your individual pace, saving money on parking and gas, and saving time without commuting to campus. And in case you have got many other responsibilities, such as a family or job clamoring for your time, online schools can be a real lifesaver. Online colleges are a reputable and convenient way to begin or renew the career.

But it costs money to receive a certification or degree. Everyone knows financial aid is accessible to students attending traditional colleges and universities. But is there any money for students attending an online college?

Know about financial help for online colleges by taking the true/false quiz.

1. There are fewer college financial aid opportunities accessible for online colleges than customary schools.

False. This is a usual belief, and the truth is both of them provide similar fiscal aid packages.

2. Going in an accredited college opens the door to a great number of financial aid opportunities.

True. Accreditation is a significant consideration for campus and online colleges, opening the ways for federal grant and loan eligibility. You should always check for college accreditation.

3. To apply for financial help, you should be enrolled full- or half-time in an online college.

True. It applies to both online and traditional schools.

4. The 50/50 Rule exists, which limits financial help for online learners.

False. This rule was passed in the year 1992 in order to combat fraudulent courses online. It stipulated colleges and universities must teach half of their learners at an actual campus to qualify for federal money. Though, the Rule was lifted in the year 2006 due to the rise in the amount of accredited online colleges. Now online learners have equal option for federal financial help.

5. The American government doesn't provide financial help for online colleges.

False. You may apply for any amount of tax credits, grants or loans. These take in Federal Stafford Loans, Federal Pell Grants, PLUS, Grad PLUS loans, and others.

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