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College Grants To Pay Off Student Loans

by Omale Philip
College Grants To Pay Off Student Loans
8 Mins Read

Finding College Grants/Scholarships to Pay Off Student Loans? Students who can’t get funding, grants or scholarships to study, consider loans as the way to go in getting funds to further their study. So student loans are incurred when there is no funding or scholarship to pay your college or university fees. Imagine you are offered college grants that pays all the costs and fees for your study, will you go to borrow money? certainly, No is the answer.

The cost of education is increasing and students find it difficult to pay fees. If a student is unable to get a fund, grants or any scholarship for studies, they take to student loans in order to get to good schools- colleges and universities for their degree study.

Below are the Scholarships and grants to pay off student loans. Before we list out the scholarships and grants to help pay off your loans, lets have some information about student loans. Here also we advice students not to miss any chances of getting scholarships before entering college and when in school.

Why Student Loans?

If a student is unable to get a college fund, free money or any scholarship for studies, then the other choice is to take a loan to meet your costs and fees. This option has beenn taken by many students to acquire degree- bachelor, masters and PhD. may be to take a loan to meet your costs. Getting money for you study can be difficult if there are no available funds provided by your parents, family relatives or friends. This can be more challenging for brilliant students with good knowledge and performance and have no one, grants or scholarship to assist and fund studies or help to further studies. So student loan becomes the option and choice for you.

Is Student Loan Needful?

The fees and costs of study have risen by a significant margin especially that of higher education-colleges and universities. The possible way for students to secure a good job that pays well and has excellent opportunities for growth is only through higher education.

To enable the students to achieve their dreams, the possible way is to get hold of loans to finance their education in universities-it’s possible. College Scholarships and grants can also be available. However, studying in an overseas country frequently need monetary assistance for fees, cost of studying, living cost-expenses like accommodation, room charges and boarding, travel, and other education-related expenditures.

You see financing an education to study abroad can be difficult for international students. Paying for college education in USA, UK, France, Australia and Canada is hard for these students. Scholarships can’t meet up to some fees and charges. So there is an excellent way to go about in overcoming the fund and monetary obstacles, which is to go for Government Student Loans or Educational Loans for global students.They can be quite helpful to overcome the challenges you face in undertaking study program in a college or university and also solve these financial distresses.

College Scholarships To Pay Off Student Loans
Pay Off Student Loan

Ways To Pay Off Student Loans

How can you pay off your student loans?
The major problem with taking out loans is that they eventually need to be repaid and here are some number of ways and procedures to do so.

  • Understand the kind of loan taken out or about taking. Student loans can be private or federal.
  • Find out about the possible repayment options you have and can follow to settle the loan.
  • Take a look at possible college scholarships for paying off student loans.
  • Check the policies for deferment, forbearance and loan forgiveness.
  • Fulfill loan obligations as quickly as possible.
  • Consolidate the loans if multiple ones have been taken out.
  • Subtract the interest costs while filing taxes.

Having known these, now let’s ask you a question between grants/scholarships and student loans which will you consider and take? if you have picked an option, here is our best advice and choice for you to take.

Scholarships And Grants Or Student Loan Which Should I Apply For?

Several students have shared testimonies with us how they have challenges settling fees and cost of study in school and were almost giving up in pursuing their dream and course study in college, just as scholarship changed the situation and gave them hope to continue the journey through their degree study program in universities and colleges. Grants and scholarships provide you with free money and finance to fund tuition fees and other fees.

Placing College Scholarships and Student Loans side by side, both help in solving a problem-finance for your study. You’ll find out both are designed to assist students pay their university or collge tuition fees. Scholarships are given by donors probably organizations, foundations, a college or university and government who found you worthy based on need base or merit base to award you. Student loans are offered by private or public/government organizations.

Student Loans and College Scholarships are both good options to consider for you to need to go to college and undertake a degree program. If you don’t get grants or scholarships and you consider student loans to aid your study in college then take the opportunity and attend college through loans to successfully achieve your dream and pursuit to gain that career.

If you can’t get a college scholarship for your study and there isn’t enough cash to take care of your tuition fees and study expenses. Whenever you’re about choosing a loan, get a student loan counsellor to advice you and plannings on what to do to fix your debt. I’m so sure that he/she must recommend grants to pay off student loans.

Remember student loans are incurred when there are no funding, grants or scholarships to pay your college fees because you took loans for finance you study in college. Here are the list of scholarships and grants to help you pay off your student loan.

Scholarships To Pay Off Student Loans

Debt Scholarships

Debt scholarships opportunities are designed to help students meet their financial obligations with respect to student loans. The Debt scholarships offer a lump sum which can be used to pay off these loans.

Student Debt Relief Scholarship

This scholarship aims to help students get higher education without being burdened with debt from student loans. The program is annual and will give a total of $2000 to be used as tuition fees in any university or college.

Grants To Pay Off Student Loans
Grants To Take Off Student Loans

Grants To Pay Off Student Loans

Arkansas Health Education Grant

The Arkansas Health Education grant is available for students who are enrolled in certain medical courses such dentistry, medicine and optometry. It is possible for the students to apply for the opportunity even if they are enrolled in an institution in a state other than Arkansas.

Cal Grants

The Cal Grant program oversees the distribution of The grants. Various factors will be taken into consideration when awarding a student with one of these grants. They can include factors such as the financial need of the student, the school enrolled in, the cost of attendance and the status of enrollment.

Federal Pell Grants

These Federal Pell grants can be used as scholarships for paying off student loans. Only undergraduate students that do not have their bachelor’s degree or any other professional degree can apply.

Federal Supplemental Educational Opportunity Grant

The Federal Supplemental Educational Opportunity Grant can only be used by undergraduates. They need to demonstrate that they possess an exceptional financial need for the grant.

Iraq And Afghanistan Service Grant

Students can apply for the Iraq And Afghanistan Service grant only if one of their parents or their guardians had died while serving their tenure in military service in either Afghanistan or Iraq. The students should have already been enrolled in any college at the time of the death of their parent or their guardian.


Students who have taken the necessary coursework in a program that is covered by the Teacher Education Assistance for College and Higher Education-TEACH grant can apply for the financial aid. They need to fulfil a set of academic criteria and must be intent on pursuing teaching as a career.

The AlaskAdvantage Education Grant Program

The AlaskAdvantage Education Grant program allows students to use grants for their needs pertaining to education. The students have to be pursuing a course of the postgraduate level. Some grants are dedicated for students who have opted for a course in natural resources extraction, health science, teaching, community and social service.

Tuition Assistance Program

This is the largest grant program available in New York. These grants are only available to students that are enrolled in their postgraduate courses. The amount given through the grant will be dependent on the taxable income of the family of the applicant.

Other Programs T0 Pay Off Student Loans

National Health Services Corps (NHSC) Loan Repayment Program

The NHSC Loan Repayment Program pays up to $50,000 in student loan payments for medical professionals who sign a two-year service contract to work in a Health Professional Shortage Area (HPSA). HSPAs are areas identified as having a shortage of health-care providers who serve in primary care, dental care or mental health. Those working in HPSA sites with a score of 14 or higher are eligible for the full $50,000. Those working at HPSA sites with scores of 13 or below are eligible for up to $30,000.

And those who still have remaining unpaid student debt after their two-year service contract ends can apply for a continuation contract. If accepted, NHSC will pay the entire remaining student loan balance.

The Harold Alfond Foundation Student Loan Debt Reduction Program

The Harold Alfond Foundation Student Loan Debt Reduction Program was created to attract top science and engineering talent to the state of Maine. It requires applicants to complete written essays and resumes and those accepted can receive up to $60,000 in student loan assistance.

It’s a competitive application process. It only chooses 150 Alfond Leaders over a three-year period.

Teacher Cancellation of Perkins Loans

Low-income schools often have trouble attracting top teaching talent. Congress has instituted two different teacher-student loan repayment grants designed to encourage teachers to serve in these schools. One of these is the cancellation of Perkins Loans. In fact, teachers with Federal Perkins Loans can qualify to have 100 percent of their loans cancelled.

To qualify, teachers must meet one of the eligibility and requirements.

Public Service Loan Forgiveness (PSLF) Program

The Program is proposed to inspire individuals to enter and continue to work full-time in public service jobs. Under The PSLF program, you may meet the requirements for forgiveness of the remaining balance due on your William D. Ford Federal Direct Loan Program (Direct Loan Program) loans after you have made 120 succeeding payments on those loans while employed full-time by certain public service employers. Any non-defaulted loan made under the Direct Loan Program is eligible for loan forgiveness. Applicants can find additional information at


Students can defer educational loans during my service with AmeriCorps. Members at AmeriCorps may qualify for postponement, or forbearance, of the repayment of your loans during their service. The education award will support the students to pay off qualified student loans when they are finished.

Congress’s Military College Loan Repayment Program (CLRP)

The CLRP allows any branch of the military to make up to $65,000 in student loan repayments for non-prior enlistees. Many former military members have taken advantage of the GI Bill. This pays for the education of military members enrolled in school after their term of duty.

But what about service people who acquired student debt before their enlistment? There are several grants to pay off student loans that military members or their families can qualify for.

Obama Student Loan Forgiveness

The William D. Ford Direct Loan program has been nicknamed “Obama Student Loan Forgiveness”. Some changes that were made by President Obama. In this program the borrower has the ability to consolidate all their federal student loans into one new loan, and in that consolidated loan the borrower is able to choose a repayment plan that is affordable.

STEM Occupations Loan Forgiveness Program

STEM (Science, Technology, Engineering, Medicine) workers are in high demand across the U.S. The Stem Occupations Loan Forgiveness Program provides student loan repayment to anyone working in North Dakota in a STEM field who also graduated from a STEM-related program at an approved school.

For this reason, many states offer grants to pay off student loans for STEM professionals to entice them into working in the state.

Are There Scholarships to Pay Off Student Loans?

Scholarships for paying off student loans are on the increase these days. Although student loans can help college students to study further and become more qualified. Companies and individuals usually establish scholarships for students currently enrolled, not those who have already graduated and owe student loan debt. so you can find and get grants to take off your loans as a student currently enrolled in a college or university.

Get scholarships updates and study guides as we are reporting college information on a daily basis to help you. Don’t miss the chances as you won’t find them anywhere else.

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