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Get Financial Aid For Online Degree

1. First of all make sure to fill out and turn in the Free Application for Federal Student Aid. The financial aid office at your school of choice will notify you of the types and amount of aid for which you qualify.

And because you’re learning over the Internet instead of on campus doesn’t mean that you’re not eligible for federal aid. The tremendous growth and popularity of accredited online degrees or distance learning has prompted the Department of Education to amend the Higher Education Act of 1965.

In the past, this act required that students be present in a classroom more than half the time (formally called the “50 percent rule”). But now online institutions and programs are subject to the same federal financial aid rules as on-campus schools including colleges and universities.

This means that if online bachelor degree or any online degree students meet the normal aid and eligibility requirements, such as credit hours needed, etc., then they have the same odds of receiving aid as anyone else attending an on-campus college.

2. Next there are plenty of scholarships available. There are literally billions of scholarship dollars for students of all types. It takes a little research to find out which ones apply to you and your situation – each situation is unique. But there are many resources that can help you.

Besides seeking out independent organizations or employers who offer scholarship moneys, online schools often make efforts to assist their students in paying for school.

3. Consolidation of bills may be a possibility. Are car payments eating up your would-be tuition dollars? Or is credit card interest taking money that could be used for books and other needed learning materials? Doing a little research here can go a long way to reducing your existing bills or consolidating your debt.

4. Getting tuition reimbursement – many companies offer their employees tuition-reimbursement options that can not only help save cash, but combined with other efforts can in some cases fund an entire degree. Many work toward M.B.A.’s at institutions like the Wilson State University. Your employer may share in a large part of that cost. Combine this with scholarships and other funding and you can get your online degree practically free.

5. Sometimes online schools are willing to acknowledge your past experience to help you get your online degree quicker — for example, if you’ve been a manager for the past few years, you could parlay that into some management credits, known as the “credit for life experience.”