Need to worry – College ExpensesRising cost of education is indeed the most worrisome aspect of college education. People are actually not finding it feasible to meet the cost of a college education. It is one of the top worries of parents next to drugs. Survey reveals that students just cannot afford to meet the cost of education without an external source of funding. Hence it is not a specific feature.Students need to find every possible source of funding, especially free money like grants and scholarships. Almost all students become eligible for grants and scholarships. The federal government has come up with a number of subsidized and unsubsidized loans in order to support students in meeting their cost of education.Meeting the cost of College Education In order to reduce the worries of parents supporting their children who are about to take up their college education both the government as well as private agencies have come up with a lot of students loan programs in addition to the scholarships and grants offered to students to meet the cost of their education. Students are not required to pay back their scholarship amounts; it comes as free money for them to fund their college subject fulfilling certain conditions and criteria.Federal government has both subsidized and unsubsidized student loan plans at a lower cost and feasible repayment schedule. After that the student has exhausted every possible scholarship option, if in case more money is required they can first go for Federal Government Loans. Federal Government has both Subsidized and Unsubsidized loan plans. While the interest liability is borne by the government in case of subsidized loans, it is the liability of the student in case of unsubsidized loans. Where the money is not sufficient to pay the college bills, after exhausting free money and federal loans comes other source financing namely the private funding or the alternative lending.scholarship option, if in case more money is required they can first go for Federal Government Loans. Federal Government has both Subsidized and Unsubsidized loan plans. While the interest liability is borne by the government in case of subsidized loans, it is the liability of the student in case of unsubsidized loans. Where the money is not sufficient to pay the college bills, after exhausting free money and federal loans comes other source financing namely the private funding or the alternative lending
