Copyright (c) 2012 Alex Yew
If you're like me then you may not have been familiar with emergency financial aid. However, believe it or not if you are already in college and a financial or family crisis hits there is a way to keep your financial aid going without losing your college privileges. We all know that college can be expensive and depending on what college you attend and your individual factors, it can vary in price.
Before you decide to give up all hope on your college career you should seek options for emergency financial aid for students. Your emergency financial aid can come in a few different forms. It could be something that's more short-term or in the form of a scholarship, grant funds or money that you may not be required to pay back over time. If you are struggling to pay back your student loans you should keep in mind that you will be required to prove your financial hardships. It's not going to be as easy as walking into the financial aid office and stating that you lost your job. You will need to prove that you are unable to pay your student loans. This may sound a bit scary but it's going to be a requirement in order to get some help with your financial aid repayment. The reason for this is because the funds are only given to those who are in serious need of assistance and not just for anyone off the street to get.
Some of the reasons that you could get financial aid assistance is through medial emergencies, loss of a steady job or income or loss of housing that was furnished through college. You will need to meet certain requirements in order to even get financial aid and one of them is to file through FASFA in order to be approved for a student loan. This can be done online or at the college itself through a financial aid advisor.
You will also need to be a high school graduate or have a GED. You must also have a good standing when it comes to grades. Many colleges will even require you to be a full-time student. Each college should have some type of resources to help those in emergency situations. If you're in need you should look into this before you simply give up and drop out of college. You can even go online and do some research but before you sign anything you should get all of the facts and information and know what you're getting into.
Some colleges will have separate funds for those in need due to emergencies. This money does not come from the same funding source as regular students would get. There are also some private sources available such as the Dreamkeepers Emergency Financial Aid. They help 31 different community colleges in the country.
One great thing about emergency funds is that it's distributed fairly quickly, usually within 24 to 48 hours which means that when emergencies strike you'll be able to proceed with your college courses and your life.
You should keep in mind that these emergency funds are not to be used to pay medical bills, utilities and the like. The funds are to be used for college textbooks, lab fees or tuition that's due right away. Many individuals are a bit confused when it comes to college funding through financial aid. The money should be spent on college related things not personal life like shopping and going to dinner so keep this in mind when filling out your papers for financial aid or emergency financial aid.
The bottom line is that emergencies and accidents can happen to anyone at any time. If you're struggling and can prove your financial hardships then before you drop out of school you should check in to getting some type of emergency financial aid assistance. The funds are available only for those who qualify and are usually available fairly quickly so there's not much waiting involved. Your college education doesn't have to end just because you're struggling to pay the bill. If you are in need of assistance make sure you check out your options and speak with a qualified financial aid advisor to assist you before you give up your dream of a college diploma!
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"College Scholarships for Students" is a free online resource for students who want to have finance assistance for the college. In "College Scholarships for Students" website, you can find information about College Scholarships for Students, College Grants for Students and College Loads for Students. Visit "College Scholarships for Students" at http://collegescholarshipsforstudents.org/
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