How to Deal with Financial Difficulties as a Student

Financial difficulties can be extremely worrying as a student. They may affect your ability to focus on your studies and continue your time at the university or college of your choice. In order to prevent financial difficulties from overwhelming you halfway into your studies, here are some of the steps that you can take toward dealing with and overcoming them in the 2021 academic year. 

Look Into Hardship Funds

However, most universities and colleges have financial advisors and finance departments that can help you organize your finances and give you a variety of options that can help you stay at the university regardless of your financial situation. For instance, many universities offer students facing financial difficulties a hardship fund. This fund can help to keep you going when you are far into your overdraft and will allow you to keep your finances afloat for longer. To get this fund, you should schedule an appointment with the finance team at your university as soon as possible. If you predict that you will find yourself in financial difficulty before you go to university or college, you may be able to apply for certain grants before you even leave home. 

Get a Part-Time Job

If you need some extra cash to help you pay your bills and fund your nights out, you should consider applying for part-time jobs in your area. As you progress through your studies, it is unlikely that you will have more than a few contact hours per week, especially if your course is currently focused on your dissertation or independent study. This gives you plenty of time between your lectures and seminars to head to a part-time job, where you can earn the money that you need to support yourself. SavetheStudent has collated some of the best part-time jobs that students can find at the start of the new term. However, you should make sure that this job does not distract you from your studies and that you still have enough time to complete all of your assignments. Some courses may even recommend that you avoid taking on a part-time job, where possible. 

Apply for Grants

You might be able to apply for grants, even if you are halfway through your studies. Grants are given by the university itself and give extra funding to people who meet certain criteria. These criteria could be anything, from coming from a low-income background, having a parent who works in a certain field, being a mature student, or taking a certain course, such as healthcare or teaching. 

Speak to Your Landlord

One of the main issues when you run out of money as a student is being able to afford your rent, especially if you are staying in private accommodation. While it may be easy to contact your university’s accommodation provider about any late payments, and these usually come out of your student loan directly, it can be harder to speak to your landlord about any problems you are having in getting the money you need together. However, in most cases, student landlords will be lenient or will allow you to pay your rent when you receive your next loan installment. This is not always the case, though. So, before you speak to your landlord, you should plan exactly what you are going to say and make sure that you know your rights while renting out their property. 

Short Term Loans

If you are struggling with financial difficulties as a student, you might consider taking out a short-term loan. This is a possibility as long as you have some sort of income (e.g. from a part time job) but this should be a last resort and you would need to be confident you can and will meet all of the loan repayments, as failure to repay a loan can lead to further financial difficulties. If you do decide to go down this route, it may be a good idea to use an FCA regulated loan broker to try and get the best APR available to you and your personal financial circumstances.

Cut Your Costs

As a student, although it is unlikely that you will be making a large income, you will not have as many fixed costs as other people living independently. For instance, you will be splitting your bills between multiple people and will usually not have a vehicle to run. So, once you have paid your rent and your student loan, the majority of your costs may be spent on fun and luxuries. It can be difficult to manage your money in the first years of being a student, especially if you have never had to do so before. So, you should find ways to better manage your money and cut your unnecessary expenditure. For instance, you should cook at home more often, attend free events or societies, and consider walking or taking the transport put on by your university rather than public transport or taxis. If you are struggling to cut down on your costs, you should consider downloading a finance tracking app that will allow you to see and manage what you are spending at all times. 

Many students deal with money problems before they leave university or college, especially if your student loan covers less than you imagined. You may encounter these issues even if you previously believe that you were financially savvy. However, these issues do not mean that you will have to return back to your hometown and abandon your degree. Although being in financial difficulty can be stressful for students, it is not usually the end of the world, and there are plenty of steps that you can take to get you back on your feet and which can ensure that you stay financially afloat enough to pour most of your energy into your studies and achieve academic success, and with that success carve a great career for yourself. 

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5 Tips For A First-Generation IT College Student

As a first-gen student, you face expectations unlike any other. You’re trying to figure out how to make your parents proud, how to make new friends, how to live on your own for the first time. There’s no denying it’s tough, so we want to make it a little easier. 

Get ready for campus life by reading our five tips for being a first-generation college student below.

1. Apply for Scholarships 

If you’re a first-generation college student, you may have additional financial stressors others don’t. Thankfully, there are great scholarships out there specifically for you — and plenty are offered by former first-gen students. 

Jasdeep Singh created a scholarship in honor of his parents, who valued education and helped their son through secondary schooling. Apply to as many of these opportunities as you can to help alleviate the financial burden college places on you. 

2. Get Involved 

College isn’t just about locking yourself in your dorm and studying — it’s a time to have fun and discover yourself. 

Joining clubs, attending school events, and participating in campus activities will help you feel more at home. Fostering your social life is almost as important as handling the academic side of things (just ensure you find a nice balance). 

3. Understand Your Limits

Chances are, you’re on your own for the first time. You’re away from your routine and juggling a schedule that revolves solely around you. There’s no denying it’s difficult figuring out what and who to prioritize. 

The trick is to prioritize your physical and mental well-being. This may mean saying no, denying an extra project, or opting out of a social situation. Burnout is very, very real, and taking on too much puts you at risk. 

4. Assess Your Study Habits

Don’t base your study habits on those around you. Your roommate may be able to absorb all their info from the lecture alone, leaving him plenty of time to party. But that doesn’t mean your brain works the same way. 

In your first semester especially, take the time to determine what method of studying works best. You may have solidified certain habits in high school, but as college coursework is more involved and requires advanced understanding, your study sessions will need to keep up. 

5. Network

Some people with connections — they’re legacies, their parents were in a particular sorority or frat, etc. — and some don’t. If you’re a first-gen student, there’s a high chance you’re in the latter group. But don’t panic; college is the perfect way to make the connections you need. 

Picture-perfect academics isn’t the only way to jumpstart your career. A 2016 survey concluded 85% of jobs are filled because of networking. 

So, don’t be afraid to attending dedicated networking events. Have that elevator pitch in your back pocket. And, for the love of all things good, take advantage of your professor’s office hours! Before you know it, these foundational relationships may present you with a career path. 

Final Thoughts & A Bonus Tip

It’s time to let go of the expectations you think others have of you. College is a time to discover your interests and explore potential career fields you’ve never thought possible. So, meet new people, join fun clubs, and explore your hobbies in full. 

It’s challenging to decide what you want to do at 18, even more so when you feel the pressure to make your family proud. But chances are, they already are. Use this opportunity for yourself and see what the future holds. 

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How to Choose the Right College for You

There are so many choices to make when selecting a college, it is a wonder anyone does it at all. Analysis paralysis can really be a hindrance to moving forward. You are not just looking for a good college, but the perfect college for you. This can be hard for 18 year olds with no life experience to guide them. They really don’t know what they want. When you don’t know what you want, it can be really hard to find. One should also remember that perfect is the enemy of the good. There are plenty of good colleges you might overlook because you are set on finding the perfect. That merry chase is more of a fool’s errand. Perfect doesn’t exist.

What you need is a clear understanding of your needs. Make a list of priorities in the order of importance. There are a lot of things you think you need at first. But later, you realize you can live without them. Give yourself enough time to change your mind a few times. Get input from people who have been to college and can help you know what to look for. Some priorities are obvious. The following items might not have made your first draft:

Access to Charging Stations

If you are thinking about getting an electric car, you are not going to be able to park that thing in your dorm room and charge it from an outlet. You are going to have to make sure there is at least one charging station nearby so you can juice up before heading out. There doesn’t need to be a charging station on campus. It is not like most campuses have their own gas station. But you do need one or two nearby, and in route to places you normally go. Fortunately, the charging station infrastructure is really starting to fill out. So that is much less of an issue than it was 10 years ago. 

While you’re at it, check the parking situation. Not all campuses have ample parking spots for students. Some might charge a high fee for parking. The same is true for a lot of cities. One of the biggest downsides to owning a car is parking. Many places are simply not car-friendly. Again, this is just one of those things you need to ask about and not take for granted. If you have a car, or plan to, be sure the infrastructure on and near campus is right for you.

Job Placement

You definitely have to make sure you choose the right college for your major. What you also have to know is if the college has a successful job placement program for the kind of job you want to do. Every college likes to boast about their job placement successes. But general numbers don’t mean a thing if they are not good at placing people in the type of job you want to do. 

The best business school from 2015 might not represent the best you can do today. So be sure your recommendations are current. Again, there is a difference between the best business school and the school that is best at getting their graduates into good jobs. That’s a big difference. Don’t get a degree that will not get you hired. 

Tech Ecosystem

If you are a Mac user and your school only does Windows, you are in trouble. You are going to hate every minute. And the transition is not automatic. You are also probably looking at a school that is technologically regressive if all major platforms aren’t supported. If you Use ecosystems from Microsoft, Apple, or Google and it is not supported, look elsewhere. While you’re at it, be sure that the WiFi is plentiful, fast, ubiquitous, and reliable. Your college career will depend on the internet even if you are taking all of your classes on campus. Bad internet services equals a bad college. Even if everything else is perfect, that school is a big pass. Don’t ignore technological red flags.

While it is not impossible to transfer to a different college, there is a reason it seldom happens. The place you land at first is more than likely the place you will graduate. So be sure to choose wisely. Be sure it has the right infrastructure in place for the car. Be sure the job placement program is right for your major. And check the tech before signing the dotted line.

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Easy ways to finance your education in 2021

As we move into a new decade, it is important to consider what your education will cost you. There are many reasons for this and can vary from person to person. Some people may be looking at getting their degree because they want to advance in their current career, while others may be looking at the long-term opportunity to get an advanced degree or certificate that could potentially exponentially increase their earning power. Whatever the reason, it’s never too early to start thinking about how you’re going to finance your education in 2021.

This post covers easy ways to finance your education in 2021, which include;

1. Getting a scholarship

Getting a scholarship is one of the most popular ways to finance your education, as it doesn’t usually require repayment. Some examples are academic scholarships, which may be based on GPA or SAT scores, and athletic scholarships for athletes who showcase their skills at various universities during recruiting events.

Scholarships are determined by the college, which means that you should be proactive about applying for them. The best way to do this is to research scholarship opportunities and find ones that match your academic interests or lifestyle preferences to increase your odds of getting one. In addition, there are also scholarships available through private organizations.

2. Student prizes

If you’re a student looking for easy ways to finance your education, consider entering some of the many competitions geared towards students. These could range from beauty pageants and academic contests.

Students can also enter essay or photography competitions sponsored by companies such as Microsoft.

Some companies offer a scholarship to the top three finalists in their essay or photography contest. The only requirement is that you are currently enrolled as an undergraduate student and at least 18 years old. One of these scholarships may be enough for your entire education, so it’s worth entering if you’re eligible.

3. Getting an online loan instead of a student loan

One of the easiest ways to finance your education in 2021 is by taking out an online loan. This type of loan should be taken as a last resort, but some people may find that they’re unable to get any other form of financial aid because their credit score isn’t high enough or they don’t have any assets (for example).

The good news is that some loan providers like CashFlex offer online loans for students without a credit score requirement and can be applied through an easy process in just under five minutes. No paperwork or faxing is required.

Online lenders don’t rely on your credit rating to approve the loan application, so it’s worth considering.

However, there are some downsides to taking out an online loan for your education as well; the APR rates can be much higher than what you would pay with a student-loan provider, and they may also require collateral such as a car or house to ensure that the person takes out payments on time.

4. Part-time jobs

If you don’t want to take out an online loan to finance your education, there are other ways that you can earn some money. One of these is getting a part-time job on-campus or off-campus during the school year and summer break.

This could be anything from being a peer tutor for students who need help working in the campus cafeteria.

The bottom line with part-time jobs is that you need to do your research beforehand without letting any opportunity slip away.

5. Student grants

There are also some student grants available for students to apply for that can help with tuition or living expenses. These could be either merit-based, need-based, or a combination of both.

The first step in applying for these grants is to fill out the form and see if you’re eligible. You’ll know that you are once your financial aid award letter arrives with a list of scholarships, loans, or other types of student-aid available to you. This can take some time, so it’s important not to wait until the last minute.

Conclusion

Financing your education in 2021 is easy. With different ways available, it’s a good idea to get started early and figure out which one is best for you. To do this, we recommend researching scholarship opportunities and what other types of financial aid may be offered to you.

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6 Things You Need to Rock Your Next Interview

Changing jobs to advance your career or getting your first professional job after college can leave people overwhelmed with anxiety. There are so many things to consider in the process, it’s hard to know where to start. If you’ve been holed up in your house working remotely for the past year and a half, the added stress can make the thought of change even more unbearable. The good thing is that you can walk into your next interview with confidence when you do these things.

Professional Resume

Spruce up your resume. Those Microsoft Office templates might provide a good start, but if you really want to stand out in a sea of applicants, have a professional resume writer offer you suggestions to improve. You’d be surprised at the difference they can make. It’s not just about putting information on paper, it’s about the look and feel of the resume as well. For people in creative industries, the layout can make or break your chances of even getting invited for an interview.

Along with your professional resume, a good cover letter tailored to the job you’re applying for is critical. No “Dear Sir or Madam” greetings will do. Take the time to research the company and the names of the people who you want to get in front of. It’s not as hard as you think to find out who the HR director or Marketing VP is at a company. A good resume and cover letter will set you up for success once you get the interview.

LinkedIn Profile

A lot of companies do some sleuthing online to learn more about potential candidates. A professional photo and complete LinkedIn profile is a great way to stand out. Leverage this powerful social media tool to network, connect with thought leaders, and others in your industry. Share valuable content on occasion to help you stand out when recruiters come looking. With a good first impression online, you’ll be able to rock your interview.

Confidence

Human resources professionals don’t pick the worst candidates, they choose the best. Wear confidence that you were one of the best of all the applicants. You don’t need to feel self-conscious, you can walk with confidence that you have the skills they need and you are one of the best options. Too many professionals think they might not be good enough for a role, but the truth is, if you were selected to interview, you passed the first test.

Clothes

Unfortunately, what you wear matters. You can be the most brilliant mind, but if you walk into an interview looking sloppy and dirty, it’s unlikely you’ll get the job. Wear something stylish but subdued. You don’t want to be distracting, but there is no need to wear outdated pant suits when you can wear a pair of cute bottoms with a simple button-up shirt. Use accessories sparingly, but don’t feel like what you wear must be devoid of fashion.

Preparation

Learn about the company you want to work for. There is no reason you need to walk into a company blind. You can find out gross revenue for the previous year, read annual reports, and check out their social media profiles to discover their voice. Interviews are as much for you as they are for them. Be prepared with good questions about company culture, corporate policies, and job-related questions.

Find out about how they approach advancement, bonuses, and other career building opportunities. You’ll want to discover how supportive they are of further education and families. What is their take on work/life balance? All of these are important ways you can prepare for your interview.

For the technical interviews, you may also experience tests like brainteasers and IQ tests.  You can test you Edgar Allan Poe knowledge here with this fun quiz.

Don’t Share Too Many Personal Details

Your interviewer doesn’t need to know that you were out late drinking last night or any of your personal financial problems. It’s important to keep your interview focused and professional. If they try to dig in to anything that’s outside the scope of the job interview, it’s up to you to redirect the conversation. An interview should be a back and forth, give and take between the parties. But it should not be a juicy tell-all. Hold back on anything related to home, family, or personal life. You don’t want to give the impression that you aren’t planning to be committed to the job. 

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Forrest Walker Conner: Choosing the Right College Major

Everyone finds their purpose in different ways and at different times in their lives. Some instinctively know what they are called to do at a young age and plan their whole academic career around that. Others test out various things to discover their passion and talents.

Picking your college major is a big decision, and, frankly, some heading to college aren’t certain of which direction to go. Nashville rising businessman Forrest Walker Conner said it was a trip in the summer after his eighth-grade year at Montgomery Bell Academy that set him on his path. 

A Program That Changed His Life

That was the summer Forrest Walker Conner studied Lithuania and the Baltic countries during World War II. The fortitude of these smaller countries to remain free impressed Forrest Walker Conner and prompted him to participate in any exchange program available. 

His family hosted German and Lithuanian students, and Walker traveled to Australia to study in between his junior and senior years in high school. After high school, Forrest Walker’s travels and experiences led him to enroll in University of the South, Sewanee.

Picking a Major in College

A rising junior, Forrest Conner is majoring in economics and minoring in business. Forrest Walker is also a paid intern in Washington, D.C., while participating in an economic and public policy program called the Fund for American Studies.

He said the toughest decision of his college career was picking a major. 

“I know it doesn’t sound like that crucial of a choice,” Forrest Walker Conner said, “however, understanding that it will affect my life further down the road definitely adds more pressure to the decision.”

Learning from Experiences

Forrest Walker said he enjoys new places, people, and experiences, which led to many opportunities. He pays attention to relationships and listens to mentors. He said he tries to learn from every experience. All of that has helped him come to decisions about his major. 

Those who are having trouble deciding which major is the right one can do some of the things Forrest Conner did to help you decide. 

Forrest Walker Conner participated in extracurricular study programs, like the one in the Baltic States, which piqued his interest in foreign countries, the economy, and freedom.

He also started seeking out foreign exchange programs to learn more about the world, which ultimately led him to the nation’s capital. Learning about different topics can put you in a direction that you wouldn’t have expected. 

Expand Social Circles

Forrest Walker Conner also expanded his circle of relationships. That can be beneficial in multiple ways because, as he stated, it opens up opportunities. More opportunities mean you could find something you really enjoy that you hadn’t pursued before. 

Most of all, he listened to those he respected. Forrest Walker Conner said that included family, friends, teachers, those at church.

Forrest Walker said he knows he still has much to learn and is eager to continue learning both in the classroom and in life. 

Find Your Interests

Those who are having a challenging time deciding what interests them should take an interest inventory test. This is offered through guidance counselors’ offices, and some are even online. 

Answering simple and fun questions can clue you in on parts of personality you haven’t thought about before. After calculating your answers, the inventory test will list several possible jobs that you may have the skills and interest in pursuing. 

It doesn’t hurt to do some part-time or temporary work or even volunteer in different industries to see if you’re a fit for that job. You can earn some money, gain some skills, meet new people who can help you advance your career, and find out if you truly like a job before you pursue it as a career.

That is what Forrest Walker Conner is doing in participating in a paid internship. He said he is learning that public policy and business often work together, and the experience is teaching him how government policies affect the economy and business environments.

Take on Challenges

He advises young people to try as many new things as possible, even if it appears to be challenging.

Forrest Walker said trying new things may seem intimidating, but they can be some of the best experiences of your life.

He said the more you challenge yourself, the less scary things become. Then you can face the next challenge with confidence. 

“Then before you know it, there isn’t much that will intimidate you anymore,” Forrest Walker said.

Picking a college major doesn’t have to happen the moment you hit the college doors.

You can take some basic courses while you think about it. Just don’t put it off. Search different avenues and make the most of every opportunity so you can move ahead when you figure out which major you want to pursue.

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Favorite Techniques for Action Loving Traders

Some people love the chase and the non-stop action of the daily securities markets. Whether it’s stocks, options, futures, commodities, forex, or precious metals, there’s something about non-stop price movement that gets the adrenaline pumping for certain kinds of investors. Fortunately, there are many opportunities for those who want to be in the thick of things, making dozens of trades per session and always having a fresh one in view. If fast-paced buying and selling is your cup of tea, here is a short summary of four ways that you can get involved. The best part is that you won’t need to put a ton of money on the line, nor does it take months of intense study to learn how to use any of the techniques.

Precious Metals Scalping

Precious metals scalping is not for everyone, but those who like fast price action and the chance to make a daily income from speed-based transactions love nothing more. Unlike day trading, precious metals scalping only involves the four precious metals, gold, silver, platinum, and palladium. Additionally, the size of each trade tends to be larger than a standard day trade, and lasts for much less time.

Day Trading

Day traders make multiple round trips (a purchase and associated sale) per session and don’t hold positions overnight. That’s the basic definition of the strategy that many people engage in every day of the year. The good news is that learning how to day trade only takes a couple of weeks, and you can get started with a modest amount of capital as soon as you feel ready to go live. If you’re attracted to this kind of activity, remember to seek out a broker that is day trade friendly and offers plenty of educational resources to new account holders. Also, make sure that whoever you end up working with has a simulator available so you can practice quick order placement for a couple weeks before putting real money on the line.

Options

Stock options have long been a favorite among people who like to balance higher-risk investing with high potential rewards. Options contracts are complex instruments and there are unlimited mathematical strategies for setting up positions. However, sticking to simple vanilla options, contracts that give you the right to buy 100 shares of the underlying stock, can be the best way to get started in this fast-paced niche where prices often change rapidly.

Commodities Futures

Buying futures contracts on commodities is a favorite strategy for investors who like to take part in active markets. Prices change quickly on individuals’ commodities, which is why so many who follow this approach diversify their holdings among five or more assets at a time, like cotton, oil, copper, and wheat (just to name a few of the most frequently traded commodity’s futures). There are mini contracts for most of the major categories, so don’t expect to have to put thousands of dollars on the line to get started. Additionally, futures brokers usually offer high leverage to traders and the markets are very liquid.

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Can You Get a Business Degree in 2 Years?

Earning your business degree can put you on the path toward becoming a manager or running your own company. You may not be interested in an undergraduate degree, but you still want to further your education by attending college and earning at least an associate’s degree. There are some cases in which you can earn a bachelor’s in business in two years, but this would require transferring credits from a previously earned degree into a new program. For people with no past experience, two years of study will allow you to earn an associate’s in business administration or applied business.

How Much Does an Associate’s in Business Cost?

Tuition varies from state to state and college to college, but you’ll find that two-year degree programs are more affordable in terms of both cost and time. This makes them appealing for someone who wants to advance their education without going into serious debt or losing years to rigorous study. An associate’s typically costs half the price of a bachelor’s, so anticipate a total cost of approximately $8,000 to $20,000. There are options for paying for your degree that make it a manageable expense. You can use a student loan payoff calculator to compare private student loan rates and see how much you’d have to pay per month with each before making any final decisions.

Applied Business Associate’s Degree

An AAB degree allows you to choose from a variety of different disciplines to align your education with your career goals. Some of the most common specializations are human relations, financial management, marketing and accounting. You could also pursue an AAB with a focus in paralegal studies if you’re interested in working in law. The benefit of an AAB is that it qualifies you for entry-level work upon graduation and can easily be transferred into a bachelor’s program if you want to earn a four-year degree later.

Associate’s in Business Administration

If you’re more interested in business principles and management skills, then an associate’s degree in business administration could be a good fit for your career path. An ABA introduces students to the fundamentals of business with a strong emphasis on project management and communication skills. Just like an AAB, ABA degrees can be used as a stepping stone toward undergraduate programs either immediately upon graduation or after you’ve begun working.

Why Earn an Associate’s Degree?

The purpose of associate’s degrees is to build hirable skills in a short period of time, making you a worthy candidate for a number of positions or providing you with the knowledge you need to confidently pursue your professional goals. You are able to secure a job in a field you enjoy while earning a salary that allows you to provide for your family and gain financial stability. In today’s highly competitive job market, you need every credential possible to stand out. Earning a two-year degree shows future employers that you’re dedicated to the field and have taken the time necessary to develop the skills it takes to succeed.

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The Pros and Cons of Having a Short-Term Loan as a Student

One of the biggest challenges most students face today is balancing between finances and studies. If you are enrolled in a college or planning to do so, you must not only be focused on your studies but have to find a source of income to cater for your tuition fees, accommodation, and other essentials. For many students, they may not have a reliable source of income and that’s where a loan over short time comes in handy.

It’s very common for students to take short-term loans. So, if you are considering applying for one, know that you are not alone. In most colleges, especially if you are studying a competitive course, the tuition fees can be quite high. And even if you do receive a formal student loan, it may not be enough to pay for significant expenses such as rent or purchase of equipment for school projects.

During such instances, a short-term loan can provide you with fast cash. For students, a short-term loan offers many advantages, but it also has its drawbacks. Before applying for a loan, you must weigh the pros and cons so that you can make an informed decision.

The Pros

  1. Students with short term loans can afford college

Making ends meet as a student is not easy. However, short-term loans can be of immense help whenever you are in a fix. Are you late on paying your monthly rent? Do you still have some tuition balance to clear and the semester is almost over? Thanks to short-term loans, you can afford to be in college.

Whenever you meet a mandatory expense that you can’t afford at the moment. You can rely on short-term loans to help you cover that expense and you can continue with your studies. As a student, it is crucial that you identify needs worth taking a loan for. Do not take a short-term loan to pay for minor expenses such as food or transport. You can work part-time and use that money for such expenses.

  1. You can study, not only in every university but in your dream university

Even though the courses offered in every university are the same, some universities have more credibility than others. When you study in a recognized college, this can really pay off later when you are seeking employment. Because most companies will consider your application.

If you are planning on studying a certain course, your dream university isn’t only well-known, but it’s probably ranked as amongst the ones that produce the best students in your field of interest. The problem with the so-called dream universities is that they have higher tuition fees than their average counterparts.

As a student, you may have money for ordinary colleges. But with a short-term loan, you can top up the extra money and be able to afford not just every university, but your dream university. As a result, you can accomplish your dream of studying what you want in your preferred university.

  1. You will pay the loan faster and any revenue generated after graduating will go directly into your pockets

This is one advantage that you can’t get from student loans and long-term loans. Short-term loans usually have a repayment period of one or two years. With such a short repayment duration, in the future, you won’t be burdened by loans you took when you were studying. All the salary you will be getting from your job will go directly into your pockets. And this will give you a lot of financial freedom, which most people do not have nowadays.

The Cons

  1. Short term loans can be expensive

The short repayment duration associated with this type of loan can be a blessing and a curse. As a blessing, we talked about how you can pay it faster and enjoy all revenue generated after graduation. It can also be a curse because the more you take, the more premiums you will have to pay in a short time.

With short-term loans, never bite more than you can chew. If you take a loan that you can’t afford, the monthly premiums will be very expensive for you to pay off. Considering that you are still a student and have expenses to pay for, adding expensive monthly loan repayments can drastically affect your financial life.

  1. Defaulting on your student loans can tank your credit score

If you pay off your short-term loan in time, your credit score will benefit the most as it will increase significantly. However, if you default, you will lower your credit score. And graduating with a bad credit score isn’t a good way to start life as an adult.

Life after college isn’t always a smooth ride, and you may need to get some financial aid from time to time. A bad credit score exposes you to abnormal interest rates and strict borrowing terms. A word of advice, before taking a short-term loan as a student, evaluate your ability to repay the loan in time.

  1. You will have to work while studying

To help with paying off your short-term loan, you must get a part-time job. Even though this is something most students usually do, in the case of one with a loan to pay, it is mandatory that they earn as much money as they can. So that they can repay their loan in time.

Please note that being a working student isn’t easy. You will have to balance between work and studies. At times, you may have a double shift in the evening and have classes or assignments that need to be done. You, therefore, need to be disciplined.

The Bottom Line

For many students, short-term loans can offer financial relief in situations when they need money for tuition, accommodation, or other school-related projects. However, they also have certain risks. If you are a student considering taking a short-term loan, you need to be aware of the pros and cons so that you can decide on the right course of action.

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How to Become a School Psychologist

A school psychologist is an invaluable asset to any institution that wants a safe and healthy environment for its students and their future. The increase in anxiety and depression rates among children makes it crucial to create systems where qualified professionals assist those who need help. Here’s everything the role entails, including psychologist education requirements, and a step-by-step guide.

What is School Psychology?

School psychologists work closely with teachers, administrators, and parents to help students learn skills that will help them in school or life. These professionals encourage students and support a safe learning environment.

School psychologists are knowledgeable about how children learn and how instructors teach.  As such, they can work with students to accentuate their strengths and improve their weaknesses. What’s more, school psychologists may also contribute to reshaping teaching practices for K-12 schools as well.

What does a School Psychologist do?

School psychologists work with students to manage various behavioral, emotional, and academic issues. They also serve on interdisciplinary teams that address the needs of at-risk learners. Besides, some school districts have implemented new mental health programs for their schools in response to increased demand from parents. Many school psychologists work independently or through consulting other professionals, such as teachers.

Steps to Become a School Psychologist

There are four steps to becoming a school psychologist.

Here’s a step-by-step guide.

1. Complete a degree

A degree in psychology could be all you need to pursue this career path. But, if you’re planning on specializing in children from kindergarten through fifth grade, you’ll also need an undergraduate degree in a related field. While it’s not mandatory, a postgraduate study for educational psychologists can enhance your chances of getting a good gig. 

Additionally, the Ed.S (Education Specialist) qualification is a popular choice for students who want to study education. Specifically, it helps those who don’t have enough time or funding to complete their Master’s degree and need an additional credential to be qualified for higher positions requiring two degrees.

2. Obtain State Licensure

What are the requirements in your state?  While every place has slightly different rules, you’ll need at least 60 credit hours of coursework and over 1,200 supervised training hours before getting licensed.  You also have to take an exam, which might vary depending on the state in which you’ll be working.

3. Secure the Job

Aspiring school psychologists should always be looking for work, even before completing their education and supervision.  This helps build a network of fellow professionals who are in similar positions as yourself that may come through with job opportunities when they arise.  There is no one type of environment where these specialists will find themselves working, so you must keep an open mind about the possibilities.

4. Maintain certification

Getting the job is one thing, but maintaining credentials and staying current in the field is another. Foremost, you must ensure that your school psychologist certification is up-to-date by undertaking continuous professional development activities.  Keeping the certification also means meeting various requirements, which vary with the state. Some states require renewal every 2-5 years, while others only set that requirement if your license expires or is revoked due to disciplinary action. 

However, all of them mandate at least one continuing education course within the first five years for new license applicants.  As a school psychologist, you’ll be in tune with the kids and their parents. You must also possess strong diplomatic skills and compassion for those around you. The rewarding part of this position is that you get to help young people become better versions of themselves, implementing change within your community.

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