Personal loans for college students

August 27, 2009 by admin · Leave a Comment
Filed under: Unsecured Personal Loan 

How will you pay your college expenses?

How will you pay your college expenses?

Millions of college students and their parents are panicking right now. Even at a public university, the average tuition is more than $12,000 a year. Some of the students got financial aid or a scholarship, but most are probably sweating bullets trying to figure how to pay for their tuition, fees, books, laptop, apartment, food, gas … Even dorm life costs close to $5,000 a year, and more and more parents and students are turning to personal loans to meet the skyrocketing costs.

If you think personal loans aren’t the way to go, you have some other options. Luckily, there are a few reliable revenue sources students have always known about. For instance, after taxes, a part-time, minimum-wage job will bring in roughly $4,500 during the school year. Or, there are some blood banks that pay plasma donors as much as $35 per donation, and will allow two donations a week, netting roughly $2,500 a year. And all students seem to have easy access to mountains of empty beer cans that can be recycled for easy cash.

But selling blood and beer cans isn’t enough to fill the gap for today’s college students. Getting an undergraduate degree means leaving college with an average of $20,000 in student loan debt. Graduates of law or medical schools take on an average of $100,000 in student loan debt.

Obviously, college students need another way to meet their financial needs, and personal loans are among the solutions. If you’re one of those panicked students or parents, AmericanUnsecured might be able to help you find unsecured personal loans. AmericanUnsecured isn’t a lender; they’re a loan consulting firm that can help you learn more about personal loans and find the lender that best meets your needs. In fact, they’ve been the largest loan consulting firm in the country for the last nine years, helping more than 500,000 people annually.