Borrowing Money for School

How to Receive a Grant or Loan for Living Expenses as You Take Online Classes

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In Brief...

Many college students worry about how to cover rent, groceries and utility bills while focusing on schoolwork. Apply to an online school that qualifies for Pell Grants and federal student loans. The FAFSA will apply for both a Pell grant and federal student loans at the same time. A research assistant or teaching assistant will pay a monthly stipend designed to cover living expenses. Additionally, online school makes it easier to work a job to help defray living expenses.

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