How to Start Building Credit in College

As you prepare to enter college, you need to make sure that you also set yourself up for success when it comes to your credit score and financial future. If you do not start working on it now, you will not be able to finance the things you want as you transition from college life into real life. Below, we will go over some ways that you can start to build up your credit while you are in college.

  1. Get a Credit Card

One of the first steps that you can take to build up your credit in college is to get yourself a credit card. You will find that there are MANY choices when it comes to credit card options. You should evaluate all of your options before you apply for any.

As you look for a card, think about whether or not you want cash rewards, point rewards, or none of those options. You also need to study the information presented to you and make note of any annual fees, interest fees, and minimum payment charges.


If you do apply for a card and are approved, you should only use your card to purchase items that you know you can afford. It would not make much sense to purchase a $750 television set if you know you do not have that much money in your account.

Be wise and spend frugally when it comes to your card.

  1. Consider Being an Authorized User

If you cannot get your own credit card or you do not want to make that big of a step just yet, consider talking to your parents and find out if you can be an authorized user on their credit card.

When you are an authorized user, you can start to build up your credit score, but you do not have as much liability. Of course, you are responsible for your own payments, but your parents can safeguard you and themselves by controlling the spending privileges you have too.

Also, even if you do not use the card, you will receive a boost in your credit score when your parents make their monthly payments and use the card.

  1. Put a Bill in Your Name

Another way to start building up credit while you are in college is to open up an account with a billing company in your name. What we mean by this is something such as a cell phone or a utility bill.

These companies report your payment history and balance to all credit bureaus and you will find that as you pay your balance each month, your score receives a small boost.

The more you pay your bill on time, the more likely it is that you will start to receive enticing offers for credit cards that have zero interest, no fees, etc.

  1. Pay Your Bills

We mentioned that you should put a bill in your name above, but just a bill alone will not boost or build your credit score. You need to pay that bill too!

You want to do your best to avoid missing payments or paying late on your bills because this will negatively impact your credit score.


Remember, pay ALL of your bills on time ALL of the time! If you ever find yourself in a situation where you cannot afford the payment, call the company you have a balance with immediately. They may be willing to work with you and when they do, they do not typically report the outstanding balance as a late payment.

  1. Pay Your Student Loan Interest

Paying your student loans or at minimum, the interest on them, will help you build your credit while you are in college. These interest payments are not going to be much, but your federal student loans do show on your credit report. Therefore, if you pay them, it will show and it will improve and build up your credit score.

  1. Keep Your Debt Low

If you do have some debt, make sure you keep it to a minimum. Companies look at your debt to income ratio and if you have more debt than income, you will hurt your credit score.

Even if you use your credit card, make sure you do not max it out and do not carry a balance on it from month to month without making full payments.

Building credit in college will take some financial discipline and work, but it is possible. You will find that if you build your credit now, you will have a wonderful financial future ahead of you.






The Differences Between Federal and Private Student Loans

If you have already decided that a student loan is in your near future, you may be wondering just what the difference is between a federal student loan and a private student loan. While both of these loans will provide you with money to go to school, there are many key differences that you need to take into consideration before you settle on the type you plan to take out. Below, we will go over the differences, which should help you pick the right one much more easily.

Federal Student Loans

sd67shsdWhen you take a look at federal student loans, there are two main types, which include the federal direct loan program and the federal Perkins loan program. The Perkins loan program is designed for students who have an exceptional financial need and is not as common.

The federal direct loan program is one of the most popular and relied on loan programs for students. The Department of Education is the lender when you take out one of these loans. There are four subcategories of loans, which include the direct subsidized loan, direct unsubsidized loan, direct PLUS loans, and direct consolidation loans.

Subsidized loans are for students who do have a financial need and unsubsidized loans are for students who do not need help financially.

Benefits of the Federal Student Loan Program

Federal student loans are beneficial for students in a variety of ways. For example, you do not have to pay interest on your loans until you graduate or leave school. In some cases, the government will actually pay for the interest on your student loans while you attend school.

Federal student loans also offer flexible repayment plans. You can apply for different programs including the income-based repayment plan. This plan will evaluate how much money you make annually and then base your monthly payments on a percentage of your discretionary income. Sometimes, students have a $0 payment every month.

In addition, loan forgiveness programs do exist and as long as you meet the requirements, your loan will be forgiven.

Lastly, the interest rate on your loan is fixed instead of variable. This means that you will pay the same interest rate throughout the life of your loan and you do not have to worry about it fluctuating.

Private Student Loans

hgss76shgssA private student loan is a loan that is offered by a bank or private institution and it is not offered through the federal program. These loans are different than federal loans and offer a variety of different benefits.

Typically, to apply for a private student loan, you need to have good credit, a favorable credit history, a job, and you may need a co-signer. This is often difficult for students to obtain and thus, they cannot always apply for a private loan.

Benefits of Private Student Loans

While these types of loans differ from the federal loan program, there are still some benefits of choosing this option.

For starters, private loans often come with a variable interest rate, which means you may receive a significantly lower interest rate than you would with a federal loan. If you are not too worried about a rate increase, then the variable rate will benefit you in a number of ways and you will not only pay less per month, you will also save thousands of dollars.

Private student loans are also beneficial because you can obtain more than one when needed. A federal student loan is only offered in per year or semester amounts, whereas, you can obtain multiple private loans.

Downsides to Private Student Loans

There are some downsides to private student loans. For example, you do not have the same repayment options and protections that federal student loans offer and you must repay private loans immediately, meaning there is no break in between the time you receive the money and the time you graduate.

Final Thoughts on Federal and Private Student Loans

gfsasa6shgssdFederal student loans are a wise choice, but ultimately, it is up to you as to which one you want to apply for. Remember, you do have more protection when you apply for and receive a federal loan.…

Financing college education – Student loan and Scholarship programs

Going to college is exciting. New school. New environment. New friends. It is the start of a new journey for those students who are determined to achieve their dreams. However, getting a higher education is not an easy thing. The journey would be full of challenges, and this includes financial difficulties especially for those who do not have enough resources to finance their college education.

Getting a college education

gfasghasghasLack of fund is not a hindrance though if you really want to achieve your dreams. There are several ways on how you can finance your college education. You can either get a student loan or apply for scholarships. Both of which you can get from the government or private institutions.

Student Loan

In the US, most students who are financially incapable of going to college take advantage of student loans. But then, just like any other loan, a student loan bears interest, and it is something that should be paid off after a certain period of time. Otherwise, it could cause several problems. In fact, there is a huge number of people in America who are so troubled because of student loans.

You probably have heard the story of a Dad battles to get college debts removed. With this, you can tell that student loans can be stressful if not paid on time. Therefore, if you opt to take out a student loan for you to go to college, you should be responsible enough. Right after you graduate, you should come up with a smart plan on how you can settle your student debt.


Unlike a student loan, taking advantage of a college scholarship won’t involve a debt that needs to be paid. This is a great privilege for students who meet the qualifications for a certain scholarship program. There are several scholarships that you can apply for if this is the path that you want to take. You can check the programs that are being offered by the US government. Many private companies are also providing such assistance to all worthy students.

gfsagfasgsagasMost of the time, the qualifications for scholarship grants are based on the academic standing of a student. If he or she maintains the required grade, then the scholarship program will continue to finance the college education. On the other hand, if a scholarship grantee fails to maintain the requirements, then he will lose the privilege.

Getting a higher education is, indeed, very challenging. Whether you opt to avail of a student loan or a scholarship program, you have to be responsible enough. Keep in mind that there is nothing impossible. If you are determined, you will surely attain your goal.…

Federal Government and Private Student Loans

Student loans have helped thousands of students and parents over the past years. They have assisted in paying for tuition fees, student accommodation, textbooks and many other things that are associated with studies and a student’s life in college.

Which institutions provide student loans?

Two types of organizations offer student loans, these are the federal government and organizations that bbhyjrhegrfdisburse private student loans. While students can take many loans from both the government and these private institutions. The conditions are more or less the same. The student will have to start paying back the loan once they start working.

What are the differences between Federal Government and Private student loans? Let us explore them according to CFPB reports that give us some great insight.

Federal Government Student Loans


When it comes to federal government loans, there are some distinct differences. Federal government loans can be subsidized in some instances. Further, the loan interest rates are usually fixed and for these loans, any person that is pursuing a career in the public service sector can get an extended repayment period.

Borrower protection

When a student takes out a loan from the federal government, there are many facets of borrow protection that are in place. These will include the discharge of the loan upon permanent disability or death of the borrow and the option to delay or temporarily forgo repayments.

These are some great features of a student loan taken from the federal government.

Private student loans

fghhgfdThese are loans that are offered by private financial institutions like credit unions or banks. They may carry a variable interest rate and to qualify for one, you must have a good credit history, a co-signer in many cases will depend on the course of study or school you attend.

Private student loans are structured differently and may not be as flexible as federal government loans and in most cases carry no borrow protection. The benefit, however, is that the loans may be disbursed much sooner than a federal government student loan.

Defaulting on a student loan

The federal government loans carry rather hefty penalties for those who default on student loans. The argument here can be that there are so many benefits and options that there is no need to default. The private loans may carry lesser penalties but in both cases your credit history will be marked, and this will hinder your future applications for any financing requirements.

Student loans are a great facility to help you achieve your educational goals, but you must always ensure you pay them back on time.…

Do’s and Don’ts for a successful High School Science Fair Project

Coming up with a unique project idea can be challenging especially when the science background of a student is poor.


Parents and teachers have a significant role to play in helping students choose and execute their projects.

It is vital for a student to select a project that can be done within the predetermined budget and time.

Students should come up with quick and easy high school science fair projects that match their abilities and which they can perform well.

Do’s and Don’ts to aid students succeed in their projects

• Proper selection of research topic is crucial. Students should pick on topics they are comfortable in.

computer-103577_640It should be the topic they are well-acquainted in and can gather as much information as possible.

Some students select topics they cannot complete within the stipulated timeframe and end up failing.

Projects that are time-consuming and require information from sources they cannot access should not be picked.

Magazines, internet articles, documentaries and reference books among others are excellent sources of information.

• It is vital to start a project early. A big mistake that most students do is to wait until last minute then they start working on their projects.

What happens is that they end up including wrong and misleading information that makes their projects rejected.

Starting a project the earliest is the best step to take.

• Choose a proper scientific method when doing a project.

This helps in showing the objective of the project when writing a hypothesis, how variable were measured, and how they were selected.

This gives the project some direction and indicates that the student had some goal in mind.

• Incorporating charts, graphs, lettering and background colors make the project easy to understand. Besides, it also makes it grab attention with ease.

However, students should be keen when choosing background colors. Clashing colors can reduce the final mark.

• Practice before the final presentation matters a lot. Practice helps a student realize flaws in their projects and gives them time to do the necessary corrections.

Doing a dry run in front of friends or family members is the best step to take.

Quick and easy high school science fair projects are the best learning experiences students can undertake to qualify for scholarships, earn prizes as well as distinguish them for college application. In fact, it involves much more than typical homework as it involves a lot of thinking and creativity.

In summary, the success of any science project heavily depends on the topic chosen.

Difference Between The Education in India and USA



It ‘s hard to determine which is the best between the U.S. Education system and the Indian Education System.

Both education systems have their share of benefits and drawbacks. Both systems have been able to produce world-class scholars and leaders.

An American, who has never been in India, cannot fully understand the Indian Education system and vice versa.

The two systems feature some similarities as well as differences.

This article will dwell on the differences between the two education systems.

book-1176256_640The first difference between the two systems is that while in the U.S. a teacher ought to possess state certification and license to teach, in India a teacher can begin teaching elementary classes after acquiring masters or bachelor degree.

Though, to be eligible to teach higher classes, they should continue studies to acquire the requisite qualifications and experience.

The curriculum design for each country is also different. For example, while in the U.S.A. a curriculum designed for lower grade may not be related to a curriculum designed for the upper grade, in India the design for upper and lower grade curriculums must be linked to each other.

Case in point, the concepts taught in 9th grade have to be introduced in the 8th grade.

The American curriculum gives sports and the extracurricular activities the same level of importance as the core subjects.

At the same time, India’s is traditional in nature. That means that they lay more emphasis on the core subjects.

Sports and the extracurricular activities are peripheral and are not as important as the core courses.

That, in a way, points to another difference in each of the education systems.

America’s education system is flexible and flexibly designed such that high school students do not have any difficulty passing the

On the other hand, the Indian standard of education is high and rigid.

The curriculum is tough, and it is so designed to prepare students for challenges or difficulties later in life.

To highlight the difference in flexibility, in India Math is compulsory to the 10th standard while in the U.S.A math is an optional course.

In India both lower and upper grade students have to sit for tests while in the U.S. there is no formal examination for lower grade students- but upper grade students have to appear for tests.

And, thus, every day students in India, both lower grade and upper grade, have to carry stacks of books to school unlike in the U.S.A where students don’t need to carry so many books.

All in all, despite the vast differences, both systems boast of brilliant results.

They all have produced brilliant men and women in every field. They each have their peculiar benefits and share of drawbacks.…