Thank you, Carla Thornton! In the January 24th edition of USA Weekend, Carla wrote about social lending sites. If you as a college student or prospective college student are worried about paying for college, these sites may be the answer.
Carla’s article suggests going online to GreenNote.com where you can petition those who are registered lenders on this site to fund your college loan. All you need to do is list the amount you are looking for and write about yourself. Anyone on the network can help, or you can ask friends and family to sign up on this site as lenders and pool their resources. Loans on this site are offered at 6.8% interest, but lenders can waive the interest rate.
Carla also mentions another option, CollegeDegreeFund.com. This money is interest-free but is in small amounts, some amounts as low as $1. Still even small amounts can add up. This site will connect you to companies or individuals willing to loan monies.
Other popular lending lending communities include Prosper.com and LendingClub.com. CollegeBasics recommends that people should check out terms and payment schedules of any lender.
NEWS! CollegeBasics now has a new e-book The Basics for Writing College Application Essays: Simple How-to Steps for Writing All College Essays from the Personal Statement to the Short Activity Essay that outlines every aspect of writing the college application essay. This book explains how to write different kinds of application essays from the short activity essay to the personal statement to scholarship essays and more and offers samples of essays and essay edits. This book can really help you.