FINANCIAL AID... LOANS... OR PAY AS YOU GO?

How you choose to pay for school can have a profound impact on the way you start your new career and your financial health over the next 5 to 10 years.

FINANCIAL AID & LOANS

There are schools that let you attend now and pay later.  Usually this means that you must take out a loan, pay interest up to, and sometimes, more than 20% over the next 5 to 10 years.  Apart from the high cost of financing your starting tuition amount may end up being 3 or 4 times higher than you need to pay simply because offering loans is very expensive to the school.   The cost of credit checking, underwriting, statementing, billing and collections all costs the school time and money which is passed along to the student.   Also, when some students fail to pay back their loans that cost is passed on to the students who do pay.  Why should you pay for someone else to go to school?  If you have a choice its always smarter to pay-as-you-go!

THE SMARTER ALTERNATIVE - PAY AS YOU GO!

There are schools (like the Monterey Academy of Hair Design) that don't offer loans.  They are "pay as you go schools" which means that you pay your tuition monthly while attending school and graduate debt free.  If this is an option for you its a much better choice.  You:

• AVOID paying tuition and fees that are 3 or 4 times higher than necessary because the school is not incurring the cost of loan underwriting, processing and bad debts!
• AVOID paying for other students (who didn't pay off their loans) to go to school.  Their bad debts are passed on to the students who do pay!
• AVOID paying thousands of dollars in high interest rates and loans fees.
• AVOID starting your new career in debt with a huge loan obligation hanging over your head.
• AVOID the risk of bad credit in the event you can't pay off that enormous loan.

Start your new career with the peace of mind knowing you are not tens of thousands of dollars in debt and knowing that you made a smart choice to get a great education at a reasonable price!