Thank you for this video

@TheScholarshipSystem

10 ай бұрын

You're welcome!

Hello, I just watched your videos in which you talked about Scholarships and I found it extremely helpful!! I have have a few questions though: I live in Minnesota (twin cities area) and I have applied to the FAFSA scholarship but I am having issues finding other scholarships that fit the descriptions you suggested i.e: Community scholarships and Activity based scholarships. Do you know what the best place for me to start is? (BTW: I am a senior in High school) Again, your videos are very helpful!!

@TheScholarshipSystem

2 жыл бұрын

Hi, Khalid! Here is a link to an article from our blog that you may find helpful in searching for local scholarships: thescholarshipsystem.com/blog-for-students-families/how-to-find-local-scholarships-to-pay-for-college/

its sad, all i see are tiktoks with THOUSANDS of comments by graduates that dont understand how they have paid their loans for 10 years and barely paid off the interest. of course they are paying the min payment. So much information on youtube that doesnt get to the right people.

@TheScholarshipSystem

Жыл бұрын

YES!

As I pay down the principal does the interest accrued change each month? In your example of $5000 with monthly interest accrued of $15. If I could pay 100$ that month and got it down to $4915 (5000+15-100), is $4915 my new principle for calculating interest? Or is 5000 always my principal no matter how much of the loan I've paid off?

@TheScholarshipSystem

Жыл бұрын

The interest accrued is based on the new principal balance. So over time, the interest paid will be less and less, and your payment will be going more towards the principal balance.

I used the calculator you linked and I'm not getting the same total payments as you did in your video. I'm assuming because its not an unsubsidized calculator but instead a subsidized calculator?

@TheScholarshipSystem

Жыл бұрын

That may be it, but also, please keep in mind that this video was released in 2021 and the interest rates have changed since then!

Can you still get scholarships if you are in grad school ? I’m currently in an EdD program, first gen Hispanic student. Oldest in my family. Not sure what or who to ask. But my student loans are starting to add up

@TheScholarshipSystem

Ай бұрын

This article might be helpful: thescholarshipsystem.com/blog-for-students-families/pay-grad-school-without-student-loans/

@TheScholarshipSystem

Ай бұрын

Yes. At the graduate level, you may also want to look for assistantships and fellowships.

Hi are there scholarships for medical school?

@TheScholarshipSystem

10 ай бұрын

Absolutely. They are a bit harder to find that scholarships for undergraduate students, but they do exist. This blog post may help as well: thescholarshipsystem.com/blog-for-students-families/pay-grad-school-without-student-loans/

But 3.65/365 is 0.01 not 0.0001 - What am I missing here

@TheScholarshipSystem

Жыл бұрын

3.65% = .0365. You need to convert the percentage to a fraction prior to dividing by 365 days.