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Who is eligible for scholarships?
I’m a high school senior starting to seriously look at college. Everyone keeps saying to apply for scholarships, but it feels overwhelming. What exactly makes someone a good candidate for a scholarship? Are we talking straight-A students only? Does it matter if you’re going to a state school versus a private university? What about if…
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What are scholarships?
Okay, so I keep hearing about "scholarships" for college. Everyone says "apply for scholarships!" like it’s magic free money. But…what actually are they? Are they just for super smart people? Do you have to pay them back? I’m a bit overwhelmed with the whole college application process and this is just another thing I don’t…
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What are the alternatives to taking out a loan
Okay, so I’m in a bit of a pickle. I need to come up with some cash, maybe around $5,000-$7,000, for some home renovations – specifically, redoing the bathroom. The current one is ancient and frankly, kind of embarrassing. I was thinking of just taking out a personal loan, but the interest rates are scaring…
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What are the risks of taking out a loan
I’m thinking about taking out a loan to finally fix up my old car. It’s been limping along for months, and repairs are adding up. But, honestly, the thought of owing all that money makes me nervous. I know generally that there are risks involved, but I’d like to understand them more specifically. I’m particularly…
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What is the difference between a fixed and variable interest rate
Okay, so I’m looking at getting a mortgage, and everyone keeps talking about fixed vs. variable interest rates. I think I understand the basic idea – one stays the same, and the other changes – but I’m really trying to figure out the implications for me. Specifically, I’m wondering: How much do variable rates typically…
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How do I calculate my loan payments
Okay, here’s the re-written post:# How do I calculate my loan paymentsI’m trying to figure out how much my monthly payments are going to be for a loan I’m taking out, but I’m getting really confused. I’ve seen calculators online, but I want to understand the math behind it.Specifically, I’m looking at a personal loan…
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