Thursday, August 24, 2006

How to get financial aid for your online education?

By: Mansi Gupta

Time has changed and over the years education is no more restricted to pen, paper, classrooms, blackboards etc. Today when time is deemed to be more crucial than money and people in even in remote corners of the world crave to acquire education and its benefits, online education has definitely come up as a desired boon.

Online education is education via the medium of Internet that can be gained synchronously or asynchronously. At present online education is far superior from the conventional mode of learning (i.e. going to universities, attending classes and so forth) in many ways. Online education is not just a means to make judicious use of time but it is also acquiring the best possible degree in academics anytime anywhere.

Though merits of online education outweigh the classroom education in many respects, its greatest drawback is its cost. Online education is significantly expensive in comparison to usual university education. This is precisely the reason that every individual cannot dream of getting an online degree.

But with a surge in enticement for online education some universities imparting it have devised several ways to financially assist the aspirants. The foremost and ideal step in this direction is education loans and giving scholarships.

Whereas loan or arranging finance for online education is concerned the foremost step is to fill up your FASFA i.e. Free Application for Federal Student Aid. The FASFA is an application published by the Department of Education. This application gives the aspirant an idea of the kind of funding he or she is eligible for. Once the application form is properly filled and sent, wait for the confirmation. Usually receiving a confirmation letter is a matter of one or two days. The confirmation letter will brief you about the kind and number of programs you meant for you. This process is quite simple and easy to follow.

After acquiring the confirmation letter, contact the Financial Aid office of the desired college/s. The financial aid officer there will explain you the various types of financial aid packages available that vary from work-study programs to government aid. He will lend you the requisite forms for different colleges. Finally it is at your discretion which college to opt for though the officer will definitely guide you in your selection.

Once the loan application is completed, it will be sent to the school for the process of verification and processing. Usually banks do not fund the students directly but via the concerned institution. The bank sends the money at the commencement of the session.

This is helpful to both the student and the institution.

Apart from loans there are scholarship programs such as the Hope Scholarship Tax Credit that offers a maximum 100% on the first $1000 and 50% on the second $1000 spent for educational purposes. Similarly the Lifetime Learning Tax Credit, the Higher Education Tuition and Fees Deduction are other means to save money on your online educational expenses.

About the Author:

Mansi gupta recommends that you visit http://www.onlineuniversitylowdown.com/financial_aid/index.html for more information on online education financial aid.

Article Source: http://articles.simplysearch4it.com/article/26999.html

Wednesday, August 16, 2006

Online Education A Better Option for Businesses Than In-House Executive MBA Programs

By: Search for classes

Many businesses related companies offer executive MBA programs for their senior executives through an affiliation with a traditional university. While these programs are aimed at those who do not wish to take a break from their careers and enroll full time, they are certainly not exclusive in their purpose. With the popularity of online MBA programs on the rise, it seems only a matter of time before E-MBA programs will see a decline in number.

The main advantage of an executive MBA program is that working adults can use prior business experience toward their degree. While online programs traditionally do not accept past experiences as credit toward completion, a few make exceptions. At one time, E-MBA programs were the only way working executives could obtain an MBA without full time enrollment. Online offerings have presented many more options for those in this particular situation over the last several years. While the end result of either choice will likely be a good education for the postgraduate student, online offerings are a better choice for businesses.

When businesses affiliate with a university in order to offer an E-MBA program, they are essentially guaranteeing themselves of executives with the exact same learning experiences, aside from chosen concentrations. Because businesses are better served by having a multitude of executives with independent experiences that can be brought to the table versus a collective conscience that details one institutions instruction methods, many companies are opting for allowing their employees to enroll in the online MBA program of their own choice. The obvious immediate benefit is that businesses can utilize a variety of approaches when marketing, problem solving, or simply conducting company affairs.

Since the different curriculum and instruction can vary widely between one online institution and the next, there is a better chance that interaction between executives will result in the best possible ideas, solutions and policies. Additionally, online MBA programs afford executives the ability to interact with other students who come from diverse backgrounds both socially and in the job market as well. Executives must rely on their online counterparts for group projects instead of their co-workers, which is often the case in E-MBA programs. Having interactions with different students who hold differing experience levels and an unfamiliar point of view can provide enrichment and understanding that staying within a close knit group simply cannot. Businesses who value well rounded employees would do well to take note.

About The Author:

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Article Source: http://articles.simplysearch4it.com