3 Smart Ways Las Vegas Students Fund College Expenses with Title Loans
College is expensive, and it is getting more so every day. The cost of tuition seems to go up every year, as does the cost of textbooks and the general cost of living. Even if you’re sharing a modest apartment with a couple of roommates, you are going to pay a lot of money every month.
Getting a couple of grants or even a student loan often isn’t enough to cover all the costs of a college education these days. And even if you can get the full amount you need from grants and student loans, you may end up paying some hefty interest rates for the “privilege.”
Car title loans in Las Vegas offer an alternative for students in Las Vegas, Nevada, and beyond. Title loans give you the money you need based on the equity you have in your car. If you own your car outright, you can get a loan for its value and use the vehicle as collateral. You’ll enjoy a low interest rate, and you can get approved for the loan independent of your credit history.
Here are three smart ways that Las Vegas students are using title loans to help them pay for college expenses:
Supplement Scholarships and Loans
It’s becoming harder and harder to get the money you need for college. Your parents probably had no trouble getting student loans if they couldn’t get scholarships. But these days, college students can’t even get the money they need if they promise to pay it back with exorbitant interest. Forget about scholarships! If you’re lucky enough to get one, it will likely only pay a few hundred dollars – maybe a few thousand.
If you are struggling to come up with the full amount for your tuition, you can look at a car title loan to make up the difference. Car title loans are unlikely to offer you the full amount you need for tuition unless you are attending a community college and drive a high-end vehicle. However, these loans can give you the money you need to make up the difference with your loans and scholarships.