A parent refusing to provide support for their child's education is not sufficient for the child to be declared independent. One of several popular types of retirement funds. It is not legal to borrow money from your IRA to help pay for your children's education. Internship Part-time job during the academic year or the summer months in which a student receives supervised practical training in a their field. Internships are often very closely related to the student's academic and career goals, and may serve as a precursor to professional employment.
Some internships provide very close supervision by a mentor in an apprenticeship-like relationship.
Some internships provide the student with a stipend, some don't. Return to top. Loan A type of financial aid which must be repaid, with interest. These loans are better than most consumer loans because they have lower interest rates and do not require a credit check or collateral. The Stafford Loans and Perkins Loans also provide a variety of deferment options and extended repayment terms.