Tag Archives: loan
Student Loan Tips For Recent Graduates
It seemed like a great idea at the time. Getting a personal loan was hardly an option, but financial aid institutions provided loan after loan to get you through school. If financial aid was your sole provider of getting through school, chances are, you feel like your student loan is going to follow you around … Continue reading
Most Common Federal Student Loan Programs
The Federal Student Loan Program was created to meet the financial aid needs of a variety of students. Therefore, not all student loan programs are created or distributed equally. The two primary student loan categories are public or private. The difference being that the former is funded by government programs and the latter is offered … Continue reading
Federal Student Aid Grants
Federal Student Aid Grants, unlike a student loan, do not have to be repaid. There are 5 federally regulated student aid grants available to students of varying educational pursuits. The Teacher Education Assistance for College and Higher Education Grant (TEACH Grant) The College Cost Reduction and Access Act of 2007 created the TEACH grant program … Continue reading
Maximizing Your Financial Aid Eligibility
The following are the top strategies in impacting need-based financial aid eligibility: 1. To maximize financial aid, save money in the parent’s name, not the child’s name. 2. Pay off consumer debt, such as credit card and auto loan balances 3. Parents should go back to school to further their own education at the same … Continue reading
Avoid Losing Your Student Aid
According to the U.S. Department of Education, if a student is convicted of a drug offense after receiving federal student aid money, he or she must notify the financial aid department immediately and that student will become ineligible for any further student aid. They will also be responsible for reimbursing any and all financial aid … Continue reading
Avoid Frustrating Mistakes on your Free Application for Federal Student Aid (FAFSA)
A mistake on your FAFSA can delay the processing of your application by up to three weeks. Consider this statistic, one in seven FAFSA forms is returned do to errors. It can happen to you and it can result in your being denied student aid due to lack of funding. Common mistakes when filing your … Continue reading
Student Loan Tips For New Graduates
It seemed like a great idea at the time. Getting a personal loan was hardly an option, but financial aid institutions provided loan after loan to get you through school. If financial aid was your sole provider of getting through school, chances are, you feel like your student loan is going to follow you around … Continue reading
The Different Types of Federal Student Aid
There are six federal student aid programs you should definitely know about. They include the following: Federal Pell Grants This is need-based financial aid. The amount of student aid you receive will depend largely on how much it costs to attend the school of your choice. The money for the Federal Pell Grant comes to … Continue reading
Basics on the Free Application for Federal Student Aid (FAFSA)
The Free Application for Federal Student Aid is a form that can be filled out annually by current and prospective college students in the United States to determine their eligibility for federal student aid. The Department of Education begins accepting the FAFSA on January 1st of each year. For previous FAFSA applicants, a renewal form … Continue reading
Common Questions About Federal Student Aid
1. I probably don’t qualify for federal student aid. Should I apply anyways? Yes. Many families mistakenly think they don’t qualify for federal student aid and prevent themselves from receiving any federal student aid. There are several sources of student aid, such as an unsubsidized Stafford student loan, that are available regardless of need. 2. … Continue reading