College Loans, Scholarships, Grants
To be eligible for federal student aid, you must
be a U.S. citizen or eligible noncitizen (for most programs) with a valid Social Security number (SSN)
be working toward a degree or certificate
have a high school diploma or a General Educational Development (GED) certificate; pass an approved ability-to-benefit (ATB) test (if you don’t have [...]
You can get an early estimate of your federal student aid eligibility by using FAFSA4caster, an online tool designed to help students and families financially plan for college. After you complete FAFSA4caster, your estimated aid eligibility will be displayed instantly.
The information includes the types of federal student aid you might be eligible to receive and estimated award amounts. If you plan to attend school full-time at a four-year public school, it shows the types of federal student aid that might help cover that cost, listing your estimated award amount for any federal grant programs and providing examples of award packages with in-state and out-of-state costs.
Here are some of the types of federal student loans available and how much you can borrow?
Types of loans:
• Federal Perkins Loans
Made through participating schools to undergraduate, graduate and professional degree students.
Offered by participating schools to students who demonstrate financial need.
The funds you obtain to pay for your education should first come from scholarships and grants. Here is a breakdown of different ways to fund your college education.
Money you do not have to repay
Available personal savings
Scholarships and grants (may have special requirements to maintain eligibility)
Work-study earnings
Cheapest loans
Subsidized and unsubsidized federal student loans (including low interest [...]
Here are just some of the expenses you might incur.
Fees:
Fees depend on the school you’re attending. This list can be obtained directly from the school. Fees include activity fees, parking decal fees, etc.
Books:
Books can be expensive.
The four stages in the federal student aid process are
Prepare/Aware - what you need to know about federal student aid.
Apply - how to apply and what happens when you apply for federal student aid.
Receive - when and how do you receive your aid.
Repay - whom do you repay the loan to and what to do [...]
When you’re considering college—or some form of education after high school—financial aid almost always comes to mind. How much aid you’ll receive may be a deciding factor on whether or not to attend college or if you’ll be able to attend the college of your choice.
(?)
Subscribe In a ReaderYou are currently browsing the College Loans weblog archives for the month April, 2009.
Tags: