If you have decided to go to college and you have to find the money to pay for it, a student loan may be your only solution. There are many types of student loans; therefore we will attempt to inform you of some that are available.
In the United States there are federal programs such as Stafford, Perkins, and Sallie Mae. These are student loans that are supported by the federal government that are typically easy to get if you meet the qualifications. Because they are supported by the federal government, they have a low interest rate. The good thing… Read the rest
When looking at starting your education in a college or university, one of the first things that comes to mind is the debt that you are about to accumulate. The great part for you as a student is that the government reconigizes that you need all the help you can get and can offer you a Federal Student Loan. If you must go into debt, this is the best kind to be in.
Because the government knows what your needs are and realizes that colleges and universities are raising tuition prices almost every semester, they also understand your needs. We… Read the rest
I was discussing student loans with a friend the other day when they mentioned a guaranteed student loan. We didn’t have time to get into it at the time, but I was intrigued – who was guaranteeing what?
An hour or 2 of research later, and it appears that Guaranteed student loan is really just another term for a subsidized Stafford loan – the kind we talk about in this article about Federal Student Loan Payback. The short explanation is this: Subsidized Stafford loans are backed with money from approved private… Read the rest
If you’ve been looking into financial aid for college, one ominous sounding acronym almost certainly popped up: EFC. EFC stands for expected family contribution, and plays an important role in determining how much financial aid you are likely to get.
Right off the bat, students often assume that the EFC is either how much money you’ll get from the government, or how much you’re going to have to pay for college. These are both wrong. The Expected Family Contribution represents the amount that your family is expected to contribute to your education. It is by no means a guarantee, but… Read the rest
FAFSA, short for the Free Application for Federal Student Aid, is the application form for federal studnt grants, work study aid, and loans. In some msituations, the application can be used to apply for private aid as well. In short, its a big deal, and everyone looking to receive some form of financial aid for college will likely need to fill one out.
Because of its popularity, there are many methods available for filling out the FAFSA.
An option common with graduating high school seniors is the Electronic Data Exchange for schools. High schools often provide a method for… Read the rest
