Guaranteed student loans
August 26th, 2007
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 [...]
What is Expected Family Contribution?
August 22nd, 2007
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 [...]
What is FAFSA?
August 10th, 2007
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 [...]