Financial Solutions For Families
|
|
- Griselda Casey
- 8 years ago
- Views:
Transcription
1 COLLEGE LITERACY ACADEMY A Family Guide On Paying For College Financial Solutions For Families
2 Understanding How To Pay For College (Second Edition) Copyright 2010, 2011 By: Educational Literacy Center All Rights Reserved No part of this publication may be used or reproduced in any manner whatsoever without written permission except in the case of brief quotations embodied in critical articles and reviews. For More Information Contact: Chuck Moore, CCFC, CAMC, CAFC Louisville, Ky Ph Cell This publication is general in nature and is not intended to give legal, accounting or investment advice. Before incorporating any ideas in this publication the reader should consult with their financial advisor, guidance counselor, or tax professional. Some of the information provide in this publication is from varies outside resources
3 Will you need to borrow money to attend college? If so, look at borrowing from the federal government first! Federal loans normally will provide lower interest rates and repayment options are much more flexible than other types of private loans. This publication will outline the differences between federal and private education loans. We will outline the different types of federal loans and the loan limits that can be borrowed. A federal student loan is a loan that is provided through the federal government and allows students and their parents to borrow money to help pay for college. They usually have low interest rates and offer attractive repayment terms, benefits and options. Normally, repayment of a subsidized federal loan (described below) does not begin until after the student leaves school. Unsubsidized student loans must be paid while the student is attending college (unless the loan is deferred). Proceeds of the funds can be used to pay for tuition and fees, room and board, books, supplies and transportation. Federal student loans are distributed by the federal government and sent directly to the college that the student is attending. Once the college receives the funds they will credit the loan money toward the students educational costs. A private student loans are nonfederal loans that are used to pay for college expenses and are normally distributed by a bank or credit union. Private student loans can be variable or have variable interest rates. The interest rate charged normally is higher than federal student loans and many times when a student borrows from private lenders, the lending institution will require a credit check and a co-signer could be required.
4 Normally, federal student loans have many favorable benefits over private college loans. Federal student loans normally have a fixed interest rates, while most private loans do not. Federal student loans can provide income-based repayment plans, while private loans normally will not provide this option. In some situations federal student loans will provide loan forgiveness and deferment (postponement) options, while private loans will not provide forgiveness, but some could provide postponement or deferment in some situations. Therefore, federal student loans normally should be the first option if the student needs to borrow funds for college. Students that are freshman in college can borrow up to $5,500, which $3,500 could be subsidized (federal government pays the interest) and $2,000 unsubsidized (student is responsible for the interest that is due). If the student has NO financial need, the full $5,500 will be Unsubsized. Students that are sophomores in college can borrow up to $6,500, which $4,500 could be subsidized (federal government pays the interest) and $2,000 unsubsidized (student is responsible for the interest that is due). If the student has NO financial need, the full $6,500 will be Unsubsized. Students that are juniors and/or seniors in college can borrow up to $7,500, which $5,500 could be subsidized (federal government pays the interest) and $2,000 unsubsidized (student is responsible for the interest that is due). If the student has NO financial need, the full $7,500 will be Unsubsized. A student could qualify for an additional $4,000 if they go to college beyond four-years. The maximum undergraduate borrowing limit is $ If the student shows more need than what is available in federal borrowing limits and do not receive any other form of financial aid, parents can potentially qualify for a PLUS loan (Parent Loan for Undergraduate Student). Under the PLUS loan rules, parents can borrow an amount of money to pay for college expenses up to the total cost of attending minus other forms of financial aid that the student may receive.
5 There are two types of Federal Direct Stafford loans: Subsidized and Unsubsidized. Subsidized Stafford loans provide low interest rates and are available to students who demonstrate financial need based on income and other information provided on the FAFSA. A credit check is not required to receive these loans. The federal government pays the interest on these loans until six months after the student is no longer enrolled in school at least half-time. Unsubsidized Stafford loans provide low interest rates and are available to all students regardless of financial need (although the FAFSA still must be filed). A credit check is not required to receive these loans. The student is responsible for the interest, which may be paid while the student is in school or accrued and then added to the principal balance when the student enters repayment, which occurs six months after the student is no longer enrolled in school at least half-time. Plus loans are low interest loans that parents can obtain to help pay the cost of education for their children. PLUS loans require a credit check, however the credit check is not as stringent as applying for other forms of loans. Repayment of PLUS loans begins immediately once the loan is distributed. Parents of dependent students may be able to defer repayment of their PLUS loans until after the student is no longer enrolled in school at least half-time, although interest will continue to accrue. Consolidation loans allow student or parent borrowers to combine multiple federal student loans into one loan with one monthly payment. A federal consolidation loan cannot include private loans. However, some private lenders may offer consolidation loans. Borrowers should be aware that they will lose their federal borrower benefits if they consolidate their federal student loan into a private consolidation loan. Borrowers should always exhaust federal student loan options first before considering a private consolidation loan.
6 To get a federal student loan, the Free Application for Federal Student Aid (FAFSA) must be completed. This form can be completed online at or the family can mail in a paper application. Once the FAFSA is processed, the schools the student has identified on the FAFSA will receive the information. The school will then tell the student how much financial aid is available, including grants, scholarships, work opportunities and federal student loans. Should the student choose a federal student loan, the college will provide the student with instructions on how to apply. Yes, completing the FAFSA could be complicated and sometimes very confusing. However, as we have mentioned earlier, federal student loans usually have lower interest rates and better repayment terms and options than private student loans may not provide. Also, by completing the FAFSA, colleges will use the information on the FAFSA to determine eligibility for other types of financial aid provided by the federal government, from your state, or from the school itself. This aid can include grants, scholarships and work opportunities. Before borrowing any money for college, the student and parents need to take two-step back and think about the disadvantages of going into debt. There are other ways of paying for college, other than borrowing. Borrowing money to pay for college expenses should be the LAST option taken by the student and the parents. Yes, investing into a college education is normally a good investment, but not if the cost of the education is going to affect the financial security of the student and their parents due to the debt that could occurred.
Financial Solutions For Families
COLLEGE LITERACY ACADEMY Deducting Student Loan Interest A Family Guide On Paying For College Educational Literacy Academy 502-721-8646 tuition2@insightbb.com Financial Solutions For Families Understanding
More informationStudent Financial Services Educational Loan Borrowing
Student Financial Services Educational Loan Borrowing 2 nd Special Interest Session 2012-2013 NSO Federal Student Direct Loan Application for federal student direct loans is done by submitting a Free Application
More informationLoan Counseling Presentation
Loan Counseling Presentation Financing Options Federal Stafford Loans In Student s name Subsidized Unsubsidized Federal Parent Loans for Undergraduate Students (PLUS) In Parent s name Maximum Annual Loan
More informationEducational Loan Borrowing
Student Financial Services Educational Loan Borrowing 2015-2016 New Student Orientation Federal Direct Loan Application Free Application for Student Aid (FAFSA) yearly: www.fafsa.gov Master Promissory
More information866.232.3314. Frequently Asked Questions about Student Loans
Frequently Asked Questions about Student Loans What are private student loans? Private student loans are meant to help students fill the funding gaps that federal aid can leave behind. Private loans should
More informationFinancing Your Scripps College Education
2014-2015 Financing Your Scripps College Education The following information is intended to introduce families to the options available for financing their students college education. More details are
More informationTypes of student loans.
Types of student loans. Events like losing a job, getting sick and having financial trouble can create many challenges. In such situations, before you borrow, make sure you know the basic types of student
More informationNavigating Educational Loans. Kevin Singer Assistant Director of Financial Aid Hope College, Holland
Navigating Educational Loans Kevin Singer Assistant Director of Financial Aid Hope College, Holland Student Loans Some Facts: The non-profit American Student Assistance reports the following (http://www.asa.org/policy/resources/stats)
More informationPaying For College Strategies
2014 Counselor Training Paying For College Strategies after all of the student s free money has been exhausted OASFAA is a non-profit organization OASFAA has provided the information today as a free service
More informationHow to Pay for College. Financial Aid & Scholarships
How to Pay for College Financial Aid & Scholarships What is FAFSA? FAFSA stands for what? FREE APPLICATION FOR FEDERAL STUDENT AID What is Financial Aid? Grants Work Study Loans Loans for both students
More informationScripps College Education
Financing Your 2015-2016 Scripps College Education Financing Your Scripps College Education 2015-2016 Expenses Tuition and Fees $48,938 Room 8,480 Board 6,628 Books and supplies 800 Personal expenses 1,000
More informationLOAN REFLECTION. Directions: Complete the handout below individually and share your answers with your small group.
LOAN REFLECTION Directions: Complete the handout below individually and share your answers with your small group. Have you ever heard the word loan before? In what context? What comes to mind when you
More informationHow To Borrow Money At St Johns Law School
St. John s University i i i Financing Your Legal Education 2015-16 Content The financial aid process Available financial aid programs What is the Cost of Attendance What are the student loan limits How
More informationFAQs for Federal Direct Loan
FAQs for Federal Direct Loan 1) Why did IIT choose to move to the Federal Direct Loan Program? The Federal Direct Loan Program provides a stable source of student loan funding because the U.S. Department
More informationStudentChoice. Student loans are an integral part of financing a college education. Educate yourself, and borrow wisely.
StudentChoice Student loans are an integral part of financing a college education. Educate yourself, and borrow wisely. 2 2 What are my student loan options? Federal Student Loans A federal student loan
More informationPlanning & Paying for College: Overview
CHARTERBANK - Student Checking 4.0 Planning & Paying for College Above: Student Checking 4.0 - Debit Card Design Planning & Paying for College: Overview Many factors go in to planning and paying for college.
More informationPrivate Loan Guide. Apply for free, federal and state financial aid programs:
Private Loan Guide Private loan basics Private student loans are non-federal loans. You should only borrow private loans to fund your education as a last resort. Do all of the following before you consider
More informationFinancial Solutions For Families
COLLEGE LITERACY ACADEMY The True Story On Who Will Qualify For Financial Aid A Family Guide On Paying For College Financial Solutions For Families (Sixth Edition) Copyright 2006, 2007, 2008, 2009, 2010,
More informationStudent Loan ABCs. As trusted financial advisers, CPAs are in a position where clients, friends and family ask about
Student Loan ABCs As trusted financial advisers, CPAs are in a position where clients, friends and family ask about college financing or, more specifically, about student loans. But which one do you recommend?
More informationPREPARING FOR YOUR COLLEGE EDUCATION. A guide to understanding financial aid and how to pay for college.
PREPARING FOR YOUR COLLEGE EDUCATION A guide to understanding financial aid and how to pay for college. What we re going to cover What conversations have you had about paying for school? How to plan for
More informationCounseling Courier. Financial Aid
Financial Aid As you continue to hear back from colleges and universities and evaluate your options, we wanted you to have some additional information on how to help finance this investment. This information
More informationFAQ s on Direct Lending
FAQ s on Direct Lending Q1: Why is the University of Houston switching to direct loans? A: On Thursday March 30, 2010 President Obama signed the Health Care and Education Reconciliation Act of 2010 (H.R.
More informationHow To Get A Direct Subsidized Loan
STUDENT LOANS Financial Literacy Forum December 2013 WHAT KINDS OF DIRECT LOANS ARE AVAILABLE? Subsidized Direct Subsidized Stafford Loans are available to undergraduate students with financial need. Interest
More informationHow to Choose the Best Student Loan
Tufts University School of Dental Medicine Guide to Supplemental Loans THIS GUIDE IS DESIGNED TO HELP YOU MAKE THE MOST INFORMED DECISION ON FINANCING YOUR EDUCATION HERE AT TUFTS UNIVERSITY SCHOOL OF
More informationSt. John s University. Financing Your Legal Education 2016-17
St. John s University i i i Financing Your Legal Education 2016-17 Content The financial aid process Available financial aid programs What is the Cost of Attendance What are the student loan limits How
More informationFinancial Aid Award Notification Guide 2014-2015
Financial Aid Award Notification Guide 2014-2015 A college education is one of the best investments anyone can make, and finding a way to afford it is an important concern for nearly every student. At
More informationFederal Direct Stafford Loan Request Form for 2015-16
Federal Direct Stafford Loan Request Form for 2015-16 Name: G#: Address: City: State: ZIP: Phone: Email: Stafford Loan Requirements and Acknowledgements We strongly recommend that you borrow loans conservatively
More informationPrivate Education Loan Preferred Lender List
Private Education Loan Preferred Lender List The following is Corinthian College, Inc. s ( CCI ) preferred lender list for private education loans. Borrowers who are interested in obtaining private education
More informationStudent Loans. Introduction
Introduction Student Loans Loans are far and away the single largest aid program available to students. In the 2003-2004 academic year, nearly $67 billion was delivered in the form of loans to students.
More informationStudent Loans A comprehensive look at student aid and the various repayment options
Student Loans A comprehensive look at student aid and the various repayment options How Much Does College Cost? According to the Bureau of Labor Statistics and the US Department of Labor, the average cost
More informationPLUS LOAN FOR PARENTS
2015-16 INSTRUCTIONS FEDERAL DIRECT PLUS LOAN FOR PARENTS The Federal Direct PLUS Loan is one option available to help parents pay their child s college costs. Unlike loans in the student s name that are
More informationFinancing Options for Students and Parents 2016 17
Financing Options for Students and Parents 2016 17 Since 2001, grants have replaced student loans in the Princeton financial aid package for all aid recipients. No Princeton student is required to borrow
More informationStudent Guide. Default Prevention & Management Plan
Student Guide Default Prevention & Management Plan WHAT EVERY STUDENT BORROWER NEEDS TO KNOW. Before you borrow please read this. It does not matter if you have already borrowed on a student loan or if
More informationHow do you receive financial aid?
What types of financial aid are available and in what order are they awarded? 1. Scholarships and Fee Waivers 2. Grants 3. Work-Study 4. Student Loans: Subsidized, Unsubsidized, Perkins, Parent PLUS How
More informationFinancial Aid 101. Trine University Peoria, Arizona 2013-14
Financial Aid 101 Trine University Peoria, Arizona 2013-14 Agenda How to Apply Types of Aid Renewing Your Aid Loans NSLDS Access Contact Information What is Financial Aid Financial aid is funds provided
More informationFamily Webinar Series: Comparing Loan Options
Family Webinar Series: Comparing Loan Options Celebrating 30 years of Excellence Planning, Saving & Paying for College 1 Your Presenter Today Stephanie Wells, Director of Community Outreach Stephanie joined
More information2015/2016 THINGS YOU NEED TO KNOW ODP Graduate. The following information should help you as you review your 2015/2016 Financial Aid Offer
2015/2016 THINGS YOU NEED TO KNOW ODP Graduate Financial Aid Online Degree Programs 2130 Fulton Street San Francisco, CA 94117 Tel: 415.422.4531 Fax: 415.422.4534 onlinefinaid@usfca.edu The following information
More informationFINANCIAL AID VOCABULARY
Award Letter Notification of the terms and requirements of the financial aid package offered by a college. College Scholarship Service (CSS) Profile A financial aid application, in addition to the FAFSA,
More informationLoans: Understanding the Basics. NeASFAA Support Professionals Workshop November 1, 2013 Mahoney State Park
Loans: Understanding the Basics NeASFAA Support Professionals Workshop November 1, 2013 Mahoney State Park Objectives Discuss the types of loans and their of their basic terms Review some of the changes
More informationtudent oans Federal Stafford, PLUS and Grad Plus For Loan Period July 1, 2008-June 30, 2009
Your guide to tudent oans Federal Stafford, PLUS and Grad Plus For Loan Period July 1, 2008-June 30, 2009 Lender Code: 833506 orrower enefits * 0% Origination Fee for Stafford Loans Allegiance Credit Union
More informationDirect Loans 2015-2016
Direct Loans 2015-2016 All students who complete a valid FAFSA are offered Direct Loans as part of their Financial Aid package. The purpose of this document is to explain how Direct loans work and answer
More informationfyi Federal loans: The smart way to borrow
Federal loans: The smart way to borrow If you don t receive enough free money to pay for college and you aren t able to cover your costs with savings or other resources, consider federal student loans.
More informationThe VSAC no-nonsense guide to education loans VSAC
The VSAC no-nonsense guide to education loans VSAC for families of undergraduate students Fall 2014 The straight scoop on undergraduate education loans from VSAC, your trusted college planning advisor
More informationHelp families navigate their student loan options. Agenda. What We Learned 5/14/2013
Help families navigate their student loan options Agenda What we learned What are the borrower s options? Comparing loans How we can help Questions? Next steps What We Learned 1 What families told us Too
More information2016-2017 GUIDE TO FINANCIAL AID AND FUNDING RESOURCES
2016-2017 GUIDE TO FINANCIAL AID AND FUNDING RESOURCES PAGE 2 COST OF ATTENDANCE The cost of your Trinity education includes both direct costs and indirect expenses. Direct costs will be listed on the
More informationPaying for School. 6 steps for success. AllNursingSchools.com
3 This Getting Started Guide is your source for up-to-date information about choosing a nursing school or program. Use these tips to get organized and motivated and get going on making your dreams a reality.
More informationSummer Financial Aid Information and Application
Summer Financial Aid Information and Application Read through the following information to help answer questions regarding your application for summer financial aid. What steps do I need to complete in
More informationSAFEGUARDING YOUR FUTURE. One Student Loan at a Time
SAFEGUARDING YOUR FUTURE One Student Loan at a Time 1 Overview Table of Contents 2 As tuition costs skyrocketed and thousands of students struggled to pay off enormous debt, New York State Attorney General
More informationYour Financial Aid Journey. Investing in Your Future 5 Steps to Prepare for College College Financing Options Financial Aid Terms
Your Financial Aid Journey Investing in Your Future 5 Steps to Prepare for College College Financing Options Financial Aid Terms Investing in your future Higher earnings College graduates earn more money
More informationCOMPONENTS OF AID PACKAGES: WHAT TO EXPECT
23359_ch01.qxd 7/15/04 9:00 AM Page 176 176 Paying for College based grants or scholarships if the institution provides them, may decrease loans in the aid package and increase grants even at an institution
More informationAccepted Student Reception Financial Aid Presentation. March 29, 2015
Accepted Student Reception Financial Aid Presentation March 29, 2015 Understanding Your Financial Aid Award Letter Screen shot of award letter here Screen shot of award letter here Estimated costs and
More informationPrivate Education Loans 101: Helping students compare student loan options
Private Education Loans 101: Helping students compare student loan options Presented by: Erin Gjerde and Denise Burmeister Account Executives Wells Fargo Education Financial Services 2013 SASFAA Conference
More informationParent Guide to Paying for College. Getting Your Money
Parent Guide to Paying for College Getting Your Money F R O M T H E R I G H T P L A C E When it comes to college funding, you have lots of options. What s best for you and your child s needs? Use the following
More informationFederal & Private Student Loans Presentation to the Infrastructure Financing Task Force November 1, 2011
Federal & Private Student Loans Presentation to the Infrastructure Financing Task Force November 1, 2011 Presenters: Rachelle Sharpe, Director, Student Financial Assistance, Higher Education Coordinating
More informationPrivate Alternative Student Loan FAQs (Frequently Asked Questions)
PRIVATE (OR ALTERNATIVE) STUDENT LOANS Many public and private postsecondary schools offer their students alternatives to financing their education. One such alternative is called a private alternative
More information2013 2014 Loan Guide
2013 2014 Loan Guide This guide is designed to help you make the most informed decision on borrowing for your education at Berklee College of Music. There are many choices for students and parents to consider
More informationFinancing Options for Students and Parents 2014 15
Financing Options for Students and Parents 2014 15 Since 2001, grants have replaced student loans in the Princeton financial aid package for all aid recipients. No Princeton student is required to borrow
More informationFinancial Aid and Loan Repayment for Graduate Students. Nick Bromley Counselor GVSU Financial Aid Office
Financial Aid and Loan Repayment for Graduate Students Nick Bromley Counselor GVSU Financial Aid Office Financial Aid for Graduate Students Financial Aid is Scholarships Grants Loans Employment funds that
More informationFINANCIAL AID. Experience the Mercy Difference.
FINANCIAL AID Experience the Mercy Difference. FINANCING YOUR EDUCATION at Mercy College Congratulations on exploring the many educational options at Mercy College of Ohio! Mercy College is committed to
More informationwww.shawnee.edu Making College a Reality through Financial Aid
www.shawnee.edu Making College a Reality through Financial Aid Earn $1 million more! It s a fact. People who attend college and receive a bachelor s degree earn approximately $1 million more in their lifetime
More informationManaging your Educational Investment
Managing your Educational Investment 2011 2012 Minimize Debt: It s not too early to start! Pay off all consumer debt before starting school. Don t take on any new consumer debt while in school. Borrow
More informationStudent Loans Terms To Know
Student Loans Terms To Know Borrower The borrower in most cases is the student. The loan is made in the borrower s name and he/she is responsible for paying back the loan(s) including principal plus any
More information!" # $ ($ * +"(", - / 0$.
! "# $ % !" # $ $% & '($" ) ($ * +"(", - $"($. / 0$. / (("$ $ $'', 1 2 3 Creative Borrowing Strategies While most families would rather not borrow money to pay college expenses, there are some advantages
More informationFinancial Aid for Medical School
Financial Aid for Medical School May 2, 2015 Monique Cosby and Daniel Hewitt Directors of Financial Aid Auburn and Virginia Campuses Agenda Costs at VCOM Financial aid options and why loans are good, realistic
More informationFinancial Aid Information
Financial Aid Information Schools recognize that in many instances individuals and their families are not able to meet the entire cost of education. Therefore, the Financial Aid Office will assist students
More informationFINANCIAL AID for Junior Parents: The Basics. April 22, 2015
FINANCIAL AID for Junior Parents: The Basics April 22, 2015 What is Financial Aid? Cost of Attendance (COA) - Expected Family Contribution (EFC) Student s Financial Need (eligibility) Financial Aid --
More informationWhat kinds of federal student loans are available?
2 Direct PLUS Loans are available from the U.S. Department of Education (ED) to help parents pay the cost of their child s education at a four-year college or university, community college, or trade, career,
More informationGraduate Studies. Your Financial Aid Award 2015 2016. Office of Financial Aid
Graduate Studies Your Financial Aid Award 2015 2016 Office of Financial Aid Office of Financial Aid Enclosed you will find our offer of financial aid for the coming year at Sarah Lawrence. Keep your financial
More informationAscentra Credit Union Private Student Loan Program Option 1
Private Education Loan Application Disclosure Form Page 1 of 9 Ascentra Credit Union Private Student Loan Program Option 1 Ascentra Credit Union c/o Iowa Student Loan Ashford II Building 6775 Vista Drive
More informationWinning at the college financial aid game
Winning at the college financial aid game By the numbers Average tuition and fees per year for four-year colleges in 2006-07: 1 Private institutions: $30,367, up 4.6% from the previous year Public colleges:
More informationFEDERAL DIRECT SUBSIDIZED/UNSUBSIDIZED LOAN FOR STUDENTS
2015-16 INSTRUCTIONS AND REQUEST FORM FEDERAL DIRECT SUBSIDIZED/UNSUBSIDIZED LOAN FOR STUDENTS Your Financial Aid Notification for the 2015-16 academic year indicates your eligibility for the Federal Direct
More informationApply for a PLUS Loan
How to Apply for a PLUS Loan How to Apply for a PLUS Loan In order to borrow a Federal Direct PLUS, parent borrowers must first complete an application and have their credit history reviewed by the U.S.
More informationRacer Aid. Murray State University Financial Aid Guide for Families
Racer Aid Murray State University Financial Aid Guide for Families Work-study provides students the opportunity to work while going to school. Numerous offices on campus offer employment opportunities.
More informationThe Direct Loan is not a Grant; it must be Repaid
WILLIAM D. FORD FEDERAL DIRECT LOANS Academic Year 2013-2014 The Direct Loan is not a Grant; it must be Repaid Direct Loan Interest Rates for Subsidized Loans & Unsubsidized Loans Interest rate: 2013 14
More informationWidener University School of Law. Exit Interview Counseling Presentation Managing your student loan repayment
Widener University School of Law Exit Interview Counseling Presentation Managing your student loan repayment Types Of Education Debt Three Types Federal Loans Stafford Subsidized/Unsubsidized Federal Direct
More informationMinnesota Office of Higher Education TUDENT OANS & CONSUMER PROTECTION
4 Minnesota Office of Higher Education TUDENT OANS & CONSUMER PROTECTION Student Loans and Consumer Protection in Higher Education: These are important words to know as you are going through the process
More informationTypes of Financial Aid
Types of Financial Aid The Financial Aid Office at SUNY Maritime College assists students in financing their education by offering financial assistance in the form of scholarships, grants, loans and work-study
More informationFinancial Aid at Shenandoah University
Financial Aid at Shenandoah University Financial Aid Office Location: Wilkins Building - Winchester Campus Hours: 9am-5pm Monday through Friday Phone: 540-665-4538 Email: finaid@su.edu 2015-2016 Tuition
More information$uccessful Start and the Office of Student Services Present: INTRODUCTION TO FINANCIAL AID
$uccessful Start and the Office of Student Services Present: INTRODUCTION TO FINANCIAL AID AGENDA Financial Aid Timeline Applying for Financial Aid Award Types of Financial Aid Understanding your Financial
More informationWINNING AT THE COLLEGE FINANCIAL AID GAME
Helping Yourself. Helping Your Parents. Helping Your Children. By the numbers WINNING AT THE COLLEGE FINANCIAL AID GAME With college expenses having risen significantly, financial aid can be a critical
More information2011 Open House Financial Aid. Catherine Graham Financial Aid Director
2011 Open House Financial Aid Catherine Graham Financial Aid Director Overview LMU at a glance Types of available aid The aid application process Connecting with the Financial Aid Office Additional resources
More informationFederal Supplemental Education Opportunity Grant Work Study Federal Work Study (may not be available at all school locations) Loans
Financial Aid Information Schools recognize that in many instances individuals and their families are not able to meet the entire cost of education. Therefore, the Financial Aid Office will assist students
More informationFinancial Aid Information
Financial Aid Information Schools recognize that in many instances individuals and their families are not able to meet the entire cost of education. Therefore, the Financial Aid Office will assist students
More informationFederal Loan Repayment Options
Federal Loan Repayment Options The Standardized Repayment Plan- allows you to pay off your federal student loans in the shortest amount of time. This repayment Plan saves you money over time because your
More informationUnderstand your interest rate options
Understand your interest rate options Wells Fargo offers you the choice of variable and fixed interest rates. Each option has unique advantages to consider before choosing your rate. How are they different?
More informationLearning Today, Leading Tomorrow FINANCIAL AID
Learning Today, Leading Tomorrow STUDENT FINANCIAL AID SUCCESSFULLY NAVIGATING THE STUDENT FINANCIAL AID PROCESS The Northern Illinois University Student Financial Aid Office (SFAO) is pleased to assist
More informationUnderstand your interest rate options
Understand your interest rate options Wells Fargo offers you the choice of variable and fixed interest rates. Each option has unique advantages to consider before choosing your rate. How are they different?
More informationPlanning for College Checklist
Planning for College Checklist Before College Establish a Savings Account It is never too early to start saving for college. Below is a comparison of a few of the savings vehicle options available: Year
More informationFederal Student Loan Debt Management Guide A Supplement to Entrance and Exit Counseling
Federal Student Loan Debt Management Guide A Supplement to Entrance and Exit Counseling This publication is a compilation of information* from various resources developed by the U.S. Department of Education.
More informationOffice of Student Financial Aid Direct Stafford Loan Processing Information
Montgomery College endless possibilities Office of Student Financial Aid Direct Stafford Loan Processing Information Attention all first-time borrowers at Montgomery College. In order for your loan proceeds
More informationLoan Programs that allow you to finance all or part of college costs, including the cost of purchasing a personal computer.
Financing Options An education at one of the nation s top art colleges is an investment in your future. Once you have determined that MICA is the place for you, our staff will work with you to help make
More informationUnderstanding Your Financial Assistance Award 2014 2015
Understanding Your Financial Assistance Award 2014 2015 Washington University in St. Louis Student Financial Services By Mail Student Financial Services One Brookings Drive, Campus Box 1041 St. Louis,
More informationFAFSA (Free Application for Federal Student Aid) 2013-2014 www.fafsa.gov The federal school is: 015230 (Geneva General Hospital)
2013-2014 Financial Aid Information Finger Lakes Health College of Nursing & Marion S. Whelan School of Practical Nursing At FLHCON, we know that the cost of a college education and the financial assistance
More informationTerms and Conditions of Title IV, HEA Loans
10.3.4 Federal Direct Subsidized Stafford Loan Program The Federal Subsidized Stafford Loan Program provides low interest deferred payment loans to undergraduate and graduate students who demonstrate financial
More informationFederal Student Aid Glossary (edited. Original at: http://studentaid.ed.gov/glossary) Academic Year This is the amount of the academic work you must
Federal Student Aid Glossary (edited. Original at: http://studentaid.ed.gov/glossary) Academic Year This is the amount of the academic work you must complete each year, and the time period in which you
More informationFor additional information, contact your financial aid office or the U. S. Department of Education at: www.federalstudentaid.ed.
Ohio Private Loan Marketplace http://ohio.privateloanmarketplace.com/ Once you and your family have considered institutional and federal loan options, you can use the Ohio Private Loan Marketplace to instantly
More informationUnderstand your interest rate options
Understand your interest rate options Wells Fargo offers you the choice of variable and fixed interest rates. Each option has unique advantages to consider before choosing your rate. How are they different?
More informationFamily Contribution. College Scholarship. External Scholarships. Private Loans. Federal/State Aid and Loans
2015-2016 Family Contribution College Scholarship External Scholarships Private Loans Federal/State Aid and Loans Direct Cost Tuition, on-campus room and board, and any special fees Indirect Cost Books
More informationCOUNSELING GUIDE FOR DIRECT LOAN BORROWERS
Entrance COUNSELING GUIDE FOR DIRECT LOAN BORROWERS U.S. Department of Education Arne Duncan Secretary Federal Student Aid James W. Runcie Chief Operating Officer December 2013 Revised: July 2014 Online
More informationAnswers To Your College Loan Questions
Answers To Your College Loan Questions 23625 Commerce Park, Suite 200 Beachwood, OH 44122 866-207-5545 2015-2016 Beachwood, OH 44122 866-207-5545 Contents Federal Direct Student and Parent Loan Interest
More information