2013년 11월 29일 금요일

About 'federal student aid history'|... in WWI Brave Mexican-Americans. Thanks to Dr. Donald Everett, history professor of Trinity University, I have a copy of a story in the January 14, 1919 San Antonio...







About 'federal student aid history'|... in WWI Brave Mexican-Americans. Thanks to Dr. Donald Everett, history professor of Trinity University, I have a copy of a story in the January 14, 1919 San Antonio...








College               education               would               be               beyond               the               reach               of               most               people               without               student               loans.

There               are               three               main               types               of               loans,               student               loans,               parent               loans               and               private               loans,               plus               a               variety               of               scholarship               programs               and               grants.

As               scholarships               tend               to               be               non               repayable               grants               rather               than               loans,               the               cost               of               your               college               education               can               be               significantly               cut               if               you               can               qualify.

How               to               Find               and               Apply               for               Scholarships
               A               quick               search               for               scholarships               will               bring               up               countless               offers               from               companies               offering               to               give               you               all               the               information               you               need               in               return               for               a               fee.

This               same               information               is               available               free               from               reputable               sources               so               do               not               pay               anyone               trying               to               make               an               easy               profit               from               you.

Use               one               of               the               free               online               organizations               which               will               match               your               profile               to               a               database               of               available               grants.

FastWeb               is               the               largest               of               these               with               1.5               million               grants               and               scholarships               available.

Membership               is               free.
               Funding               Sources               for               Student               Loans
               Direct               Loans               are               funded               directly               by               the               Government               while               the               FFEL               type               use               third               party               lenders.

Eligibility               and               loan               limits               are               usually               the               same               for               both               Direct               Loan               and               FFEL               programs               but               Direct               Loans               will               normally               have               a               lower               interest               rate.
               •               Federal               Direct               Loan
               •               Federal               Family               Education               Loan               (FFEL)
               The               main               sources               for               private               funding               for               student               loans               are               the               SLM               Corporation               usually               referred               to               as               Sallie               Mae,               banks               and               credit               unions.
               Stafford               Loans               /               Perkins               Loans               /PLUS               Loans
               The               Federal               Perkins               Loan               Program               provides               low               interest               loans               for               students               with               exceptional               financial               need.

The               college               acts               as               the               lender               using               government               funds.

Perkins               type               loans               are               the               cheapest               option               as               the               government               will               pay               the               interest               charges               while               you               are               in               school               and               for               nine               months               afterwards.

Perkins               loans               also               do               not               carry               any               origination               fee.
               Stafford               loans               are               the               most               commonly               used               student               loans.

Depending               of               your               financial               needs,               the               loan               may               be               subsidized               which               means               the               Government               will               pay               the               interest               on               the               loan               while               you               are               in               college.

As               the               loans               are               government               backed               the               interest               rates               are               lower               than               would               otherwise               be               charged.
               PLUS               Loans               are               usually               referred               to               as               Parent               Loans.

These               are               more               expensive               than               either               Stafford               or               Perkins               type               loans               and               are               dependent               on               a               good               credit               history               however               the               total               allowable               amount               can               be               equal               to               the               entire               cost               of               tuition               minus               any               financial               aid.

Since               2006               students               may               borrow               under               this               program               independent               of               their               parents.
               Applications               for               student               loans               are               made               using               the               Free               Application               for               Federal               Aid               (FAFSA).
               Programs               for               veterans               of               the               armed               services               are               provided               under               the               GI               Bill.
               Sources:               
               US               Dept               of               Education               
               FinAid






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