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There are two sources for college student loans — the federal government and private lenders. In order to obtain most federal college student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). In most instances, the FAFSA is required for all federal financial aid including federal college student loans. [...]
When applying for a college student loan, how much can I borrow? It actually depends on your year in school and whether you have a subsidized or unsubsidized Direct or FFEL Stafford Student Loan. A subsidized student loan is awarded based on financial need. If you are eligible for a subsidized student loan, the [...]
This is one of the largest educational student loan programs; the formal title of the program is the William D. Ford Federal Direct Stafford Loan. The U. S. Treasury provides the funds. These are insured by the federal government and have replaced the Federal Stafford Student Loan.
In order for the federal government to pay the [...]
The only thing harder than getting into college is paying for it. I have put together five tips on earning your degree for less.
Think Ahead—the earlier the research process begins, the bigger the payoff can be. As early as sophomore year, your student should begin collecting and organizing applications, recommendations, test scores, essays, and transcripts. [...]
Are you in the market for a small personal loan? First, let’s define a personal loan. A personal loan is usually anywhere from $500 – $5000 dollars. You have your financial aid so your tuition, books, room and board are already paid for. What do you need a personal loan for?
The [...]
Parenthood is all about sacrifices. When your children are babies, you give up sleep. When they are teenagers, you surrender your sanity. However, there is one thing you should not sacrifice for the kids, your retirement security.
All too often, parents postpone saving for retirement or reduce contributions to retirement plans so they can save for [...]
Whenever you are going to apply for a college student loan, you will want to apply for one with a low interest rate. This makes a big difference particularly with college student loans, because they tend to be large.
Acquiring a low interest student loan should be of number one importance for any college student seeking [...]
When savings and earnings are not enough to meet your education expenses, financial aid programs are designed to fill the gap. A Financial aid program is money that is given or loaned to you to help pay college expenses.
The single largest source of a financial aid program is the federal government, followed by state [...]
A financial necessity for most students today
While it would be nice to be able to pay for your education with your savings, a little help from your parents and maybe a scholarship or grant, the reality is that most students have to borrow money to afford a post-secondary education. Though it is never fun to [...]
When choosing a college student loan for your college education, you should pay special attention to the student loan interest rate you will be getting. Many college student loans do not require you to pay back the loan until six months after you graduate or quit school. Therefore, you have plenty of time to pay [...]
