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Grad Plus Loan Eligibility

Just about anybody who is enrolled (or plans to be enrolled) in a graduate or professional degree program can be eligible for a Graduate Plus Loan. A Grad Plus Loan is federally funded, and designed to “fill the gaps” between a student’s other financial aid and what remains for their tuition and school-related expenses, like room and board. The amount able to be borrowed depends on what is left over after these other loan options are maximized. […]

By |December 20th, 2012|Applying for Loans|0 Comments

How To Receive Money From Lenders

Generally speaking, a federally subsidized or unsubsidized loan or private loan can be sent directly to the student, or sent to the student's school to be put in their account. Federal student loans have two distribution channels, both of which can cut a check directly to the borrower or the school. The channels have two names, and are funded differently: Federal Direct Student Loans (otherwise called Direct Loans, or FDLP) and Federal Family Education Loans (FFELP). […]

By |November 22nd, 2012|Types of Loans|0 Comments

5 Repayment Options To Consider

Besides the total amount of your student loans, you’ll want to know what you can expect in terms of a repayment plan. This is one of the most important pieces of homework you should do when you decide to take out any educational loan. You might be tempted to push off thinking about repayment options – after all, they seem so far away in time – but the reality is, graduation day will arrive faster than you think, or you might be paying off some of the loan during school. […]

By |November 15th, 2012|Consolidation|0 Comments

Are You Eligible for an FSEOG Grant

Like other types of financial aid programs, the only people eligible for a FSEOG Grant are families that demonstrate strict financial need. Anyone who proves that they can afford college tuition is ineligible for the FSEOG and Pell Grants. Financial need takes into account a family's income, size, assets, as well as the cost of tuition. If the cost of tuition is well above the Expected Family Contribution, a FSEOG Grant will be awarded. […]

By |November 13th, 2012|Types of Loans|0 Comments

Whats the difference between a Federal Direct and Perkins Loan?

Federal student loans are available for college students through the U.S. Department of Education. There are two types of federal student loan programs. The William D. Ford Federal Direct Loan Program  is the largest federal student loan program. The U.S. Department of Education is the lender. There are four types of Direct Loans. Direct Subsidized Loans are offered to undergraduate students who can demonstrate financial need. Students may borrow between $3,500 and $5,500 depending on their year in school. […]

By |October 25th, 2012|Applying for Loans|0 Comments

9 Musts To Qualify For Federal Student Aid Without a Cosigner

The best way to get a student loan without a cosigner is to apply for federal student aid. You do not need a cosigner or a credit history to apply for a federal student loan, but must meet a few other requirements. You must […]

By |October 18th, 2012|Federal Loans|0 Comments

Student Loan Grace Period

What is the student loan grace period? A grace period is the period of time someone is late with the payment and dues not attract any penalties. There are many different scenarios of grace periods. The most important thing about it is that the students are aware of the fact that as long as they make the payment within or during the grace period, then they will not be treated in a different way from those who make the repayments in due time. […]

By |September 12th, 2012|Pay Off Student Loans|0 Comments