Posted on 20 December 2009
Tags: admissions advisor, application form, apply, bad credit, cosigner, credit, credit check, EFC, FAFSA, FAFSA assistance, FAFSA deadlines, federal grants, federal student loans, financial aid package, good credit, guidance counselor, high school, loan programs, online version, Pell grant, Perkins loan, PIN, private student loans, Repaying Student Loans, requirement, SAR, scholarships, stafford loan, study programs, virtual account
Though the student loan application process is confusing but that’s the requirement for all students.
There will be only few students who can afford college without federal student loans and private loans.
The Free Application For Student Aid (FAFSA)
The federal Loan application FAFSA is having a long and confusing form and there is no other alternative application form that you fill out and still get federal student loans.
Anyhow help can be provided to students and parent for filling out the FAFSA.
The FAFSA can help you to qualify for federal grants like work study programs and federal loans. For different reasons millions of students unfortunately fails to complete the FAFSA. As a matter of fact failing to complete FAFSA means missing easiest college money to come by.
How to Complete the FAFSA
The FAFSA is available in an online version, which you can download and print off, or you can send for a hard copy of the application. But majority of students mostly choose to file with online version. Before completing the FAFSA it’s required to apply for a Personal Identification Number (PIN) from which you can create a virtual account.
Read the full story
Posted on 19 December 2009
Tags: award letters, COA, College Student Loan, Colleges, Cost of Attendance, EFC, FAFSA, federal grants, Federal Pell Grant, Financial Aid, financial aid package, GPA, Grant money, Institutional grants and scholarships, needy students, Parent Plus Loan, perkins loans, renewable, SAR, scholarships, stafford loans, Subsidized federal loan offer, Subsidized Federal loans, Tuition, universities, Unmet need, Unsubsidized federal loan offer
Financial aid award letters from the colleges where you had applied and been accepted. Now there are several different financial aid offerings. So the question is that how to know that which school package is right for you and what the terms in that package meant? Which package is better than another for you?
Features included in financial aid award letters
Here are the main features that are mostly included in college financial aid award letters:
- Cost of Attendance
- Expected Family Contribution (EFC)
- Federal Grants
- Subsidized federal loan offer
- Unsubsidized federal loan offer
- Institutional grants and scholarships
- Unmet need
Learn and try to understand each of these award letter features and compare them.
Cost of Attendance (COA)
College award letter will always give you an exact figure of the cost to attend the college. It is not cost of tuition. Cost of Attendance (COA) is comprised of following features:
Read the full story
