Posted on 10 January 2010
Tags: co-signer, FAFSA, Federal Family Education Loan Program, federal student loans, FFELP, Financial Aid, fixed interest rate, Loans, Parent Loan for Undergraduate Students, perkins loans, PLUS, PLUS loans, private loans, private student loans, Pros and Cons of Private Students Loans, stafford loans, students loans, subsidized stafford loans, unsubsidized Stafford loans
Are you initiating the process of figuring out how you would pay for college? Financial aid is the best choice as it will help you in achieving your education dreams, but that is a complex process having a growing variety of student loan options from which you have to choose.
Assume that you’ve searched out all opportunities for scholarships and grants, not the next option in front of you is to research student loans.
General categories of Students Loans
There are two general categories of Students Loans
federal student loans and
private student loans.
Federal Students Loans
The best choice for students are federal student loans. These loans are backed by the U.S. government and they are available directly through your school or through banks and student loan lenders through the Federal Family Education Loan Program (FFELP).
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Posted on 04 September 2009
Tags: Accrues, Cal grant, California, college financial aid system, congress, Dependent students, FAFSA, family, Federal Government, federal guarantee, federal Stafford loans, federal student aid, financial forms, finanical aid, Free Application for Federal Student Aid, grant, income, income tax data, independent, interest, Loans, Obama Administration, Parent Loans for Undergraduate Students, payment, Pell grant, PLUS, private lenders, Recession, The Department of Education
There have been several changes in the college financial aid system. Here are the six most important developments.
1. More generous Pell grants
The Pell grant is one of the most important kinds of federal student aid that is available. Dependent students with family incomes up to about $50,000 are eligible for this kind of grant. Independent students who have low incomes can also avail this grant. Every year, the Congress sets the maximum grant. The maximum grant was $4,731 in 2008-09; and in 2009-10, it will be $5,350.
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