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Financial Aid Info
If you have questions like what is the difference between (FFEL) and (EFC) or subsidized and unsubsidized the Loan Glossary will explain the terms. The Federal programs are also listed below. Good Luck!
 
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     Applying for financial aid


Financial aid assistance is abundant and it’s at an all-time high, having over $4 billion dollars more student financial aid and college loans consolidation available for use over the 2008 calendar year. Student Loan Rates and student loan consolidation rates are also at an all-time low. We want to help you choose the type of student loan that is right for you. Whether you are a student doing your own research, a parent looking for students loan, someone looking to consolidate college loans, or even someone looking for Graduate school financial aid, it is our goal to make your student financial aid search the easiest and most succinct for you. What is the best student consolidation loan for you? How do you go about consolidating student loans? We will do our best to help you. You might even find out you qualify for a student loan consolidation rebate!

There are a few different types of Financial Aid and many student loan consolidation companies for you to choose from and we are here to point you in the direction that is most beneficial to your individual status. Most Financial aid eligibility is based on need, and you can easily apply for college financial aid in many different ways. A financial aid application is attainable for everyone, whether it is through us, financial aid counselors, financial aid advisors or the FAFSA financial aid.

Student Loan Consolidation Rebates!



Types of Financial Aid For Students:
Scholarships
No matter what your GPA, your SAT’s, or your resume, there’s a scholarship for you. We’ve gathered nearly two billion dollars (that’s right, two billion dollars) and made it easy to search for the money with your name on it. Not only that, but we’ll connect you to the people with the purse strings. You can either search for a scholarship by name (just put its name in the box to the left), or start looking for scholarships listed in the categories in Find Your School.

` Four Basic Groups of Scholarships
Private Student Loans
Private student loan companies and organizations are willing to offer you loans with interest rates competitive with the governmental assistance programs, however, your credit score often depends on the interest rate and fees. It would be like taking out personal student loans and then paying off your college education like a credit card. We will be updating this site with private student loan search engine soon, so if you feel this is the way that suits you best, check back.
Institutional Student Loans
Both need based and non-need based, this type of financial aid is given through the college itself and information can be found in your college’s financial aid office. Often times, institutional aid is given to students in the form of financial aid grants for specialized studies.
State Financial Aid
Awarded on a state-to-state basis and if you fill out the FAFSA financial aid form, it will automatically be forwarded on to your state’s financial aid department. Deadlines to apply vary on a State to State basis and while most State deadlines are the same as the Federal deadline, some states do have earlier deadlines and you will miss the cut off date if you apply later than the stated deadline. Information can be found through your state’s Department of Education.
Military Financial Aid
If you are interested in joining the US military, the Armed Forces have set up programs to further your education for services performed. This could be signing up for the ROTC (Reserve Officer’s Training Corps) program, or enlisting in a branch of the armed services.
Federal Student Loans
The largest source of student financial aid available. Federal financial aid is free to apply for using the FAFSA financial aid form and anything but financial aid grants are awarded strictly on a need based assistance status. You can calculate your financial need using a financial aid estimator.

Types of Federal Loans

1. Federal Pell Grant

** This just in! The budget for the Pell Grant Award has been increased for the 2008 school year. The maximum amount of money a student can be awarded for the Federal Pell Grant will be $4,600 by 2008 and will continue to rise to $5,400 by 2012. **


This type of student financial aid is awarded as a need based gift. Financial aid gifts are not expected to be paid back and are awarded on a need basis.

2. Campus Based Programs
This is Federal money given to each individual college’s financial aid office to be doled out to students based on need using calculations approved by the Federal Government. Work Study Financial Aid often consists of ‘hard to get jobs’, such as working on campus in places like the Library, Admissions Offices and Alumni...
  • Federal Supplementary Ed. Opportunity Grants (FSEOG)
  • Federal Work Study
  • Federal Perkins Loans

3. Federal Family Education Loan Program (FFEL)
The FFEL is a governmental program that provides both insurance and subsidies to banks and private companies, allowing them to lend students money for college. Basically, the government is your co-signer, backing your success to re-pay...
  • Federal Stafford Loan Program
  •    a. Subsidized
       b. Unsubsidized
  • Federal PLUS Loans
  • Federal Loan Consolidation

4. William D. Ford Federal Direct Loan Programs
The Direct Loan Program is almost identical to the Federal Family Education Loan Program (FFEL) except that with the Direct Loan Program your lender is the Federal Government and not a private bank or organization. Your school will either have one of these types...
  • Direct Stafford Loan Program
  •    a. Subsidized
       b. Unsubsidized
  • Direct PLUS Loans
  • Direct Loan Consolidation

5. Section 529 plans
Section 529 plans are also known as QTP, or Qualified Tuition Plans. Right now there are two main types of QTP, the pre-paid college tuition program and college savings plans. These plans are named after the 529 section of the Internal Revenue Code...
  • Prepaid Tuition Plans
  • College Savings Plan
 


  
 
 
   
 

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