Student Loan FAQ’s - Frequently Asked Questions About Student Loans

Student Loan FAQ’s (frequently asked questions)

Who do I contact if my lender or lender servicer has closed? You can contact the guaranty agency that is listed for additional information about your loan.

Who do I contact if the guaranty agency is closed? Staff at the U.S. Department of Education’s Federal Student Aid Information Center will take your information and forward it to the appropriate parties for research and a response. You can contact them at 1-800-4-FED-AID or TDD 1-800-730-8913.

Federal Grants - A Guide To Federal Grants and Requirements

Federal Grants - A Guide To Federal Grants and Requirements.

The Federal Pell Grant

The Federal Pell Grant is the largest federal grant program and is based on financial need. There is no minimum grade point average or other academic requirements, as along as you attend an eligible school. Awards are up to $4,050.

The U.S. Department of Education determines your eligibility based on your answers on the Free Application for Federal Student Aid (FAFSA). Submit your FAFSA as soon after January 1 as possible.

If you receive a Federal Pell Grant, your school will credit your college account with the grant amount, pay you directly, or both. The federal government guarantees that each participating school will receive enough funding to pay the Federal Pell Grants of all eligible students.

The Federal Perkins Student Loan - Perkins Student Loan Information

Federal Perkins Student Loan

Federal Perkins Loan - what is it and am I elgible for one?

The Federal Perkins Loan definition: The federal Perkins loan is a low interest loan that can be used for both undergraduate and graduate students. Students must qualify and have “financial need”. “Financial Need” definition: When you apply for federal student aid, the information you report on the FAFSA is used to calculate your Expected Family Contribution (EFC). The formula used to calculate your EFC is established by law and is used to measure your family’s financial strength on the basis of your family’s income and assets. The EFC is used to determine your eligibility for federal student aid.

College Isn’t For Everyone - High Paying Alternatives To A 4 Year College Degree

Alternatives To A College Degree

College Isn’t For Everyone - High Paying Alternatives To A 4 Year College Degree

College isn’t for everyone these days. In today’s time, it seems all you hear is “Go to college and get an education and you’ll be set for life.” Well, I’m here to tell you that’s a Urban Myth, you know, like Bigfoot and the exploding cell phone myths.

Sure, if you really want a career in medicine, law or engineering, you’ll need a college degree. But let’s face the facts and the cold hard truth. Not all High School graduates are cut out to go to a 4 year College. And what’s more, a lot of them have no desire to go to College and sit through boring lectures while their parents are screwed over ever increasing college fees.

Student Loan Definitions

Student Loan Definitions

Student Loan Definitions: What they are and what they mean to you! Trying to figure out what all those student loan definitions and abbreviations stand for on a student loan application can give you a real headache. Take a minute to print out this list of student loan definitions and loan abbriviations before sitting down to fill out your student loan application. And you can put the asprin back in the cabinet!

Federal Student Loans - Steps To Apply

Federal Student Loans

Applying For a Federal Student Loan doesn’t have to be complex. If you follow these easy steps, you should have no problem applying for a variety of Federal Student Loans. 

Is College Right For Me?

Is College For Me

Is College Right For Me? Many high school graduates find theirself asking those same questions. “Will I be able to go to college“? Is another one. Fortunately, the last questions is easy to answer.

Federal Student Aid’s mission is to ensure that all eligible individuals benefit from federal financial assistancegrants, loans and work-study programs—for education beyond high school. The programs we administer make up the nation’s largest source of student aid. During the 2005-06 school year, Federal Student Aid provided approximately $78 billion in financial aid assistance to nearly 10 million students and their families. Federal Student Aid’s staff of 1,100 is based in 10 cities across the country in addition to their Washington headquarters.

You have a variety of postsecondary education options from which to choose from. Whether you decide to attend a four-year college or university, community college or technical school, the knowledge you gain will remain with you for the rest of your life, no matter where your life leads you. A postsecondary education gives you more opportunities to become successful.