However, students are often eligible for financial aid, including scholarships, grants, work-study or loans to help reduce the overall price of attendance. To be eligible for federal and some other forms of financial assistance, families must fill out the Free Application for Federal ...
Students need to submit the FAFSA to determine whether they are eligible for a Pell Grant. As families weigh the affordability of colleges, they should be aware that the federal Pell Grant is the first form of aid a student with exceptional financial need can expect to receive. ...
If you're employed by a government or a nonprofit organization, you may be eligible for the PSLF program. Eligibility requirements include that you're a non-defaulted federal Direct Loan borrower who's made 120 qualifying payments under an accepted repayment plan (consecutive and non-consecutive)...
The impact of financial aid on year to year persistence: A disaggregation of federal student loan programs. The rising costs of higher education have shifted the responsibility of paying for college from the federal government to students. One of the consequences... KS Lachman - New York Universi...
A Perkins student loan was a type of student college loan made to students with exceptional financial need, based upon the student's FAFSA financial aid application. Funds were provided by the federal government for these loans. The interest rate for Perkins loans is 5%, and payments begin 9 ...
The federal student loan repayment pause has ended as well as the on-ramp period. Here are some things to know about this.
Direct PLUS loans for parents of students attending loans Other things to know about federal student loans They carry fixed interest rates. The amount you can borrow is limited. Repayment options include income-based plans, waivers, deferrals and other options if you fall behind or default. ...
Some federal loans, like direct subsidized and direct unsubsidized ones, have limits. Others, like the Parent PLUS loan, allow you to borrow up to your college's full cost of attendance. This can be helpful for students with little assistance elsewhere, but according to financial aid advisor ...
Most students need some financial assistance to pay for higher education. To qualify for federal aid, students and their parents must fill out the Free Application for Federal Student Aid, or FAFSA. What Is the Free Application for Federal Student Aid (FAFSA)?
Federal loans generally have more favorable terms, including flexible repayment options. Students with "exceptional financial need" may qualify for subsidized federal loans, while unsubsidized loans are available regardless of financial need. The interest is usually lower on federal loans compared to priv...