The FAFSA opens the door to work-study and Pell grants for students who are eligible, in addition to federal loans. "Try to keep the debt load as low as possible as you finance your college education," says Bruce McClary, senior vice president of memberships and communications ...
Federal student loans are broken down into four categories: Direct Subsidized Loans, Direct Unsubsidized Loans, Direct PLUS Loans and Direct Consolidation Loans. Within those categories, there are loan options for undergraduate students, graduate students, professional students and even parents. These loa...
The 2025-2026 federal student aid application will open to all students as late as Dec. 1, mirroring delays last year. Sarah WoodAug. 12, 2024 Create an Account Create a free account to save articles, sign up for newsletters and more. ...
Federal Perkins Loans Federal Perkins Loansare not available anymore. These were the best loans for undergraduate, graduate, and professional students. They were given on the basis of extreme financial need, and the interest rate was also very low. ...
Another aspect of financial aid to consider is the repayment terms. Most scholarships and grants do not have to be repaid. Most loans do. How financial aid is determined The first step in obtaining most financial aid is to fill out the Free Application for Federal Student Aid (FAFSA). In ...
In his case, he also applied for student loans which allowed him to attend college, but he knows he will have to pay the loan money back. Byhoneybees— On Jun 26, 2012 When I went to college I was awarded some federal student grants each year. My parents did not make a lot of mo...
My financial aid package included college student loans, but I did not receive the maximum loan amount allowable. I will need to borrow more for my education, but I would much prefer to use federal loans because they have lower interest rates than private loans. Does anyone have any advice?
The 2025-2026 federal student aid application will open to all students as late as Dec. 1, mirroring delays last year. Sarah WoodAug. 12, 2024 Net Price Calculator: What to Know A net price calculator can help estimate students' financial aid eligibility. ...
Many of thebest private lendersoffer similar types of student loans as those at the federal level, including undergraduate loans,graduate loans, and loans for parents. But unlike most federal loans, your approval is directly dependent on yourcredit scoreandhistory, how much you need, and whether ...
The Federal Direct Loan Program provides low-interest student loans to post-secondary students (undergraduates and graduate students) and their parents. The William D. Ford Federal Direct Loan Program, managed by the United States Department of Education, is the only government-backed student loan pr...