FFELP student loans are federally backed student loans originally funded by private lenders. The FFEL Program ended in 2010, but you may still be repaying them.
The U.S. Department of Education offers students several federal loan options to help pay for college. These loans are designed specifically for students.
When grants, scholarships and federal student loans aren’t enough to cover college costs, private student loans can help make up the difference. For the 2024-25 academic year, theaverage cost of tuitionand fees for in-state undergraduate students at public four-year colleges is $11,610, or...
Unlike federal student loans, your credit score will impact the rate you’re offered. Thebest private student loan ratesare just below 3.5 percent and typically only go to excellent-credit borrowers. However, fair or poor credit score borrowers may face rates above 17 percent, depending on the...
Federal student loans generally have more favorable terms. They offer forgiveness, cancellation and discharge alternatives in addition to the recentplan announced by the Biden administration. Private loans can fill a gap when public loans, scholarships, fellowships, subsidies and grants aren't enough ...
Once you file yourFree Application for Federal Student Aid (FAFSA®), the aid you receive (if you do receive aid) may help you cover on-campus living. In addition, depending on the scholarships and grants you receive and the requirements for using those funds, you can sometimes apply them...
The federal FAFSA deadline is June 30 for each academic year, but college and state deadlines are often much sooner. Sarah Wood Jan. 14, 2025 How to Get Free Money as a Student From grants to scholarships to FAFSA, there are lots of ways to minimize your ...
The federal FAFSA deadline is June 30 for each academic year, but college and state deadlines are often much sooner. Sarah Wood Jan. 14, 2025 How to Get Free Money as a Student From grants to scholarships to FAFSA, there are lots of ways to minimize your student debt. Jessica Walrack...
Federal Student Loan Defaults: WHAT HAPPENS AFTER BORROWERS DEFAULT AND WHYWhile student loan default is a topic well covered by academic literature and the media, most...Delisle, Jason D.Cooper, PrestonChristensen, CodyThe American Enterprise InstituteAEI Paper & Studies...
Created by the Higher Education Act in 1965 as a way to promote access to education, federal Pell Grants are special scholarships reserved for undergraduates and certain other students with the most significant financial need. The grants generally don't need to be paid back, but they often don...