May 18, 2012

Appealing a Financial Aid Offer – Can it be Done?

Your financial aid offer letter will show how much a college or university is willing to offer in the way of student loans and scholarships. But what happens when that figure is too low? How can you appeal?

Selective Service and Financial Aid

Guys, I'm sure most of you are well aware of the option to register for Selective Service once you turn 18; but did you know that it could have severe financial repercussions if you don't?

Freshmen: How to Get Your Stafford Loans

TweetWhile high school seniors are receiving their acceptance letters and financial aid award packages, they might be exploring the differences between the loans they are eligible for and wondering how to actually acquire these loans. Many students are lucky enough to qualify for Subsidized Stafford Loans, which have a lower interest rate than unsubsidized ones. [...]

Applying for Federal Grants

Applying for federal loans is a common task for most college students, but did you know that when you file your FAFSA you're automatically applying for federal grants as well? Unlike loans, federal grants do not need to be paid back and are both tax and interest-free.

Stafford Loan Interest Rates Lowered

As I'm sure many of our readers out there know, the interest rate for subsidized undergraduate Stafford Loans was lowered last year from 5.6% to 4.5% which was a major step forward for federal loans. Well, the interest rate has dropped again!

Most popular student loans for college

Not everyone is aware of all the loan options available to pay for college. For an overview of federal and private sources of credit used to pay for college, view these links! Here are just a few options to consider...

How to Avoid Student Loan Defualt

Navigating student loan payments can seem daunting. Before you know it, you've graduated and need to start making payments. So what happens if you are unable to make your monthly payments? You can soon find yourself in default. Learn how to avoid this dilemma.

1040 Form – How to File your FAFSA before your Federal Tax Return

Did you know you are not required to complete your IRS federal tax return before filing your FAFSA? It is a common misnomer that it is required when it is simply encouraged. However, there will be a question on the FAFSA about which IRS Tax Form you will fill out in the future, if you [...]

What is capitalized interest?

So what is capitalized interest exactly? When the interest is not paid, it is capitalized or added to the principle balance, which increases the outstanding principle amount on the loan. Interest that is capitalized and, therefore, has been added to the original amount of the loan subsequently accrues interest, adding an additional expense to the loan.

FAFSA Tip: Eligibility for Independent Student Status

I have received some inquiries about my previous blog: Four Bizarre things you did not know about the FAFSA. What qualifies you as an Independent Student? If one or any of the following apply to you, then you will be considered an Independent Student: You are enrolled in a Masters program, Doctorate Degree, or graduate [...]