Stafford Loan Interest is Tax Deductible
Did you know that the interest you pay on your Stafford loan may be tax deductible. The interest you pay on the Stafford loan money that you borrowed is tax deductible up to $2,500 per year. This can be a huge that you should definitely take advantage of if you qualify!
Financial aid and a college food budget
If you live on a college campus you probably have a meal plan which you pay for as part of your room and board fees. However, if you live off campus you are probably responsible for buying your own food and cooling for yourself.
Requesting Additional Financial Aid
Is your school financial aid package the be-all and end-all of financial assistance for college? No. If your financial aid package does not meet your needs there is always an opportunity to appeal and request additional funds.
Are there Stafford loans for graduate students?
Many undergraduate student apply for federal Stafford loans to help them pay for college. But are the same financing options available to graduate students? The answer is yes! There are both subsidized and unsubsidized Stafford loans available to graduate students.
When do I pay interest on my subsidized Stafford loan?
The great thing about subsidized Stafford loans is that no interest accrues while you are in school.
Types of Federal Financial Aid
Now that we have entered into FAFSA season it is important for students to understand what they are applying for when they file their FAFSA. Some people are under the impression that the FAFSA only covers need-based loans, but the reality is that Federal Student Aid encompasses a lot more than that.
Need a Stafford loan for the 2010-2011 school year?
If you are counting on a Stafford loan for the 2010-2011 school year listen up! In order to be eligible for a Stafford loan you must file a FAFSA on or after January 1, 2010.
Stafford Loan Interest Rates
Interest rated for all Stafford loans are fixed which means that once the loan is disbursed the interest rate will never change.
A Big Reason To Repay Your Stafford Loan
Did you know that colleges with high loan default rates over a period of two years may lose their eligibility to award Pell Grants, Stafford Loans, and other student loans? It is true.
There is a Stafford Loan for You!
Many students and parents make the decision not to fill out a FAFSA because they think that a Stafford Loan is out of the question. While many are probably right about a Subsidized Stafford Loan they are wrong about an Unsubsidized Stafford Loan.