Many students make the decision to go to graduate school right after they complete their undergraduate education. Often times students are hesitant to go back to school and take out more loans because they already have a significant amount of debt from their undergraduate education.

Transferring from one school to another is an extremely common occurrence for college students. It can be a complicated process but it usually works out for the best. However, students often wonder what happens to their Stafford loan when they transfer schools.

Generally a student ceases to be eligible for aid once he or she has finished the term and is no longer enrolled. However, a student may submit verification documentation and receive a late disbursement after that time if the Department of Education processed a SAR or ISIR with an official EFC while said student was enrolled.

Did you know there are a few mandatory forbearance situations you may qualify for?

The Higher Education Act allows a financial aid administrator (FAA) to make dependency overrides on a case-by-case basis for students with unusual circumstances. If the FAA determines that an override is appropriate, she or he must write a statement detailing the determination and must include the statement and supporting documentation in the student’s file.

I actually hear this question quite often, and in the interest of full disclosure I must admit that I didn't know who my lender was when I took out my Stafford loan either.

A FFEL lender is prohibited from discriminating against an applicant on the basis of race, national origin, religion, sex, marital status, age, or disability.

Did you know that a student who is otherwise eligible for a subsidized Stafford loan and, after not more than two rejections, who has been unable to find an FFEL lender willing to make such a loan, should contact the guaranty agency in his state of residence or the guaranty agency in the state in which his school is located?

Did you know the Stafford loan has fees attached to it? There are two different fees attached, an origination fee and a default fee. Now here is the good news - those fees are coming down.

We all know that college is undoubtedly expensive. It is one of the biggest financial investments a person makes in his or her lifetime. I’ve been out of college for a little over a year now and know that paying for college will be on my mind every month until my student loans are paid [...]