Monday, January 31, 2011

PLUS Loans: How Much Money for College Can I get with a PLUS loan?

PLUS loans offer parents the ability to pay for their children’s education even when they do not have enough capital to pay out-of-pocket. PLUS loans for parents provide families with a way to enable a student to concentrate on what matters most- their studies. By not having to worry about paying for education on their own via taking out student loans or other forms of financial aid, students experience much less stress and in theory will perform better overall in their academic studies.

Thursday, January 27, 2011

PLUS Loans: An Easy Way for Parents to Help Pay for College

PLUS loans do not enjoy the same level of attention that is paid to other forms of financial aid available on the FAFSA such as Stafford loans, Perkins loans, and the FSEOG. This is because PLUS loans are for parents. A PLUS loan allows a parent to fund their children’s education with a low interest rate and great terms on a loan that would be difficult or impossible to obtain elsewhere. However, because most of the information provided on the FAFSA or Free Application for Federal Student Aid is aimed at students, the availability of the PLUS loan is not widely known.

Wednesday, January 26, 2011

PLUS Loans: Federal Financial Aid for Parents

PLUS loans are an excellent source of funding for parents that wish to pay for their children’s education. Offered by the federal government in conjunction with the United States Department of Education, PLUS loans are available to parents and guardians depending upon their credit history and other factors. PLUS loans feature a fixed interest rate of only 7.9%, making it easy for parents to pay for college. However, there are some other important and unique features of a federal PLUS loan:

Monday, January 24, 2011

Stafford Loans: Using the FAFSA to get Federal Financial Aid

Stafford loans are available to students with financial need simply by filling out a FAFSA or Free Application for Federal Student Aid. Stafford Loans are offered at more than four thousand schools nationwide, enabling students to attend the college, university or trade school of their choice. In order to obtain a Stafford Loan, a student is required to fill out a FAFSA and submit it to their school’s financial aid office.

Monday, January 10, 2011

FSEOG Tips: How to apply correctly the first time

If you’re applying for the FSEOG or Federal Supplemental Educational Opportunity Grant, you should know that all you really have to do to see if you qualify is fill out a FAFSA. The Free Application for Federal Student Aid is available at almost all colleges, universities, trade schools, technical schools, and medical/nursing schools. Filling out a FAFSA will also determine your eligibility for other federal programs, such as scholarships, work study, loans, and other grants besides the FSEOG.

Sunday, January 09, 2011

Understanding the FSEOG and how grants work

If you’re looking for money for college, it’s pretty tough to beat grants as an excellent source- especially the FSEOG. The FSEOG or Federal Supplemental Educational Opportunity Grant is funded by the United States Government and managed by the USDE or United States Department of Education. Schools and universities help to oversee and administer the FSEOG and other programs that are available to a student simply by filling out a FAFSA or Free Application for Federal Student Aid. However, there are many more types of federal aid available than just the FSEOG, so it’s important to understand what options you have before you start filling out the FAFSA.

Wednesday, January 05, 2011

The FAFSA and the FSEOG

Any student that has ever applied to a university or school before knows about the FAFSA, but few have heard of the FSEOG. Most students are aware that via the FAFSA or Free Application for Federal Student Aid, many types of educational funding can be obtained. This includes subsidized loans, unsubsidized loans, grants, scholarships, and federal work study programs. Of these programs, nearly every student has heard of the Pell grant, and many have probably heard of the Perkins loan. The FSEOG or Federal Supplemental Opportunity Grant is not very well known, however. This is especially strange considering that the FSEOG can provide thousands of dollars in free money for college.

Tuesday, January 04, 2011

Understanding the FSEOG and related acronyms

When it comes to seeking money for college, encountering acronyms like FSEOG, FAFSA, USDE, and many others can make applying for financial aid confusing. Many schools, financial aid offices and websites use these acronyms frequently enough to make it seem like they assume everyone who sees the terms will understand what they mean. Use of industry jargon such as FSEOG and FAFSA is widespread, so if you want to get all of the aid and free money for school that you qualify for, you’ll need to learn these terms.