Stafford Loans: Loan Amounts for the Federal Stafford Loan

The Stafford loan was created by the United States government in an effort to help Americans achieve post-secondary education goals via assistance in the form of federal grants, federal scholarships, work study, and the federal Stafford loan. These loans are applied for by filling out the FAFSA or Free Application for Federal Student Aid available at more than 4,000 schools nationwide.

Stafford Loans: Eligibility for the Federal Stafford Loan

Stafford loans are provided by the US Department of Education to help pay for the costs associated with post-secondary education. The federal Stafford loan is one of only a few federally-backed loans in the nation, and while the eligibility requirements are strict, students who are able to qualify for these loans will enjoy generous terms and benefits.

Perkins Loan Default: What to do if You Can’t Pay Your Federal Perkins Loan

A Perkins Loan default is a serious issue that requires your immediate attention in order to protect your credit and ability to gain access to federal educational loans. Perkins loans are issued by the United States Department of Education and are backed by the full faith of the United States Government. In fact, the FDSLP or Federal Direct Student Loan Program is the only federally-backed loan program in the country,

Pell Grant: Award Amounts and Eligibility for the Federal Pell Grant

Pell grants are unique types of educational funding for students with financial need. In most cases the federal Pell grant is awarded to students that come from low income families or are otherwise at a disadvantage. The program was created and is managed by the United States Department of Education as a means to assist underprivileged Americans with a way of obtaining money for college that never has to be repaid.

Pell Grants: How to Qualify for the Federal Pell Grant

Pell Grants are free types of educational funding offered through the FDSLP or Federal Direct Student Loan Program. Like most other grants, money awarded to students through this program never has to be repaid by the student. In this sense, Pell Grants really are free money for college. However, there are certain requirements that must be met in order to qualify for this or any other type of federal aid,

Pell Grants: How Much Money for College Can I Get With a Pell Grant?

Pell grants are available to students with financial need to pay for their educational expenses. This type of Federal grant awards money that never has to be repaid by the student; provided they meet all requirements. By filling out a FAFSA or Free Application for Federal Student Aid, a student will be able to determine their eligibility for all types of Federal educational funding programs, including Federal scholarships, Federal work study, loans and the Federal Pell grant.

Perkins Loan: How to Get One Now Via the FAFSA

A Federal Perkins loan is available to students with financial need to help pay for their educational expenses. Like other types of Federal educational funding, the Perkins loan is available at more than 4000 schools and universities Nationwide. However, because not everyone will qualify for a Perkins loan it is important to understand how your financial situation will affect your eligibility for this type of Federal funding.

PLUS Loan Consolidation Benefits

A PLUS Loan consolidation offers a way to better manage federal educational loan debts. While most new education funds are issued under the Federal Direct Student Loan Program or FDSLP, there are many students that have multiple loans spread across numerous lenders. Additionally, grad students and professional students that currently have PLUS loans in combination

PLUS Loan Interest Rates and Other Details

PLUS loan interest rates are among the lowest in the nation when it comes to any type of educational lending. This is especially true considering that this particular type of financial aid is intended for parents to be able to pay for their children’s education. And unlike financing through traditional banks or educational lenders, a PLUS loan interest rate will not be affected by a parent’s credit rating,

Student Loan Default: PLUS Loan Rehabilitation Programs Can Help

PLUS loan rehabilitation programs were developed to help resolve late payments or student loan defaults on federal educational loans. Loans issued under the Federal Direct Student Loan Program and other types of federal financial aid carry certain terms and conditions that could result in aggressive action if a student loan default occurs. This is an important consideration because unlike other types of loans and debts, student loans are never “charged off” and you cannot include them in a bankruptcy. For this reason, it is critical to use programs like the PLUS loan rehabilitation to prevent the accumulation of fees, penalties and interest that occur with student loan defaults.

PLUS Loan Application Process

The PLUS loan application process is undertaken by parents who wish to pay for the education of their children by taking advantage of federal educational lending programs. PLUS loans are offered to parents that meet certain eligibility requirements and have a child who is enrolled in college at least half-time. There are many types of federal student aid programs available, such as the Stafford or Perkins loan, the ACG and Smart grants, and federal scholarship and work study programs.

PLUS Loan Default: Consequences of Not Paying

A PLUS loan default is a serious matter that is much different than a regular student loan default. In fact, a PLUS loan default can have consequences that are much more severe than other loan types, such as federal Stafford or Perkins loans. Regardless of the type of student loan that you have, there are some important considerations that you should make in the event that you find yourself struggling to pay. The consequences of a PLUS loan default are significant and should be avoided at all costs.

Pell Grant: Get one Fast via the FAFSA

The Pell grant is a type of educational funding offering by the United States Department of Education that never has to be repaid. Like other types of grants, the federal Pell grant works by awarding students who meet certain criteria with money for college and college-related expenses. Students seeking a Pell grant will need to apply using the FAFSA or Free Application for Federal Student Aid. These forms are available at thousands of schools in the US, making the Pell grant easily available to students who qualify.

ACG Grants: How to Get a Federal ACG Grant

ACG grants or Academic Competitive Grants are sources of free money for college provided by the United States Department of Education. By filling out a FAFSA or Free Application for Federal Student Aid, a student can determine their eligibility for the ACG grant, as well as a host of other types of federal educational funding, including other grants, loans, scholarships, and work study. ACG grants are different from any other federal programs

Stafford Loan Default: How to Repair the Damage

A Stafford loan default is a very serious issue that requires immediate attention. Stafford loan default accounts are often pursued aggressively by both the federal government and professional collections agencies. In almost all cases, the Stafford loan default being held by the creditor is very easy to enforce in a court of law. This is because the MPN or Master Promissory Note that you sign in conjunction with filling out a FAFSA is your personal and legally binding guarantee

Stafford Loans: What Happens if I Default on a Federal Stafford Loan?

Stafford loans are essentially a contract between you as a student and the federal government. When you apply via the FAFSA for a Stafford loan, you agree to repay any money lent as either a subsidized or unsubsidized Stafford loan. This is why students who apply for a Stafford loan must sign a MPN or Master Promissory Note.

Perkins Loan: How to Get a Federal Perkins Loan

How to get a Perkins loan is as easy as filling out a FAFSA or Free Application for Federal Student Aid. The Perkins loan is a federally funded educational loan program that is offered to students with financial need. Because of this, not every student will qualify for a Perkins loan. In general, Perkins loans are granted to students whose household income is about $25,000 or less per year.

PLUS Loans: The Parent PLUS Loan Application Process

The PLUS loan provides parents with a means to fund the cost of their children’s undergraduate education. PLUS loans feature a low, fixed rate of interest and flexible repayment terms. This includes the ability to defer payments on the loan until the student has graduated or drops below half-time status. In some cases, parents may even have the ability to request a forbearance during times of financial difficulty.

PLUS Loans: Terms and Conditions of the Parent PLUS Loan

PLUS loans are the best option available to parents who wish to pay for their children’s college education. In fact, the federal government created the PLUS loans program specifically for this purpose. It can be difficult or impossible for some parents to pay for a child’s education out of their pocket- college is expensive and money is tight for many people.