Here are some hints regarding
facts regarding stafford student loans
Student Loan Online Application
The borrower must first complete the FAFSA (Free Application for Federal Student Aid) form and submit it to the financial aid. A renewal FAFSA can be completed if the applicant has submitted a FAFSA in the previous year. The FAFSA can be completed online: http://www.ed.gov/offices/OSFAP/Students/apply/express.html. If the student has already completed a FAFSA or renewal FAFSA for the current school year, he or she should submit a copy of their SIR forms. The Federal Government must receive the FAFSA or renewal FAFSA before any financial aid will be disbursed.
The borrower will then complete and submit the MPN (Stafford Loan Master Application and Promissory Note) and KSI financial aid application and paperwork. The Financial Aid Officer will counsel the student and determine the loan amount for which he or she is eligible. Once the certified loan amount is set and the borrower has returned the completed Promissory Note, the financial aid office will complete the School Certification Form.
Students will have an Entrance Counseling session to explain all the rights and responsibilities of student loan applicants. Once the student borrower has finished their coursework or withdrawn from the school, any remaining loan funds in the student account will be returned to the Lender.
Students will have an Exit Counseling session to explain repayment responsibilities, options and terms
What to do if you have a problem?
If you have a problem, ask for help. Do not just skip payments. If you run into financial difficulties while paying back your student loans, contact the servicer of your loans and explain the situation. The servicer may be willing to re-negotiate the amount of your monthly installments or offer you a financial hardship forbearance. You may be allowed a short period in which no payments are due, or you may be permitted to make lower than usual payments for a time.
For further information please visit: http://studentloan911.com
More Useful Resource and Updates on facts regarding stafford student loans
- Hammond family eyes better times (Post-Tribune)
The Hammond single mother of two escaped an abusive relationship, had to quit the local college she was attending because of an old, outstanding student loan, and was homeless for a time.
- A push to boost college graduation rates (The Christian Science Monitor via Yahoo! News)
When it comes to competing globally, the United States not only needs to get more students into college, but it also needs them to actually earn their diplomas. That's the conclusion of business leaders and policymakers concerned about the education level of younger generations who will replace 78 million baby boomers heading toward retirement.
- Regional News: Student accused of forging loans (The Mercury)
NORRISTOWN ? A 21-year-old Temple University student accused of forging student loan forms failed to show up for a pretrial conference Wednesday.
- Trustee appointments, elections at Cayuga Community College (The Post-Standard)
The Cayuga Community College Board of Trustees has welcomed several new members in recent months. Elections were held at the October board meeting to fill vacancies for chair and vice chair of the board.
- Study flunks N.D. in college affordability (The Bismarck Tribune)
North Dakota and almost every other state got a failing grade in college affordability in a new report on higher education. The report says North Dakota is a top-performing state in high school completion but has a big gap in the rate between white and American Indian students.
- Report Shows College Costs Rising Fast (KTAL Shreveport)
When it comes to college, the Arklatex gets a failing grade, at least when it comes to affordability. In a new study on the issue, only California got a passing grade.
- RISLA able to bond for student loans in difficult borrowing climate (Warwick Beacon)
Written by MOORE, RUSSELL J. While some states are struggling to provide college loans to students and parents, the Rhode Island Student Loan Authority (RISLA) has been able to navigate the waters of a difficult borrowing environment.
- Families weigh college costs (WCBD-TV Charleston)
The credit crunch is forcing many of your to rethink how you?re going to pay for college. A new study says nearly every state including South Carolina receives failing grade when it comes to college affordability.
- Rising costs could push college out of reach (CNN)
The cost of attending college has risen nearly three times the rate of the cost of living, and could eventually put higher education out of reach for most Americans, according to a National Center for Public Policy and Higher Education report released Wednesday.
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