How to Apply for Student Loans
Paying for your college education requires pragmatic financial planning. If you can get some scholarship, grants or student loan, it can make www.fafsa.gov Login easier. The office of Federal Student Aid is a part of the US Department of Education that provides financial aid such as grants, work-study funds and loans for higher education to millions of students.
The Federal Pell Grant Program provides students grant to pay for college. It is a need-based grant offered to low-income undergraduate and certain post baccalaureate students from US federal government to promote higher education. Students from all the US states can apply for it. Unlike a loan, it is not to be repaid under normal circumstances.
The maximum amount that can be awarded is $5,815. The amount you can qualify for depends on your financial need, whether you are a full-time or part time student, cost of attending the school, whether you want to attend a full academic year or less etc. If you are qualified, you will receive the full amount.
The amount of any other student aid for which you might qualify does not affect the amount of your Federal Pell Grant. You won’t get Pell Grant from more than one school simultaneously. It is not mandatory that you take a loan when you apply for a Pell grant.
www.fafsa.gov Login – Pell Grant at FAFSA
You can apply online or send filled up form via mail. Follow the guidelines given below on how to apply.
• You need to collect documents needed to fill out the Free Application for Federal Student Aid application. If you are below 24 years of age or unmarried, you need your parent’s tax information, your tax information and any savings accounts balances, if any.
• You search for your school code and ensure that it qualifies for Pell grant.
• You apply for Personal Identification Number, PIN. It serves as your online signature.
• To apply online, fill up an online application form at www.FAFSA.ed.gov.
• Once your application is processed by the financial office, you will be notified if you qualify for a Pell Grant and the amount the student loan you can get. You can deny loan or a part of it if you don’t want.
• The grant or the loan you get will be sent to your college. The college will take its fees and if any fund remains, it will disburse it to student.
• The Pell Grant amount doesn’t fulfill your education expenses; you can apply for student loans in the same form.
Other Student Education Loan Programs
Students can apply from other sources. Here private lenders guaranteed by the federal government provides loan, it can be subsidized as well as unsubsidized loans. The loan can be offered from a bank, credit union, US department of Education or other institution.
You need to repay the loan with interest within specified time period. There are several repayment options available to choose from. You have to sign a legal document when you get the loan. If you get high grades, you can apply for merit scholarship too. Scholarship is not to be repaid usually.
You can also apply for Federal Work-Study student aid program where you are allowed to do some part time work to pay for your education expenses.
Students from low income families can also apply for Teacher Education Assistance for College and Higher Education Grant from federal government. If you are granted, you will have to at elementary school, secondary school or educational service agency and get $4,000 a year to meet your educational requirements.
Apply for a student loan/grant and make it easy to fulfill your dream of higher studies!
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