how to find my student loans – Student Loans : How to Get My Student Loan Discharged or Forgiven …

Posted by admin on November 25, 2011 under Student Loans | Be the First to Comment

Find More Financial Aid Information Here!

Types Of Student Aid

Types of Student Aid

Federal Pell Grant Grant:
Does not have to be repaid. Available almost exclusively to undergraduates; student may receive up to 2 consecutive maximum awards in a year if
attending school year-round $609–$5,550 for 2010–11

Federal Supplemental Educational Opportunity Grant (FSEOG) Grant:
Does not have to be repaid. For undergraduates with exceptional financial need; Federal Pell Grant recipients take priority; funds depend on availability at school
$100–$4,000

Teacher Education Assistance for College and Higher Education (TEACH) Grant: Does not have to be repaid unless you fail to carry out the service obligation. In that case, you must repay a TEACH Grant as a Direct Un
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subsidized Loan with interest accrued from the date the grant was disbursed. For undergraduate, postbaccalaureate, and graduate students who are taking or will be taking course work necessary to become an elementary or secondary school teacher; recipient must sign an Agreement to Serve promising to teach full-time in a high-need field for four complete academic years (within eight years of completing academic program for which the TEACH Grant was received) at a low-income elementary or secondary school or educational service agency Up to $4,000 a year.

Undergraduate students: total amount may not exceed $16,000
Graduate student: total amount may not exceed $8,000

Iraq and Afghanistan Service Grant:
Does not have to be repaid. For students who are not Pell-eligible; whose parent or guardian died as a result of military service in Iraq or Afghanistan after Sept. 11, 2001; and who, at the time of the parent’s or guardian’s death, were less than 24 years old or were enrolled at least parttime at an institution of higher education Maximum is same as Pell maximum; payment adjusted for less than full time study.

Federal Work-Study Money earned while attending school;
Does not have to be repaid. For undergraduate and graduate students No annual minimum or maximum amounts Jobs can be on campus or off campus; students are paid
at least federal minimum wage.

Federal Perkins Loans Loan:
Must be repaid 5% Undergraduate and graduate students enrolled at least half-time. Must demonstrate financial need Undergraduate students: up to $5,500 a year.

Graduate and professional students: up to $8,000 a year Amount actually received depends on financial need, amount of other aid, availability of funds at school. Must be repaid to the school that made the loan. Up to 10 years to repay, depending on the amount owed.

William D. Ford Direct Stafford Loans Direct Subsidized Stafford Loan:
Must be repaid.

Undergraduate students:
• For loans first disbursed on or after July 1, 2010, and before July 1, 2011: 4.5%
• For loans first disbursed on or after July 1, 2011, and before July 1, 2012: 3.4%
• For loans first disbursed on or after July 1, 2012: 6.8%

Graduate students:
6.8%

Undergraduate and graduate students enrolled at least half-time Must demonstrate financial need $3,500–$8,500, depending on year in school. The U.S. Department of Education is the lender and pays interest on the loan while you are in school at least half-time and during grace and deferment periods Between 10 and 25 years to repay, depending on amount owed and type of repayment plan selected.

Direct Unsubsidized Stafford Loans Loan:
Must be repaid 6.8% Undergraduate and graduate students enrolled at least half-time Financial need is not required $5,500–$20,500 (less any subsidized amount received for the same period), depending on year in school and dependency status. The U.S. Department of Education is the lender The borrower is responsible for paying all interest on the loan starting on the date the loan is first disbursed. Between 10 and 25 years to repay, depending on amount owed and type of repayment plan selected

Direct PLUS Loans (for parents and graduate and professional degree students) Loan:
Must be repaid 7.9% Graduate students enrolled at least half-time and Parents of dependent undergraduate students to help pay the cost of their child’s education Financial need is not required. Must not have adverse credit history. Cost of attendance (determined by the school) minus any other financial aid received; there is no minimum amount The U.S. Department of Education is the lender Loan is unsubsidized (you are responsible for paying all interest)

Loan Consolidation Direct Consolidation Loan:
Must be repaid Fixed rate is based on the weighted average of the interest rates on the loans being consolidated, rounded up to the neare
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st one-eighth of 1% Cannot exceed 8.25%. Borrowers with multiple federal student loans Depends on the amount of the loans Combine multiple federal student loans into one loan A parent loan cannot be consolidated with the student’s loan(s) and become the student’s responsibility to pay.

By: George Jefferson

Article Directory: http://www.articledashboard.com

George Jefferson is an Education Specialist with CompleteSchools.com (www.completeschools.com/). Complete Schools has Information on over 6,500 colleges and 120,000 public and private schools. Complete Schools also hosts a large resource section to help you achieve your educational goals. Resources include Student Loans.