Hey Friends Try to Start to find student loans now

If any of his sons is a student of the last year of high school, your home probably saturated with relevant activities--and costs. It is not my intention to increase your level of stress, but this is perhaps a good time for you and your child begin to figure out how to finance the University next fall. Seriously.

Deadlines for submission of applications for loan approach and there are many decisions to be taken and the documents that must be completed.

The first step is to complete the free application for Federal student assistance (FAFSA) form. The FAFSA is a requirement of almost all institutions of higher education, universities and professional schools, as well as for the majority of the State and college assistance programmes.While still not be it can be concluded with information relating to revenue in 2011, once you start the process you can register at any time and update your record.

Get a FAFSA school adviser or the Office of financial assistance at www.fafsa.ed.gov, or by calling 1-800-4-FED-AID. The deadline for the submission of the FAFSA to obtain federal loans for the 2011-2012 school year is until June 30, 2012, but many delays of the State and individual schools are a few months earlier.

Available different types of assistance to help cover costs in universities, educational institutions, community colleges and schools of trades, professions or techniques of four years, for example are:

• Hundreds of thousands of free scholarships which are awarded each year. Visit www.finaid.org/scholarships for more details.
• Federal Pell Grants subsidies are granted on the basis of the level of need that low-income students have access to post-secondary education. The maximum annual amount of Pell Grant allowance is $5500. They should not return.
• The Federal grants of opportunity for the supplementary education for up to $4000 per year are awarded to students with special financial needs.
• The Federal study and work program provides part-time jobs for college students with financial needs, so that they can earn money to pay for their educational expenses.
• The direct Stafford loans are low-interest federal loans without Commission opening and two classes: "Subsidized", on the basis of the needs and the Government pays the annual interest while students remain registered; and "Not subsidized", which are not on the basis of the needs and the students are responsible for the payment of the interest that accumulates while they remain registered.
• The Federal Perkins loans with low interest are for students that demonstrate extraordinary financial needs. They are subsidized and have no commissions or default rates.
• Banks and other lenders offer private educational loans to bridge the gap between the Government loans and the real costs of education. They are not subsidised or guaranteed by the Government and generally have higher rates of interest, however you can request more important amounts. Details and rates vary widely.
• Some universities sponsor their own loans, often with lower rates of interest than federal loans. See the financial information of each University for what is available.
• The federal direct PLUS loans (in English, Parent Loan for Undergraduate Students) allow parents to apply for a loan for educational expenses of their children. Interest rates are fixed (but greater than the Stafford loan) and charge commissions.
• These private parent loan offered by banks and other lenders, usually greater than the loans interest rates PLUS. They can also have commissions.
• Some universities also offer their own loans to parents, usually with interest rates below rates on PLUS loans. See the financial information of each University for what is available.

SO WE MUST START NOW!

See www.federalstudentaid.ed.gov and www.finaid.org for complete information about the different types of grants/loans, calculators and many other tools.

To conclude: it is preferable to start carefully analyse the University funding now to avoid getting into panic next winter.




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