Author: Staff

What Dropping Out of College Means for Financial Aid

While it's often seen as a mark of shame, backing out of college might be the only course of action in some circumstances. Everyone’s situation will be different, but dropping out of college is never a decision taken lightly.If you are considering dropping out of college, have you considered the impact it will have on financial aid? What about the impact on student loans? If you haven’t, take a moment, with a pen and pencil in hand, to work out the details and find out the long-term damage this decision will have on your financial success.What Happens If You...

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How to Handle Student Loans When You Lose Your Job

Student loans tend to come with long repayment terms. You can expect to see 25 years as a standard term for both private and federal loans.Over the course of two decades, a lot can happen, including a financial crisis, like losing your job for example. How can you handle the financial burden of student loans with job loss? Your initial reaction may be to panic, but there are a few options provided by federal student aid that may ease the financial burden and get you through the crisis.If you’ve recently lost your job, remember this is most likely a...

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How to Handle Student Loans When You Have a Disability

For current students and recent graduates with student loans, a long-term disability diagnosis can trigger panic. You may wonder how you can manage your monthly repayments if you are no longer physically or mentally capable of working.Those holding federal student loans may be eligible for a student loan deferment, forbearance, or total and permanent disability discharge (TDP).Federal student loans have a safety net in place for students facing long-term financial hardship, including programs for those with a disability preventing them from finding meaningful work. A disability is a life-altering event. If you have a long-term disability, explore the following...

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Stafford Loan Guide

Stafford loans are the way that most students pay for their college education funds. In fact, this is one of the most commonly taken out loans. When it comes to the Stafford Loans, there are both subsidized and unsubsidized types and each can be used by both undergraduates and graduates. These Stafford Loans are offered to students through the U.S. Department of Education, like Perkins Loans, Parent PLUS Loans, and Grad PLUS Loans.What are Stafford Loans?Subsidized Stafford loans are available to all undergraduate students that have some type of financial need for the loan. The amount that you are...

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Grad PLUS Loan Guide

If you are attending college and entering into grad school, you may be looking for a loan to help you afford the cost of tuition and other expenses. Fortunately, there is a federal student loan program known as the Grad PLUS loan, which can help you financially when you want to attend grad school.Like Parent PLUS loans and Perkins loans, these are offered by the federal government. ​If you do not know much about this loan, you are not alone, and we will go over it in depth below to help you get a good idea of what it...

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