How to Pay for College - Scholarships, Loans, Financial Aid & the FAFSA There are many types of student financial aid for college, including scholarships, grants, loans and work-study and it can be earned at the federal, state or institution level. For more information on college costs and financial aid, check out the links and articles below. Scholarship … [Read more...] about Money
Grants & Scholarships The MDHE administers the grant and scholarship programs listed in the sidebar on the right. Grants Grant awards are usually based on financial need, do not need to be repaid and are available from the state, federal government or the college you plan to attend. To apply for most grants, the Free Application for Federal Student Aid (FAFSA) must be … [Read more...] about Money
Sallie Mae's "How America Saves for College 2013" study, conducted by Ipsos, finds that despite rising college costs, fewer American families with children under age 18 save for college (50%) than did just two years ago (60%). Based on a nationally representative survey of parents of children under age 18, the study found that: While nearly all parents believe college is an … [Read more...] about America Saves for College
Calculators Repayment Amortization You can estimate your payments with various interest rates and loan terms using this calculator. Repayment Plan You can estimate your payments under various repayment plans using this calculator. Income-Based Repayment This calculator can help you determine if you qualify for the Income-Based Repayment(IBR) plan. IBR is designed to make … [Read more...] about Helpful
Information for Transferring Students When applying for a student loan as a transfer student, it is important to keep in mind that if you received a student loan at a prior school, you will not automatically receive a student loan at your new school. If you completed the FAFSA during the current academic year and you decide to transfer, your new school may require … [Read more...] about Are You Transferring?