Archive for the ‘Federal Student Financial Aid’ Category

2005-2006 School Year To Begin With No New Federal Aid, Alternative Student Loans Needed

2005-2006 School Year To Begin With No New Federal Aid, Alternative Student Loans Needed










Quincy, MA (PRWEB) August 17, 2005

The 2005-2006 school year has begun – or at least the bills have begun to arrive – with no significant changes in federal financial aid. The 2004 Presidential Election cycle pushed back the Congressional re-authorization of the Higher Education Act, which means that students who were hoping for an increase in federal financial aid will have to wait until the next academic year for any changes by Congress. As a result, students, parents, and families who need financial aid to cover education expenses are increasingly turning to alternative student loans to bridge the gap between unchanging federal financial aid and increasing tuition bills.

Christopher S. Penn, director of AlternativeStudentLoan.com commented, “The education industry expected that there would be no changes in federal financial aid during 2004 due to the election. Neither party wanted to make major changes in education funding that could backfire and be used as political ammunition during the election, so federal financial aid to students, parents, and families remains unchanged for the new academic year. As many hardworking families know, tuition bills can arrive as soon as August for the new school year.”

Alternative student loans offer competitive interest rates and borrowers can receive loan proceeds in as little as five business days after the loan is approved. AlternativeStudentLoan.com loan proceeds are sent straight to the borrower, which allows borrowers to pay tuition bills quickly, avoiding delays and frustration at registration time. Additionally, since alternative student loans are credit-based, more families can qualify for them, compared to need- based financial aid.

“One important fact that cannot be emphasized enough is that students generally don’t have enough of a credit history – good or bad – to obtain a private student loan on their own. Students who want to apply for a private student loan should do so with a co-signer, who can be any parent, relative, colleague, friend, or associate with two years of full time employment, two years of good credit history, and two years of citizenship or permanent residency in the United States. Even people on fixed incomes like retired citizens can be excellent co-signers, and help the next generation achieve their full education potential,” said Penn.

Penn noted that the Federal Subsidized Stafford Loan remains capped at $ 2,625 per year for freshmen undergraduates, while private student loans for freshmen, with approved cosigners, can provide up to $ 30,000 in additional funds for the rest of the school year.

Undergraduate, graduate, and continuing education students can apply for alternative student loans at http://www.AlternativeStudentLoan.com at any time; students are strongly encouraged to have a co-signer.

Parents of K-12 students can also apply for private school loans at http://www.AlternativeStudentLoan.com as well. Students

and families can also apply by phone by calling toll-free (866) 229-8900.

Contact Christopher S. Penn at cspenn@AlternativeStudentLoan.com for more information. AlternativeStudentLoan.com is a division of the Edvisors Network, a multi-national education services company offering students options for managing the entire education lifecycle, from getting into their college of choice to financing their education and beyond. The Edvisors Network is based in Quincy, Massachusetts, with offices in Quincy and London, England. Visit them on the web at http://www.EdvisorsNetwork.com for more information.

###




















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Recommended Reading

Miller-Motte College is growing at an alarming rate!

Miller-Motte College is growing at an alarming rate!

applications for a Financial Aid Planner. The Financial Aid Planner is primarily responsible for packaging all

Price:

Location

, USA

Recommended Reading

Financial Aid Coordinator

Financial Aid Coordinator

Coordinator interfaces with students to determine financial aid options and assists them through the student

Price:

Location

33931 Fort Myers Beach, USA

Recommended Reading

Federal student financial aid handbook

Federal student financial aid handbook

This volume is produced from digital images created through the University of Michigan University Library’s large-scale digitization efforts. The Library seeks to preserve the intellectual content of items in a manner that facilitates and promotes a variety of uses. The digital reformatting process results in an electronic version of the original text that can be both accessed online and used to create new print copies. The Library also understands and values the usefulness of print and makes reprints available to the public whenever possible. This book and hundreds of thousands of others can be found in the HathiTrust, an archive of the digitized collections of many great research libraries. For access to the University of Michigan Library’s digital collections, please see http://www.lib.umich.edu and for information about the HathiTrust, please visit http://www.hathitrust.org

List Price: $ 44.99

Price: $ 44.99

Recommended Reading

Study: Student athletes on full scholarship still pay for thousands in expenses

Study: Student athletes on full scholarship still pay for thousands in expenses
A new study suggests that the so-called “free ride” for college scholarship athletes isn’t quite so free.
Read more on ESPN

Identity Force’s CampusWatch Financial Literacy and Security Program Helps Colleges Eliminate Key Barriers to Post …
FRAMINGHAM, Mass.–(BUSINESS WIRE)–CampusWatch – a financial literacy and security program from Identity Force – helps students succeed post-graduation, improves colleges’ prospective student yields and increases alumni satisfaction
Read more on Business Wire

Study: Scholarship athletes still pay for school
A new study suggests that the so-called “free ride” for college scholarship athletes isn’t quite so free. The report by Ithaca College researchers and a national athletes’ advocacy group shows that the average “full scholarship” Division I athlete winds up having to pay ,951 annually in school-related expenses not covered by grants-in-aid.
Read more on AP via Yahoo! Sports

Recommended Reading

Federal Student Financial Aid–Counselors Handbook

Federal Student Financial Aid–Counselors Handbook
federal student financial aid

Image by rossaroni

Recommended Reading

Why Looking at Federal Student Financial Aid is More Helpful

Why Looking at Federal Student Financial Aid is More Helpful

While most parents start saving from the beginning for their children’s college education there are still times when extra help is required. This help can come in different forms, and you will find many college scholarships which will be of great help. There are also times when looking at federal student financial aid is more helpful.

You should start exploring these many avenues when your child first enters high school without waiting until they are almost ready to enter the university. This will only put a strain on you financially until you can apply for and get federal student financial aid, and this might not a financial burden that you’re equipped to carry at that particular time.

This in turn will limit the scope of your where your child can look into, to go to university, which is a greater incentive to check out everything that you can about the federal student financial aid now before it is too late and the changing times catch up with you in the form of astronomical college fees.

Many times you can get the required information from the financial aid office in various universities. Your local library is yet another place where you can find information about federal student financial aid. Since there are different versions of this financial help you should choose at least about several different programs to be on the safe side.

Some of these programs are more popular than others for a variety of reasons, and if this is the case you might find that your chances for getting these particular federal student financial aid programs are very low indeed. But if you don’t apply to them you will never know if you could have gotten through or not so it’s always a good idea to put in your application for as many of these as you need.

Of these programs the federal student financial aid that you can get from the Stafford Student Loans programs is one of the most popular ones, and therefore something which you might want to aspire to, but not hold out any hopes for. There is no reason for despair though. There are more than enough federal student financial aid programs for you to apply to and not all of them are besieged by thousands of students applying for it.

You will find that if you do your homework right, then you can find a federal student financial aid program that is right for you, and that isn’t as highly popular as the Stafford Student Loans programs is. You should still apply for the Stafford Student Loans program, but to make sure that you have a fighting chance, you should also apply to other federal student financial aid programs as well.

Muna wa Wanjiru is a Web Administrator and Has Been Researching and Reporting on Student Loans for Years. For More Information on Federal Student Financial Aid, Visit His Site at Federal Student Financial Aid

Recommended Reading

Categories
Archives

Powered by Yahoo! Answers