Financial Aid

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All About Federal Perkins Loans

In the last couple of posts we have discussed different types of student loans, including Stafford Loans and Federal PLUS Loans, which leads us to Federal Perkins Loans. Federal Perkins Loans are low-interest loans (5% for the 2012-2013 school year) for both undergraduate and graduate/professional students with high financial need. It is available through government…

PLUS Loans – The Ins and Outs of Being a Borrower

Last week we discussed the details of Stafford Loans, so this week we’ll go over the ins and outs of PLUS loans. What Are They? PLUS loans are one of many forms of federal financial aid that is available for both undergraduate and graduate students. They are made available to the parents of dependent undergraduate…

The Skinny on Stafford Loans: Subsidized & Unsubsidized

When going to college, financial aid can be a scary and intimidating process. With unfamiliar terms and long lengthy processes, applying for and accepting student loans can make the transition to college a bit complicated. Traditionally, there are two common forms of federal student loans that are made available to undergraduate students; subsidized and unsubsidized…

The Campus Debit Card Trap & Your Financial Aid

College is a time of many firsts for a student: First time living away from home, first time doing your own household chores and, for many, first time getting your own debit card. With the wide variety of options available from different banks, it can be hard for a young adult to make sense of…

Recent Changes to Student Aid: What Are They and How Do They Affect You

College is expensive. Many students can’t afford going to college without the help of Federal Student Aid. The Federal Student Aid program helps “ensure that all eligible individuals benefit from federal financial assistance—grants, loans and work-study programs—for education beyond high school.” However, the Student Aid program will be different starting in the upcoming school year…

Divorce and Financial Aid

What happens when parents are getting a divorce and financial aid for their dependent child has yet to be processed for the next school term? Even if parents are just separating, it often requires a student to itemize the income of the student and of the custodial parent on the joint income tax return. If…