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Written by Michael Karp
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Saturday, 22 August 2009 10:27 |
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 Many public and private schools are running out of on-campus housing. With the number of first and second year students at public and private institutions on the rise, colleges are starting to actively encourage students to move out. This leaves many parents and students struggling to find proper off campus housing in disparate urban and suburban areas; combing college message boards and local newspapers to find apartments, rooms and houses for rent. Instead of renting, many financial planners have started to recommend parents take part in the once again booming real estate market.
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Last Updated on Wednesday, 09 September 2009 15:01 |
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Written by Michael Karp
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Saturday, 22 August 2009 10:11 |
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There are two methods for calculating aid, the Federal Methodology (FM) and the Institutional Methodology (IM). Both methodologies use the student and parent's income and assets. The number that each comes up with is called the Expected Family Contribution (EFC).
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Last Updated on Saturday, 22 August 2009 10:35 |
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Where does aid come from? |
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Written by Michael Karp
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Saturday, 22 August 2009 10:08 |
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Where does the financial aid come from?
Each academic year (July 1st - June 31st) there is over a hundred billion dollars in financial aid available for students. These funds come from four main sources. The first and most talked about is the Private source. These would be from funds coming from your church, high school, rotary club or an independent scholarship you have applied for. Private scholarships make up a very small percentage of the total amount of financial aid provided to students.
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Last Updated on Tuesday, 08 September 2009 08:25 |
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PLUS loan or Alternative Loan |
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Written by Michael Karp
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Saturday, 22 August 2009 09:56 |
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PLUS vs Alternative Loans
The PLUS loan carries a fixed interest rate of 8.5% (7.9% for Direct Loans and some FFELP lenders). PLUS loans can also be consolidated after graduation into an extended 20 year repayment. .
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Last Updated on Tuesday, 08 September 2009 08:35 |
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Direct Loans - What are they and how do I apply? |
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Written by Michael Karp
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Saturday, 22 August 2009 09:53 |
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Direct Loan program saves government money
Stafford & PLUS loans are administered under either the Federal Family Education Loan (FFEL) or William D. Ford Direct Loans Program. FFEL loans use funds provided by banks and credit unions while the Direct Loans program saves the government millions of dollars a year, but not borrowers. Pennsylvania residents borrowing under the KeystoneBEST program do not pay the standard 3% origination and guarantee fee that is charged by Direct Loans and can receive a 1% rebate of loan principal at graduation.
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Last Updated on Tuesday, 08 September 2009 08:56 |
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