Financial Aid Loan Information

Financial Aid Basics

In this section you'll find dozens of articles about Financial Aid. You can read about student loans, the FAFSA & Profile as well as the Expected Family Contribution (EFC) and what it means for you. You'll also find some of the tips and tricks we recommend to save you money throughout your college adventure.

  

Latest Financial Aid Articles
Loan Information
Federal Education Loans PDF Print E-mail
Written by Michael Karp   
Monday, 21 September 2009 09:01
Last Updated on Thursday, 24 September 2009 13:52
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Student Loan Options PDF Print E-mail
Written by Michael Karp   
Wednesday, 26 August 2009 10:43

Students and parents have a variety of education loan options, but what's the best product for your family? Learn the difference between Subsidized and Unsubsidized Stafford Loans, PLUS loans and private loans. Get the low down on interest rates and fees before you sign on the dotted line.
Last Updated on Friday, 30 October 2009 11:59
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PLUS loan or Alternative Loan PDF Print E-mail
Written by Michael Karp   
Saturday, 22 August 2009 09:56

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. .

 
Last Updated on Tuesday, 08 September 2009 08:35
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Direct Loans - What are they and how do I apply? PDF Print E-mail
Written by Michael Karp   
Saturday, 22 August 2009 09:53

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.

 
Last Updated on Tuesday, 08 September 2009 08:56
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AidLink provides information on college admissions, financial aid, scholarships, federal, state and institutional grants, the financial aid process, methods to maximize financial aid eligiblity and more. Our goal is to help every family select the best school and develop a reliable plan to pay for college. Remember, never pay someone to just file your FAFSA. To complete your FAFSA, for free, visit www.fafsa.ed.gov To complete your CSS Financial Aid Profile visit www.collegeboard.com

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