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A new National Consumer Law Center (NCLC) report analyzes a Unified Servicing and Data Solution (USDS) contract, set to go live in the spring, and its potential impact on studentloan borrowers’ rights and experiences. Alpha Taylor The U.S.
Whether you are just starting your studentloan journey or have been dealing with studentloan debt for decades, you can use NCLC’s newly created StudentLoan Toolkit to help you take charge of your studentloan situation and move forward. Download the toolkit today!
Public Service Loan Forgiveness (PSLF) is one of the most popular federal studentloan forgiveness programs, and it has been in the news a lot during the last two years. As… The post 3 New Pathways To StudentLoan Forgiveness Through PSLF Under New Rules appeared first on StudentLoan Planner.
Immigrant high school students without citizenship or permanent residency in the U.S. Known to many as Dreamers, DACA recipients, and undocumented students, it’s easy for them to slip through the cracks without getting the educational support or resources they deserve. No studentloans. No Pell Grants.
Having the right tax documentation can sometimes be the difference between owing Uncle Sam or getting a refund. Let’s look at the most important studentloan tax documents you need when filing taxes. Plus, we’ll show you how to use them to lower your studentloan payments.
Completing the FAFSA (Free Application for Federal Student Aid) is one of the most important tasks you’ll need to tackle as you prepare for college. Create Your FSA ID Before you even start filling out the FAFSA, you’ll need an FSA ID (Federal Student Aid ID). If you’re a dependent student, your parents will also need to sign it.
Higher education becomes even more expensive when students receive their financial aid offers – and theyre smaller than everyone hoped. Some schools allow students to appeal for additional aid if they can demonstrate extenuating circumstances. These jobs are often on campus and designed to accommodate student schedules.If
Total and Permanent Disability Discharge (TPD) is a loan discharge program that allows borrowers who are disabled and cannot work to have their federal studentloans canceled. In the past, the Department of Education had a contract with Nelnet, a studentloan servicing company, to handle all applications for TPD discharges.
For students heading to college, there is an immense pressure that comes with managing academic responsibilities and trying to determine how to pay for school. Provide Supporting Documentation Your financial aid office will likely require supporting documentation to validate your claim.
Refinancing your international studentloans can be a game-changer in managing your studentloan debt more efficiently and potentially reducing the amount of interest you pay by thousands of dollars. But, what are the steps to refinance, and what challenges do international students face in this process?
If you're on an income-driven repayment (IDR) plan for your studentloans, you might benefit from using alternative documentation of your income when it’s time to recertify. IDR plans require you to update your income and family size yearly, usually using your most recent federal income tax return.
If you're on an income-driven repayment (IDR) plan for your studentloans, you might benefit from using alternative documentation of your income when it’s time to recertify. IDR plans require you to update your income and family size yearly, usually using your most recent federal income tax return.
Many students don’t realize that asking for more financial aid is a legitimate strategy that can potentially lighten the cost of paying for school. If you have any changes youre trying to share, make sure you have documentation to show the difficulty your family is facing.
This post is a continuation of the last two that summarized Modules 1 and 2 of the StudentLoan Entrance Counseling (SLEC). Module 3, “Federal StudentLoans”, is summarized in this post. SLEC ensures that a student understands their rights and responsibilities with Federal loans prior to entering into a loan agreement.
Studying abroad offers countless opportunities for personal and professional growth, but financial constraints can hold many students back. In this blog post, we’ll guide you through the world of finding financial aid for international students, exploring scholarships, grants and studentloans to make your dream of studying abroad a reality.
But there’s one important part of the college journey that many students delay – financial aid planning. Heres how you can begin today: Learn the Basics of Financial Aid One of the most important tools in the financial aid process is the FAFSA (Free Application for Federal Student Aid).
Your Student Portal and Email This will become your new communications hub. Set Up a Plan to Pay the Balance Even with financial aid, many students still have a remaining balance. Submit Final Documents Most schools will ask for final high school transcripts and possibly immunization records or placement test scores.
But this decision isn’t just about choosing the school with the best programs, campus vibe, or student culture. These scholarships can sometimes be more generous for Regular Decision applicants than for those applying Early Action, as schools may allocate the majority of their funds to students who apply later in the cycle. #5.
Get Familiar with the FAFSA The FAFSA (Free Application for Federal Student Aid) is your golden ticket to need-based financial aid. Take some time now to understand what documents youll need. This way, you wont be scrambling to gather tax forms, bank statements, and other documents when its go-time.
Create a Financial Aid Checklist Gather important documents like tax returns, social security numbers, and your familys financial info ahead of time. The Power of Financial Aid A lot of students dont realize how much financial aid can reduce the cost of college. Now Enrolling: College Financial Aid Advising for the Class of 2026-2027!
One of the biggest questions students and families face is how to pay for higher education. As a junior, there are steps you can take now to set yourself up for financial aid success: Research Scholarships : Many scholarships are available to students in their junior year or earlier. The earlier you start preparing, the better.
But the reality is that there are no income limits with the Free Application for Federal Student Aid (FAFSA); any eligible student can fill out the FAFSA to see if they qualify for aid. While some aid is based on financial need (such as subsidized loans and Pell Grants), other aid is not (such as unsubsidized federal loans).
Your student made the exciting decision to attend their dream college. To help your student along the way, here are ten essential tips for enrolling in college at their dream school! To help your student along the way, here are ten essential tips for enrolling in college at their dream school! Congratulations!
Look into Funding Options When it comes to financing a college education, several funding options are available for students. Additionally, federal studentloans can be a helpful resource for many students, offering low-interest rates and flexible repayment options.
Updated May 2023 Students who receive financial aid may have an unexpected bill to pay—a tax bill. While most scholarship awards are not taxed, there are a number or circumstances in which they can be, and many students and parents may not know the details. Do college students have to file tax returns?
As students embark on their educational journeys, the prospect of financing their studies often looms large. However, the question of when to start looking for scholarships is one that many students grapple with. Let’s explore when to begin looking for scholarships as a college bound student!
Navigating the financial aid process as a college student or first time college parent can feel mind-boggling, especially with the numerous terms and acronyms thrown around. I want you to feel confident and comfortable as you navigate all of the documents you’ll be handling over the next year! This typically opens in October.
In this blog post, we’ll explore the different types of scholarships available for undergraduate and graduate students enrolled in a variety of engineering fields, along with tips for applying and alternative funding options. Here’s an example of a merit-based award: the Engineering Excellence Scholarship (Overseas Students).
And What Borrowers Can Do When Their Servicer Fails Them Federal studentloan borrowers are entering their fourth month of repayment since the end of the payment pause in September 2023. million federal studentloan borrowers during the first month of repayment. The largest fine, $7.2 million borrowers.
If that happens to your family, here’s a few ideas of how to find money to pay for college after financial aid: Contact the Financial Aid Office(s): If there is a school that particularly appeals to your student, you can contact the financial aid office and ask if there are any other options for receiving more financial aid.
As college tuition costs continue to rise, the search for scholarships becomes increasingly crucial for students and their families. Whether you’re a high school student preparing for college or already navigating your way through higher education, the pursuit of scholarships should never be underestimated.
Supply all requested information: If any of your financial applications were selected for verification, you must get all the supporting documentation to the school in a timely manner so they can make a final decision regarding your financial aid. It’s important that you have documentation about every change you’re sharing with the offices.
Education Department (ED) in 1979 was to assist students in paying for a post-secondary education. Like corporations that market to consumers, the ED conducts much of its business with its student-consumers over the Internet. There are many clever scams designed to pick the pockets of students who seek funds to pay for college.
The most important financial document that students will file with their families this fall is the FAFSA, the Free Application for Federal Student Aid. Even without being able to file the form right now, there’s still plenty students and their families can do to be prepared to send in their FAFSA! Driver’s license.
But, I’m here to tell you that a request for extra documentation is not a reason to panic! You might see a note on your Student Aid Report saying you’ve been selected for verification, or your school might contact you to inform you that your application has been selected for review. You can also track the submitted documents, too!
How Finding Money for College Is Now Easier Than Ever For the last 40+ years, students and families have been frustrated by the process of filing the FAFSA. This single document is the key to funding a college education, yet it’s been one of the most notoriously difficult documents to file. This is going to be a major change!
Whether you’re applying to college or the parent of a soon-to-be-college student, understanding these terms is key to getting the financial support you need for college. Let’s start with SAI, or Student Aid Index. Once you complete the FAFSA (Free Application for Federal Student Aid), you’ll receive a SAR or Student Aid Report.
Federal Direct PLUS Loans, commonly referred to as Parent PLUS Loans (PPL’s), are uncollateralized loans made by the U.S. Education Department (ED) to the parents of dependent students to help pay for college. PPL’s have fixed interest rates, flexible repayment options, and the opportunity for loan forgiveness.
Federal Direct PLUS Loans, commonly referred to as Parent PLUS Loans (PPL’s), are uncollateralized loans made by the U.S. Education Department (ED) to the parents of dependent students to help pay for college. PPL’s have fixed interest rates, flexible repayment options, and the opportunity for loan forgiveness.
How the FAFSA is Making Financial Aid More Accessible to Families Nationwide In the last year and a half, the Free Application for Federal Student Aid – or FAFSA – has undergone major changes to make the application easier to complete for students nationwide. Some scholarships may even require the form to be completed.
As students prepare for the exciting journey of attending college, one of the most important steps you’ll take is filling out the Free Application for Federal Student Aid, or FAFSA. How to Apply for FAFSA Before you dive into the FAFSA, gather all the necessary documents. Let’s break down how to get started!
Carefully document all changes in your family’s financial situation from last year to this year. Ask your parents if they are willing to help repay any portion of studentloans you may borrow. While this is not an exact amount, it does give you a pretty good indication of what it costs a typical student to attend each college.
Those students’ high school careers were thrown into disarray by the COVID pandemic. But, as higher education settles into its post-pandemic reality, what can those students expect to face—and how can private-sector scholarships help as they work toward their associate’s, bachelor’s and graduate degrees?
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