Applying for Financial Aid
What to File :-
To apply for all forms of Federal Student Aid, you must complete the Free Application for Federal Student Aid, or FAFSA. You can also completing the FAFSA online at www.fafsa.ed.gov.
Paper forms are available from High Schools, Colleges and Universities, and many Public Libraries. In order to complete the FAFSA, you (and your parents, if you're a dependent student) will also need to have filed or prepared your federal tax return.
Note :- Some schools may require Additional Financial Aid Application Forms; be sure to check with your school's financial aid office.
When to File :-
IMPORTANT :- File the FAFSA after January 1, but preferably before March 15.
Many schools have a March priority deadline for applying for financial aid, but check with the financial aid office to be sure. If you're an entering Undergraduate or Graduate Student, don't wait to receive your admission acceptance before applying for financial aid. You indicate the schools to which you are applying for financial aid by listing the Title IV school code on the FAFSA. You can search or verify a school code at http://www.fafsa.ed.gov/fotw0304/fslookup.htm
What Happens Next ?
The financial aid office at your school will notify you of your eligibility for Federal Financial Aid and its own school-based aid, if any. Funds from "campus-based" aid (including Federal Pell Grants, Federal SEOG, Perkins Loans, and health professions financial aid) will be disbursed directly to your student account at the school.
Note :- You may be required to complete additional paperwork, such as a Perkins Loan promissory note, prior to the funds being credited to your account.
Other forms of financial aid, including Federal Stafford Loans, PLUS Loans and private loans, generally require that you select a lender before receiving the funds.
Note :- Some schools participate in the Direct Loan Program for Stafford and PLUS Loans, which means that borrowers must use the U.S. Department of Education as the lender.
Applying for Loans from Kankuratan.com :-
You can receive your Federal Stafford Loan from kanuratan.com.
Parents can conveniently pre qualify for a
Federal PLUS Loan from kankuratan.com.
If you wish to borrow a kankuratan.com private loan, simply
Successfully paying for college or graduate school also involves careful budgeting during school and managing loan payments after completing your program. Nellie Mae has several calculators and other information that can help.
Tips for late college savers
- Min. $2,500 debt
- 2 or more accounts.
- A source of income.