Find the Money: The Real Story on How Aid Packages Are Calculated

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You've worked up a list of colleges that look promising, from academics to size to location to vibes. Logically, the next step would be to use price to help narrow the field-but how? Going by the figures for total costs shown in catalogs and on Web sites-last year they averaged $24,946 for private colleges and $11,338 for public...

Saving on Your College Loans as Easy as A-B-C

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On July 1, 2002, the interest rate on federal Stafford loans dropped from 5.99 percent to 4.06 percent, the lowest rate in the 36-year history of the student loan program. Past student loan borrowers never had it this good. "When the program started in 1965, the rate was 7 percent," says Barry Morrow, chief executive officer at Collegiate Funding...

Now's the Time to Start Working on College Aid

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Happy New Year. If you've got a kid who's a senior in high school and planning to start college this fall, you'd better get busy. OK, go ahead and finish your coffee first. But right after that -- or at least as soon as possible within the next few weeks -- it's time to apply for financial aid....

Myths and Realities About Paying for College

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Myth: College tuition costs more than $20,000 a year. Reality : Of the 3,600 colleges and universities in America, 81 charged $20,000 or more for tuition and fees in 1997-98. When on-campus room and board charges are added, about 300 institutions cost $20,000 or more before student aid is deducted....

How to Boost Your Financial-Aid Grade

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The application may say that June 1 of the senior year is the deadline. This just means that it will be processed if received up to that date, but by then the college is likely to have expended all of its financial aid. The sooner you get your application in after Jan. 1, the better your odds for receiving assistance....

Financial Aid: A Key Part of College

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Paying for college is an issue for every family. Many do not have the resources to pay the costs of a college education without unreasonable sacrifices. They must look for student financial aid to provide access and choice to college. With a basic knowledge about how the system works, financial obstacles should never prohibit you from fulfilling...

A Brief Look at Student Financial Aid Programs

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Financial aid refers to the wide variety of programs that help students and families pay for college or graduate school. Financial aid is available in three forms: grants and scholarships, which do not have to be repaid; loans, which have to be repaid; and work-study, which provides aid in exchange for work, usually in the form of campus-based...

Financial Aid News and Information

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Even if you earn $100,000 a year, you may qualify for "needs-based aid," if your assets fall below certain thresholds. If you earn $50,000 or less each year, some aid is virtually guaranteed. Even those more affluent can receive aid and scholarships. But no one will get one grant that covers all of the costs for a four-year college education. All...

Attorney-Assisted Mortgage Loan Modifications

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We know it can be hard to keep up with your mortgage payments, especially if you’re still working to pay off your student loans and other debt, like a car loan and credit cards....

Guide to Deferment and Forbearance

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Sometimes life can put a dent in your budget, making it harder to pay your everyday living expenses and monthly bills. When faced with the loss of a job, going back to school or sudden unexpected expenses like medical bills or car-repair costs, even the most responsible borrowers can find themselves struggling to make their student loan payments....