Smart Borrowing
First Options for Paying for Post-Secondary Education: HINT: 4 Answers
Grants, Scholarships, Work-Study and Personal Savings
Anyone who needs federal direct loans or private loans to pay for college expenses
What is a borrower?
What Georgia State Scholarship is available to all Georgia students that graduate with a 3.0?
What is HOPE?
Do I have to file a FAFSA?
Yes, if you want to be considered for federal,state, and institutional grants and/or loans.
Federal "PLUS" loan
What is federal parent loan for undergraduate students?
Last Option of borrowing for post secondary education
Direct Loans
Person who pledges to pay back the loan if you do not
What is a co-signer?
October 1st
Date when FAFSA opens each year
The four types of financial aid.
What is grants, scholarships, loans, work-study?
FAFSA
What is the Free Application for Federal Student Aid?
Type of Loans to Stay Away from:
Private Loans and Direct Parent PLUS loans
When do I start paying back my loans?
Typically six months after graduation or when you are no longer enrolled half-time in school.
Who should apply for scholarships and grants?
All eligible students.
When should I file my FAFSA?
As early as possible in October.
FWS
What is federal work study?
When does interest start accruing on the Direct Unsubsidized Student Loan?
Immediately upon disbursement of the loan
Student Loans cannot be included in this particular legal process. You will always owe them.
Bankruptcy
Where can students find scholarship application tips and list of electronic resources?
Office of Student Financial Aid Homepage or www.gafutures.org
AGI
What is adjusted gross income?
What should students consider when choosing a private loan lender?
Interest rate, fees, loan amount, and other available options
Direct Susidized and Direct Subsidized Stafford Loans; by degree-seeking and a half-time student.
What are the federal student loans and their requirements?
Where can you find your unofficial transcript, apply to Georgia Colleges, and find your HOPE GPA?
What do I need to remember from year to year when filing my FAFSA?
FSA ID and password (replaced the PIN number)
EFC
What is Expected Family Contribution