Financial Aid Basics
Yearly application
What is the FAFSA?
1.057% and 4.228%
Federal student loan origination fees
Student Loan Planner
Budgeting tool for determining total loan amount for the academic year
A postponement of a loan payment
Deferment
Loan Entrance Counseling
Master Promissory Notes
Financial aid checklist items
Financial Aid Refund
The option of returning federal student loans without interest or origination fees
Savings for unexpected expenses
Emergency fund
PSLF
Public Service Loan Forgiveness
Financial Aid Linktree
Schedule an appointment with financial aid counselor
Loans in which interest accrues while the student is in school.
What is Unsubsidized loan and/or Grad PLUS loan?
Credit card payments, purchase of a car, car rims, dog groomer
Expenses not eligible for federal/private student loans
6 months
Grace period
Loans, scholarships, federal work study
Types of financial aid
Federal credit-based student loan
Grad PLUS
Week of June 3rd Week of Aug 19th
Week of Nov 18th Week of March 3rd
Disbursement dates
SAVE Repayment Plan
The newest IDR repayment plan that provides the lowest monthly payment
Independent status
Status a Grad student claims on the FAFSA
7.05% and 8.05%
Interest rates for summer start students
Zero-Based
Envelope Method
50/30/20
Types of budgets
Mohela Nelnet Aidvantage EdFinancial
Federal loan servicers