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
Postponement of a loan payment-doesn't hurt your credit score
Deferment
Your best financial aid resource.
Your Financial Aid Counselor
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, pet costs
Expenses not eligible for federal/private student loans
6 months
Grace period
Parent Plus loan
Loan parents take out to help with college expenses
Loans, scholarships
Federal Work Study
Types of financial aid
Federal credit-based student loan
Grad PLUS
Week of August 19th
Week of November 18th
Week of March 3rd
Disbursement dates
10 years
Length of Standard Repayment Plan
COA
Cost of Attendance
Independent status
Status a Grad student claims on the FAFSA
8.08% and 9.08%
Interest rates for Fall start students
Zero-Based
Envelope Method
50/30/20
Types of budgets
Mohela Nelnet Aidvantage EdFinancial
Federal loan servicers
300-850
Credit score range