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April Newsletter: Stafford and Private Loan Information, plus our $10,000 ScholarshipPoints winner

4 April 2011 11,916 views 35 Comments

We hope your spring semester is going well!

What is featured in this month’s newsletter? The Stafford Loan acceptance process, a word from our $10,000 ScholarshipPoints winner and help with answering those grad school loan questions.

How do I get my Stafford loan?

By now, most of you have received and reviewed your financial aid award packages that outlined the federal loans you are eligible for. Some students qualify for Perkins Loans and subsidized Stafford Loans, which have lower interest rates than unsubsidized loans. Learn more about interest rates.

To accept a Stafford loan, students need to contact their financial aid office. Stafford Loan funds are sent directly to the office twice per year, once each semester about halfway through. Any money that exceeds tuition and fees will be returned to the student, or the student’s account will be credited accordingly. This extra money can be used for other school-related items such as books, food, housing etc. Just remember that the loan must be paid back eventually, so if you don’t need it, don’t use it! Click here, to read more about the Stafford loan process.

Stafford Loan not enough? If you are one of those students who have not received enough funding through federal loans, consider taking out a private student loan. Private loans are a great way to cover any extra education-related expenses. Learn more about how to pay for your entire education.

March $10,000 Scholarship Winner


ScholarshipPoints.com Logo

Paolina Engibegian was recently announced as the winner of the March 2011 $10,000 scholarship. Paolina is a sophomore at Glendale Community College in CA. She is working towards transferring to UCLA to become an Endocronologist. “This scholarship will be a great help in paying for my education,” said Paolina. “I also work part time to help pay for my educational expenses and this award will be a huge financial help to me.” Do you want to become a College Scholarship Winner just like Paolina, but are not a member yet? Click here to become a ScholarshipPoints member.

ScholarshipPoints members, login into ScholarshipPoints now and redeem the code FANAPRIL11 for 25 scholarship points.

Heading to Grad School next semester?


GradLoans.com Logo

This year many college seniors are choosing to enroll in graduate school right after college. Academically this can be very beneficial, but financially it can be daunting. In most cases, your undergraduate student loans will be deferred until you complete grad school, if you remain enrolled at least half-time. However, you might be taking out more loans to attend. GradLoans.com offers graduate student financial aid resources and information regarding graduate Stafford Loans, Grad PLUS Loans, Private Graduate Loans and scholarships. Learn more about your options today!

Financial Aid Workshops for Upcoming Freshman

If you were recently accepted to college, keep an eye out for “accepted students day” (or weekend). Meant to organize and inform students, these events are a bountiful resource for those seeking financial aid and can be crucial to your final college choice.

Read the recent blog post on “Accepted Students Day” to find out why you should attend, the financial aid questions you need to ask, and more resources for recently accepted students.

April Featured Blog

Students and parents might be researching both Parent PLUS and private student loans, but which is right for you?

Read this recent blog post on choosing a student loan: Parent PLUS vs Private.

ScholarshipPoints.com awards $1,000 scholarship and Flip™ UltraHD video camera

The popular student scholarship reward website ScholarshipPoints.com recently announced the winners of their Scholarship Idol viral video contest. In 60 seconds or less, students were given the chance to express themselves creatively and originally in a video and upload it to the ScholarhipPoints YouTube Channel.

Read the article!

We want to hear from you

If there is a particular topic you would like us to cover, leave a comment on our suggestions page.

FinancialAidNews.com and the Financial Aid Newsletter are services of the Student Loan Network. We recommend that you always fully explore scholarships, grants and all federal student aid options to pay for your education prior to applying for a private student loan.

Image attribution: www.flickr.com/photos/daniellerose/3484484939/

Financial Aid News is sponsored in part by:

35 Responses to “April Newsletter: Stafford and Private Loan Information, plus our $10,000 ScholarshipPoints winner”

  1. KALPESH says on April 6, 2011 at 7:43 am:

    Student is neither Citizen nor Permanent Resident of USA but applied for Permanent Residency. Due to backlog for allocating Permanent Residency, it may take another 7-8 years. Presently Student is considered as Adjustment of Status category by USCIS. FAFSA has rejected to provide any type of aid/loan to such student. Where to contact and how to solve this problem for such future citizen of USA?

  2. Sarah says on April 6, 2011 at 11:31 am:

    I think it isn’t fair for those of us who have worked for years and made too much money to get government help to go back to school. It isn’t fair that people who haven’t worked get all the help they need but when the people who have paid in their taxes for the last 10 years can’t get help when they are trying to better themselves.

  3. Fiona says on April 6, 2011 at 2:47 pm:

    Thank you please have a day
    From Fiona David

  4. Andrea says on April 6, 2011 at 10:11 pm:

    I don’t think your opinion is completely true Sarah. I agree that there are some people who work around the government system and reap the benefits without working for it. This is one flaw our government still needs to improve, but there are diligent people who are loyal to our country in paying taxes even though they are not given credit due to their immigration status. Hopefully one day, they will be rewarded for their faithfulness

  5. marie says on April 7, 2011 at 12:39 am:

    I enjoy coming to this website at least twice a month. Thank you for the opportunity for winning scholarships…

  6. Kaitlyn Dwyer says on April 8, 2011 at 10:04 am:

    Very informative article!!

  7. devin says on April 8, 2011 at 4:50 pm:

    Thank you for the opportunity to win a scholarship!

    • Toni says on April 11, 2011 at 8:10 pm:

      How exactly does this scholarship point system work. I know how to get points but how do I get the scholarship form them, do u know?

  8. Maria says on April 8, 2011 at 6:43 pm:

    A lot of important information

  9. Demetrice says on April 9, 2011 at 3:30 am:

    I enjoyed the article!

  10. joan says on April 9, 2011 at 11:08 am:

    good article

  11. thomas says on April 9, 2011 at 1:25 pm:

    Thanks guys!

  12. alysssa lawrence says on April 9, 2011 at 1:59 pm:


  13. Dylan says on April 10, 2011 at 10:30 am:

    Making bank with scholarships with ScholarshipPoints.com!

  14. Brandy Turner says on April 10, 2011 at 11:48 pm:

    Loved this article. I like knowing who the winners are.

  15. Stephen says on April 11, 2011 at 1:19 pm:

    This article had a lot of important information

  16. samm perez says on April 12, 2011 at 1:06 am:

    really opened my eyes

  17. Jake says on April 12, 2011 at 4:43 pm:

    good article

  18. centeria says on April 12, 2011 at 10:38 pm:

    wow.wonderful words.

  19. amy says on April 12, 2011 at 11:49 pm:

    this article was very helpful. thanks

  20. Cheyenne says on April 13, 2011 at 11:57 am:

    It was very helpful! Thanks!

  21. Tisha says on April 13, 2011 at 12:51 pm:

    Wow. I thank God everyday for the opportunities he allows me to get. College is one of them

  22. Julia Hagen says on April 13, 2011 at 9:50 pm:

    Undergrade enrolling in MOT at TWU. SWF with children needing a recovery plan from the recession. I am grateful for my achievements and will receive financial security through a Master’s in Occupational Therapy.

  23. Melissa Barnes says on April 14, 2011 at 9:35 am:

    Great article

  24. chee says on April 14, 2011 at 10:50 am:

    very helpful!~

  25. Denise Ortiz says on April 15, 2011 at 12:58 am:

    why does college have to be so expensive? :(

  26. Kelly says on April 15, 2011 at 8:25 am:


  27. Sarah says on April 15, 2011 at 11:41 am:


  28. Shakaryl says on April 15, 2011 at 7:11 pm:

    This was very interesting.

  29. Nata says on April 15, 2011 at 8:20 pm:

    this is good information . i love opportunities like this that help you win scholorships.

  30. alexis says on April 15, 2011 at 8:43 pm:

    This article was very helpful. Thanks! :)

  31. Janel says on April 16, 2011 at 4:08 pm:

    Thanks for the helpful info!

  32. Ikie says on April 16, 2011 at 8:42 pm:

    really great article! thanks a lot for it!it’s good stuff to know!

  33. TeAndra says on April 18, 2011 at 11:00 am:


  34. karo says on April 18, 2011 at 3:12 pm:

    It is very difficult to find out money to study online.

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