FAP760: 3 Things You Must Know From Your Financial Aid Award Letter

19 March 2008 1 views No Comment

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Student Financial Aid News
+ Inside Higher Ed: It probably won’t surprise too many people that a new federal report shows sizable increases in borrowing of federal loans by undergraduate students. But the extent of the borrowing, and the changes in who is borrowing and the kinds of loans they are taking, may well open some eyes, at a time when policy makers are intensely focused on student debt and the availability of loans.
+ Students at for-profit institutions were likeliest to borrow.
+ Middle income students are seeing the sharpest increase in borrowing.
+ More and more borrowers are borrowing as much as they can in federally backed loans.
+ More students are borrowing.
+ Most of that increase resulted from growth in borrowing of unsubsidized loans.
+ Announcing new affiliate partner ING Direct and the FDIC savings account
+ www.FinancialAidPodcast.com/ing

Scholarship Update
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+ Details at our free college scholarship search site

Financial Aid 101
+ How to read financial aid award letters
+ 1. Determine what financial aid you’ve received.
+ 2. Determine what financial aid is scholarship or grant money and what financial aid is loan money that must be repaid.
+ 3. Determine if there’s still unmet need that you must cover out of pocket or with alternative student loans or other sources of funding.

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