As high school seniors diligently work their way through their first Free Application for Federal Student Aid (FAFSA), parents should be monitoring where their children are in the college funding process so they can help plan accordingly.
NextStudent, the Phoenix-based premier education funding company, offers a wide array of online financial planning tools to help students and their families wade through the waters of college financial planning.
Financial Aid Calendar
The first step in the process is to be aware of what is expected of you as a student and as a parent. Even though its April, check the Financial Aid Calendar to double check where you are in the process and keep on track. This also is the perfect time for high school seniors to get a jump-start on next year and see what will be expected of them as college-bound seniors.
Search for Free Money
The college funding cycle begins with the search for scholarships, or Free Money. Local and national scholarships are an important avenue to explore because they can help cut the costs of financial aid that has to be repaid. NextStudents FREE Scholarship Search Directory has a total of 2.4 million scholarships from 42,000 funding sources with total awards of $3.4 billion.
Financial Aid Guided Tour
For another in-depth look on what to expect when applying for financial aid from a NextStudent Financial Aid Advisor, take NextStudents Financial Aid Advisor: The Guided Tour.
Financial Aid Frequently Asked Questions
If students and parents have specific questions regarding financial aid and their best options, find the answers in NextStudents Financial Aid Frequently Asked Questions.
As high school seniors all across the country begin receiving their acceptance letters and have completed their FAFSA forms, they will begin to receive Award Letters from each of the schools to which they have been accepted. These letters will explain the type of aid and amounts for which they qualify.
At this time, students and their parents should begin work on or revisit their college-budget and just how much they will be responsible to pay in the coming year. NextStudents FREE College Budget Calculator can assist in refining the college budget and establishing how much additional money students will need.
Both Stafford student loans and Parent PLUS Loans for Undergraduate Students (PLUS) are available through NextStudent. Because individualized service is a top priority at NextStudent, every customer is personally assigned an Education Finance Advisor to guide students through the student loan process from start to finish. If students and parents find that there is a gap in their education funding, NextStudent also offers private student loans with borrowing limits of up to $40,000 annually.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding simple. Learn more about Student Loans, Private Student Loans, and Student Loan Consolidation at NextStudent.com.
It is a well known fact that education is the most important thing for the people because they can obtain a great career and thereby earn happiness and prosperity only with the help of education. But education is becoming costlier day by day. Increase in the cost of education is making it unaffordable for maximum number of students.
In such situations to continue their educations students have to take help of private student loans. In fact there are situations where the students have many taken loans one over the other and then find it difficult to keep papers of all the loans properly and make repayment of different loans on different dates individually. Therefore the only solution to this problem is private student loan consolidation.
Private student loan consolidation combines all the loans into a single loan so that students have to make repayment only once on a particular date; there is no need to pay the separately. It is to be noted that private student loan consolidation has gained immense popularity in the recent past and has helped many students who have financial problems because it allows the students to reduce their monthly payments to some extent. Further, it makes the financial life of the students simple and easy. So if you are intelligent enough you will definitely opt for private student loan consolidation.
Private student loans are loans that have been taken from private lenders such as banks and other financial institutions. They are very helpful for the students in gaining their education and make their dreams come true. However, there are certain misconceptions about these loans which need to be clarified before you take up private student loans.
Subsidized or Unsubsidized- The first misconception about Private Student Loans is that federal as well as private student loans are subsidized. Actually the fact is, Federal student loans offer subsidized interest rates but private loans do not offer any subsidized interest rates. In case private loans are offered at subsidized interest rates; it is due to the requirements or merit of the student applying for the loan.
Student Loans Are Paid After Graduation Or Not- The second misconception about private student loans is that student loans are paid after graduation. It should be remembered that all student loans are not paid after graduation and if you want to take loans where you can repay your loan after graduation then you must mention it clearly when requesting for loans.