Financial Aid For Students

As far as loans for federal aid go there are the Federal Direct subsidized loan

, the Federal Direct Unsubsidized Loan, the Perkins Loan, the Parent PLUS loan and the Graduate PLUS loan. Loans, unfortunately, are not free money. These, unlike the grants, must be paid back. The good news is that these loans generally come with a very low interest rate and a pay-back date that does not start until a student finishes school. It is because of this low interest rate and pay-back terms that these loans are much preferred over standard loans from commercial financial institutions. Due to these low rates and appeasing terms, many students and parents have more than one loan, that normally get consolidated into one large loan at the end of the student's education. Should the student decide to pursue any further education, such as graduate school, these loan re-payments can be postponed until the end of graduate school. At the end of their college career, a student must complete an exit exam to ensure that they understand the terms of their loans, so that there are no surprises in the future.

Financial Aid For Students

By: Jenny Maloy

POST COMMENT

Financial Aid-What it's All About Get Help with Financial Aid Financial Consulting Consulting Firms My financial life in ruins How to become certified financial planner through On-line CFP Program DSS Benefits: Real Help in Financial Needs!! GOOD FINANCIAL STEPS TO TAKE WHEN YOU GET MARRIED The Tipping Point In Your Steps To Financial Freedom Financial Options Mounting Financial Hardship Needed Financial Information 2010 Financial Reform Bill – It's been tried before, and it didn't work! Financial Aid for Disabled Seniors