May 1, 2009
KHEAA, Financial Aid Tip of the Month, May
To read more, click below:
galleries/membernews/KHEAA_FATMMay.pdf
KHEAA, Financial Aid Tip of the Month, May
Things to know about student loans
A fact of life for many college students is that they will need student loans to help pay for their college education. Parents will often need to take out loans to help. So both students and parents are encouraged to learn more about student loans and how to save money on them.
The Federal Family Education Loan Program (FFELP) includes Federal Stafford Loans for students. FFELP loans will have a lender and a guarantor. The lender may charge an origination fee on Stafford Loans, similar to the points on a home mortgage. As of July 1, that fee will be 0.5 percent. The guarantor must charge a federal default fee of 1 percent. Those fees are deducted before the loan funds are sent to the student’s college.To read more, click below:
galleries/membernews/KHEAA_FATMMay.pdf
