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Archives: FAQs

Nov 11
2018

How much do students get in actual grant money?

2011 Amount of Aid Available: $35,772,935,000 Amount of Aid Available represents the amount of funds to be awarded to participants in this program. Number of New Awards Anticipated: 9,413,000 Average New Award: $3,800 Range of New Awards: $555–$5,550 2010 Amount of Aid Available: $32,295,226,000 Amount of Aid Available represents the amount of funds to be […]

Nov 11
2018

What Are Pell Grants

Pell Grants Are A Government Grant Program A Pell Grant is a subsidy the U.S. federal government provides for students who need it to pay for college. Federal Pell Grants are limited to students with financial need, who have not earned their first bachelor’s degree, or who are enrolled in certain post-baccalaureate programs, through participating […]

Nov 11
2018

How do you get out of paying your student loans?

  How Do You Get Out Of Repaying Your Loans? Easiest two ways I can think of… But honestly those are about it.  You can’t “discharge” them in bankruptcy.  You can’t simply not pay because they’ll take wage garnishments and your tax refund each year. The next best thing is to accept a lower paying […]

Nov 11
2018

Whats the difference between Deferment and Forbearance?

Student loan payments (at least public ones…private loan people you’re basically screwed) but public loans can be kicked down the sidewalk through two terms .. Deferment and Forbearance. Same immediate benefit…you don’t have to pay towards your loan, different long term outcome and different requirements. Deferment is your friend. Your loans are in deferment when […]

Nov 11
2018

What are student loans

Student Loans Student loans are a means to pay for college that you generally have to repay.  The repayment period may be immediate or delayed till after you graduate.  Student loans are divided into two very distinct groups.  When we discuss “Student debt” generally we are referring to student loans. Private Student Loans Private student […]

Nov 11
2018

What is a student scholarship

Student Scholarships A student scholarship is similar to a student grant in that they do not need to be repaid but are generally merit based whereas grants are generally need based.  This means the better your grades the more scholarships money you can receive. Scholarships can be private or publicly funded and may have requirements […]

Nov 11
2018

What Is A Student Grant

Student grants Student Grants are grants available to students for paying the cost associated with attending a college or universities. Grants and scholarships are often called “gift aid” or “free money” because they are free money—financial aid that doesn’t have to be repaid. Grants are often need-based, while scholarships are usually merit-based. Grants and scholarships can come […]