Financial Aid 
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FAFSA
The FAFSA form is the first step in the financial aid process. It is used
to apply for federal financial aid, such as grants, student loans, and
work-study.
Even if you don't think you are
eligible for financial aid, you should still fill it out because many different
schools and states use this form to disperse non-federal aid.
When a student and parent sit down to fill out the FAFSA form, several
things are needed. These items include:
Student's driver's license and Social Security card
Income tax returns or as close an estimate as possible
W-2 forms and other records of money earned
Current bank statements
Records and documentation of other untaxed income received such as welfare
benefits, Social Security income, veteran's benefits, AFDC, or military or
clergy allowances
Records of stocks, bonds, mutual funds, and other investments
Current mortgage information
Business or farm records (if applicable)
Two different ways can be used to complete the FAFSA. You can do it online at www.fafsa.ed.gov or you can submit a paper copy. This paper form can be acquired at your college's financial aid office or by calling 1-800-4-FED-AID. Although the paper form is available, the online form is to your advantage because it cuts the processing time in half. If you file the FAFSA online, make sure to get a PIN number sometime in December, so you will be ready to complete the form as soon as possible after January 1st. Filling out the FAFSA is free when you go through www.fafsa.ed.gov, some websites with similar names will charge a fee to submit your application.
Deadlines for aid from your state, school, and private sources are usually
earlier than deadlines for federal aid. Most colleges have financial aid
priority deadlines in early February; therefore, it is important that you apply
for aid as soon as possible after January 1st.
After you have submitted your FAFSA, you’ll receive a Student Aid Report
(SAR) in approximately three to four weeks. This report will state your
Expected Family Contribution (EFC), restate what you put on the FAFSA, and give
you the opportunity to correct wrong information. A financial aid administrator
at your college will then put together your financial aid package and send you
an award letter around the end of March or
first of April. The award letter will tell you what financial aid you are
eligible to receive. Loans
Bank of America
Federal
Stafford Loans
·
0% origination
fee
·
Federal
government pays interest on some loans
·
Defer payments
until graduation
TERI
Loans
·
Low cost
·
Flexible
repayment
·
Fast funding
Wells Fargo Collegiate
Loan
A loan for undergraduate or
graduate students enrolled in a degree or certificate program.
Whether you have just graduated from high school or are going back to
college, a TERI guaranteed undergraduate loan can help you succeed.
TERI Guaranteed Undergraduate Loan
Competitive interest rates
Convenient, no hassle process
Funding in as few as 5 business days from receipt of completed application
No application fees or other-out-of-pocket fees
Wachovia
Education Loan
Interest rate as low as
Prime minus 1%
No Fees
Make no payments while in
school
Funds can cover past-due
balances
The Zero-Fee Wachovia
Education Loan is a flexible private student loan designed to cover education
costs that are beyond the reach of most federal aid programs.
Education Finance Partners
Private Student Loans:
Cover all your education expenses - tuition, books, even a computer - with an
Education Finance Partners Private Student Loan.
Their
Private Student Loan offers:
Easy application and instant loan decision
Variable APR
as low as 7.01%
Fees as low as 0.00%
No loan limit
No payments while the student is in
school |
