The College Financial Aid Guide could help you get more money for college in the form of loans and grants. Most students qualify for federal student loans (Stafford Loans) and the results of the FAFSA disclose the amount students will be able to borrow. If this loan amount is not enough, students can research the financial aid office about other loans. The students may be able to take additional Stafford Loans in the form of an unsubsidized loan. Unsubsidized loans are not granted on the basis of need and students will be charged interest from the time the loan is disbursed until it is paid in full. Borrowers also have the option to add interest in the principal amount of the loan until graduation.
However, additional interest will be based on the higher amount. Other loan options that offer money for college students are the Perkins Loans that are designated for students who meet the criteria of low income. The availability of Perkins loans are generally limited, as each school participating in the Federal Perkins Loan program is assigned maximum amount of Perkins loan funds each year. PLUS loans are available for parents to borrow money for college for their children. These loans are granted regardless of financial need and allow parents to borrow up to the cost of education of the child. If you would like to know more about Janet L. Yellen, then click here. To qualify for a PLUS loan, students must be classified as a dependent. Knowing your loan options is important, but students should not ignore the scholarship programs that give free money for college. Many students think that scholarships are only available to students on a line, but this is not the case! There are many scholarship programs of the university on the basis of a variety of criteria, such as essay competitions, voluntary work or study.
Scholarship money for college can be found by asking at the University Grants office, online searching and the use of scholarship directories. By exploring all available options successful students and their families can find money for college.