Posted by admin on February 28th, 2008
By now, college students across the country have had ample opportunity to enjoy their summer vacation, and their break from school soon will be drawing to a close. Now is the ideal time to consider more serious matters like how students will plan for their next year of education, according to NextStudent, a leading Phoenix-based education funding company.
Alternately, for many high school seniors, perhaps the joy of being accepted at their college of choice has faded, only to be replaced by confusion on how best to proceed with funding for their first year of school. It is time for students to dig out the award letters they may have received months ago and begin preparing to finance their fall semester.
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Posted by admin on February 28th, 2008
Since some colleges start posting available work-study positions as early as the summer, students looking to get their first choice of campus jobs in the fall may want to get a head start by already having their résumé and cover letter written and polished. The Federal Work-Study Program provides part-time jobs for both undergraduate and graduate students with qualifying financial need and encourages students to participate in community service and try out employment opportunities related to their course of study. Work-study jobs are required to pay at least the current federal minimum wage but might pay more, depending on the type of work the student does and the skills required.
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Posted by admin on February 28th, 2008
In today’s competitive job market, recent college graduates may find that paying off their student loan debt may be more difficult than they had originally anticipated. Some students may find themselves living paycheck to paycheck, sometimes for years, just to get their foot in the door of their chosen careers. That’s why recent graduates with multiple federal student loan payments may want to consider combining them into one easy payment with a Federal Consolidation Loan, according to NextStudent, a leading Phoenix-based education funding company.
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Posted by admin on February 28th, 2008
At this time of year, parents and students alike are usually finalizing their budgets and financial plans for the upcoming school year. As parents and students review financial aid award packages, they may be finding that even after taking into account grants, scholarships, work-study, and state and federal student loans, there are still some educational expenses left to cover. For those remaining educational expenses, a private student loan might be the answer, according to NextStudent, a leading Phoenix-based education company.
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Posted by admin on February 28th, 2008
With the school year about to begin, parents reviewing their college-aged children’s financial aid award letters may find they’re having trouble meeting their expected family contribution. For situations like these, when parents need some help meeting their undergraduate’s educational expenses, a PLUS loan could provide the financing they need, says NextStudent, a leading Phoenix-based education funding company.
What Is a PLUS Loan?
A PLUS loan (Parent Loan for Undergraduate Students) is a federal education loan that can help creditworthy parents meet their undergraduate child’s educational expenses. PLUS loans are non–need-based, so as long as parents and children meet the eligibility requirements, parents can qualify for PLUS assistance, regardless of their income or assets.
Either parent may apply for a PLUS loan from NextStudent, and upon approval, parents may borrow up to the annual PLUS limit, which is the cost of attendance less any other financial aid (such as scholarships, grants, Stafford student loans, work-study) their child has received. Read the rest of this entry »
Posted by admin on February 28th, 2008
As the fall semester gets underway, graduate students may be struggling with meeting their tuition bills, program fees and other education-related expenses. Even after grants and Stafford loans, some graduate and professional students may still be left with educational expenses to cover. For those students who need some help meeting the costs of their graduate or professional degree program, Federal Grad PLUS Loans from NextStudent, a leading Phoenix-based education funding company, could provide the financing they need.
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Posted by admin on February 28th, 2008
Whether they still have time before their school’s fall financial aid deadline or they’re looking ahead to their tuition bills for the spring semester coming up, undergraduates searching for ways to meet their college expenses themselves could find some of the financing help they need with Federal Stafford Loans from NextStudent, a leading Phoenix-based education funding company.
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Posted by admin on February 28th, 2008
What Is a Stafford Loan?Stafford loans are low-interest, federally guaranteed student loans available to both graduate and undergraduate students for tuition, program fees and other education-related expenses. Stafford loans can be either need-based or non–need-based.
The standard repayment period for a Federal Stafford Loan is 10 years (although borrowers can extend their repayment term by consolidating their Stafford loans). Stafford borrowers can choose from different repayment plans—extended, graduated, income-sensitive—that can help make monthly payments more affordable once repayment begins. Read the rest of this entry »
Posted by admin on February 28th, 2008
Whether you’re a recent graduate with grace periods about to end, or a new student or parent of a new student just taking out your first student loan, you may have questions about repayment—what your options are, how long you have to repay, what happens if you have trouble making your payments.
To help answer your questions and make sure you know about all the repayment plans and alternatives available to you on your federal student loans, NextStudent, a leading Phoenix-based education funding company, offers this quick guide to repayment terms and options for federal student loans.
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Posted by admin on February 28th, 2008
Here at NextStudent, we know that the world of student loans and college financing can be overwhelming and confusing, especially when all the financial aid literature throws around terms like “consolidation” and “subsidized,” and alphabet soups like FWS, EFC, PLUS and FAFSA. We always want our customers to feel comfortable with their education financing decisions, and we believe you should be informed about all your financial aid options. So to help you decipher your financial aid award letters and understand your school financing options, NextStudent, a leading Phoenix-based education funding company, offers this quick guide to the different types of financial aid.
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