Consolidating loans through sallie mae
Your financial aid office is best equipped to outline specific programs offered by your school.Single parents represent a substantial subset of the college student body, so this non-traditional student group is starting to get more attention from scholarship underwriters.Scholarships and grants are windfalls for college funding, because they do not require repayment.Performance and financial need are considered, and then eligible students are endowed with gifts that pay for tuition, books and housing.These three factors determine the size of your Perkins Loan: The maximum annual loan for undergraduate students is 00, with a lifetime loan maximum of ,000.Graduate students can borrow up to 00 each year, with a ,000 lifetime cap.Long-term and short-term institutional loans are used to pay for books, room and board, and other student expenses.
A single monthly payment replaces the need to pay each loan individually, and the repayment terms of the loan can be extended for up to 30 years.
Most students rely on a variety of funding sources to pay for college.
Personal savings and family contributions are one of the first places students turn, but often these resources don’t cover higher- education costs.
State-specific funding varies – some have none, while others have a great deal.
Your FAFSA places you in contention for some state loans, but other programs require separate enrollment.