Define: What Is Financial Need?

Define: What is financial Need?

Define: What is a Grace Period?

Define: Deferment?

Define: Principal?

Define: Forbearance?

Define: Direct Loan?

Define: Associate Degree?

Define: Financial Aid Package?

Define: Academic Year?

Define: Independent Student?

Define: Dependent Student?

Define: Federal Family Education Loan FFEL Program?

Define: FFEL Program?

Define: Financial Aid Office?

Define: Disbursement?

Define: Room and Board?

Define: Loan Servicer

Visit studentaid.ed.gov/types/loans

What are the 11 fixed expenses and amounts?

What is the most surprising about the fixed expenses?

What are the 13 variable expenses& amounts?

Which variable expenses will not apply to you?

Go To: to find out the price of your college

What is the price for attendance, room and board?

FEDERAL GRANTS

Federal Pell Grants: Describe how to qualify

Federal Supplemental Educational Opportunity Grants: Describe how to qualify

Teacher Education Assistance for College and Higher Education Grants: Describe how to qualify

Iraq and Afghanistan Service Grants: Describe how to qualify

Click On Finding Out about Scholarships, what is a take away?

FEDERAL STUDENT LOANS

Direct Subsidized Loan:

Direct Unsubsidized Loans

Direct PLUS Loans

Direct Consolidation Loans

What’s the difference between Direct Subsidized Loans and Direct Unsubsidized Loans?

Am I eligible for a Direct Subsidized Loan or a Direct Unsubsidized Loan?

Is there a time limit on how long I can receive loans?

How do I apply for a loan?

How much can I borrow?

What are the current interest rates?

Other than interest, is there a charge for this loan?

What additional steps must I take to receive my loan?

How will I receive my loan?

Who will contact me after I receive my loan?

When do I have to pay back my loan?

What types of loan repayment plans are available?

What if I have trouble repaying my loan?

Can I cancel a loan if I decide that I don’t need it or if I need less than the amount offered?

Can my loan ever be forgiven or discharged?

Where can I find information about the student loans I’ve received?

Click on Who Gets Aid:

Identify big take aways (at least 5):

Who should use FAGSA4caster?

Click on How to Repay Loans:

When do I begin repaying my federal student loan?

What’s a grace period?

Can my grace period change?

How much will I need to pay?

How do I make my payments?

Can I pay more than my required monthly payment?

What should I do if I’m having trouble making my loan payment?

What happens if I don’t make my student loan payment?

Can I cancel my loan?

Go to myfedloan.org

Click on billing& Payment, click on Interest

What is an Interest Notice?

What are the benefits of paying interest?

When Interest Accrues….