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DETERMINING YOUR FINANCIAL NEED

The financial aid administrator will assist you in putting together a package for financial aid, that will come as close as possible to meet your need. A formula of the cost of attendance minus the expected family contribution will determine your financial need.

Your school’s financial aid office will work with you.

If you are a dependant and undergraduate student you can borrow annually up to $2,625.00 as a first year student enrolled for a full academic year

After you have completed your first year of study and you have a full year of study to go you will receive $3,500.00 with the remainder of your program including a full academic year

After completing 2 years of study the amount you can borrow for the Stafford loan will be $5,500.00

And the rest of your programs includes a full academic year

If you qualify for a PLUS loan then you can borrow annually $6,625 for a first year student meeting the above requirements

You can borrow up to $7,500.00 annually after completing the first year of study and the rest of your programs includes a full academic year

Up to $10,500.00 will be available to you after completing 2 years of study and you have a full academic year remaining.

We hope our pages on student loans have helped you.  Best of luck with your school financing and continued education.


NOTE: Below are a few of the lenders and resources that offer Alternative Student Loans and feature secure online applications:

  • Private college loans directory featuring top issuers for comparison as well as an Alternative student loan blog for helpful tuition tips
  • My Rich Uncle - was a private student loan lender but is no longer lending.
  • Private Student Loans @ Student Loans ScholarPoint - also private student loan consolidation information.
  • If you have additional questions or need help with student loans try googling "student loan help" or visit the U.S. department of Education's website located at Ed.gov.


 




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