by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Feb 27, 2023 | Financial Aid
When a student is approved for a Federal student loan for the first time, they’re required to complete Student Loan Entrance Counseling (SLEC), an online course offered by the Office of Federal Student Aid (FSA), the agency within the U.S. Education Department (ED)...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Feb 21, 2023 | Financial Aid
Federal financial aid programs for college students include scholarships, grants, work-study programs, and loans. Among these only loans need to be repaid, making them the least attractive type of Federal aid. Nevertheless, more students participate in the loan...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Feb 10, 2023 | Colleges
Attending a college that receives major gifts from deep-pocketed benefactors and possesses a multi-billion dollar endowment has advantages. Among these is the possibility that some of that money will trickle down to students as financial aid. As preoccupied as seniors...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Feb 3, 2023 | Financial Aid
SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that conducts consumer lending services. It has changed dramatically since it was set up in the early...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 25, 2023 | Loan Forgiveness
If a former college student with an outstanding student loan balance becomes disabled, he or she may not need to repay the debt under the provisions of the Total and Permanent Discharge (TPD) program. To obtain debt forgiveness, the individual needs to apply...
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