Learning Library Quick Answers Financial Aid Planning

Is there a limit on how much I can borrow when paying for college?


Answer: No. You can borrow up to the full cost of education minus any othet form of financial aid received by the student.....

Is there a minimum grade point average to qualify for Stafford loans?


Answer: Each school has it own policy. Please refer to page 8 of the SFA Student Eligibility under Satisfactory Academic Progess.....

Is there a penalty for paying the PLUS loan off early?


Answer: No, there is no penalty for early pay off. ....

Is there still a chance for financial aid if I decide to attend college late in the school year?


Scenario: I decided really late in the school yearthat I wanted to go to college this fall. Is there any chance that I can still g....

Is transferring assets into a foundation sheltered from the financial need based calculations on the FAFSA or Profile?


Answer: If it is a trust where the student or parent is the beneficiary then it would still have to be listed on the FAFSA and Pro....