Learning Library Quick Answers Financial Aid Planning

Do colleges establish partnerships with lenders that offer student and parent discounts on loans?


Answers: No, under the Direct lending program, there are no discounts on Federal laons.....

Do I have to be accepted at a college before I can apply for aid?


Answer: Absolutely not. You can apply anytime after January 1 of the year for which you request aid. If you submit your financial ....

Do I have to pay income tax on my student aid award?


Answer: The Tax Reform Act of 1986 included some new provisions related to the taxation of scholarships and fellowships. Under the....

Do I have to reapply for financial aid every year?


Answer: Each year you must fill out a renewal FAFSA. Unless your financial situation has changed significantly over the year, the ....

Do I have to take out a PLUS loan?


Answer: No. You are not required to take out a PLUS loan.....