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What is The amount of Direct Stafford Loans that a student may receive each year is based on his or her?
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What is the maximum amount of direct Stafford money a student can obtain?
31000
The maximum amount of direct stafford loan money a student can obtain is?
$31,000-APEX
What is the maximum amount of direct Stafford loan money a student can obtain?
$31,000
The amount of Direct Stafford Loans that you may borrow depends on?
The amount you receive depends on all of the following factors: your academic level, the length of your program of study, your status as a dependent or an independent student, and the receipt of other financial aid.
Stafford Loans?
Direct Stafford loans are low-interest loans that are available to students enrolled in accredited four-year colleges, community colleges, technical schools and trade schools. There are subsidized and unsubsidized Stafford loans. Subsidized Stafford loans require that the student demonstrate financial need. Unsubsidized loans are avail bale to any student. Applying for a Stafford loan can be done for free on the FAFSA website. The school itself will determine the monetary amount of the loan.
What happens to a student loan when the borrower student dies?
According to www.studentaid.ed.gov/students/attachments/siteresources/RepayingYourStudentLoansEnglish2003_04.pdf Death of the student cancels Perkins loans, FFEL/Direct Loans. Stafford and Plus are included. Not sure about private loans.
What all expenses can stafford loans be used for?
Stafford loans are fixed rate federal student loans that are guaranteed by the government. They can be used to pay for tuition, housing, books and more. Amount awarded is based on dependency status.
What is the least amount of money a student will receive when participating in work?
fed mini wage
What can you do if you can only qualify for a Stafford loan of 2600 dollars and that is not enough?
Well, that's twice the amount of Student Aid that I got. Consider getting a part time job.
What is the least amount of money a student will receive when participating in study work?
fed mini wage
Who notifies each student as to the Pell Grant amount he or she will receive and the disbursement date?
The college or University
Stafford Loan Application?
Stafford Loans are generally considered to be the most common form of college financial aid that aspiring students will receive from year to year. In the most simplistic terms, if an aspiring college student completes the FAFSA, the FAFSA actually acts as the Stafford Loan application, which means a student is virtually guaranteed to receive one of the two types of Stafford Loans. From year to year, the loan amount that will be available to students through the Stafford Loan is preset. For instance, in the years of 2009-2010, dependent students were allowed to borrow five thousand five hundred dollars if student was freshman, six thousand five hundred dollars if student was sophomore and both juniors and seniors were allowed to borrow seven thousand five hundred during those years. However, it should be noted that independent students are allowed to borrow more from year to year. For instance, in those same years, independent freshmen could borrow nearly ten thousand dollars, sophomores could borrow just over ten thousand and juniors and seniors could borrow over eleven thousand. For the Stafford Loan application, there are well defined questions to determine the dependency of a student so that proper loan amounts can be offered. This is especially so when a student goes through filling out their FAFSA documents. However, it should be noted that if you are older than twenty-three years of age, you will automatically be considered independent on your Stafford Loan application. When applying for one of these loans, whether through FAFSA filing or straight Stafford Loan filing, it is important to know that there are subsidized and unsubsidized Stafford Loans. Of course, the type of loan that will be given to a student will be decided by the Department of Education. Subsidized Stafford Loans will have no interest and no payments while a student is in college while unsubsidized loans will accumulate interest while the student is in school. The FAFSA application information that a student submits will be the deciding factor in what kind of loan they are offered. Subsidized and unsubsidized Stafford Loans differ in interest rates. As of July first, 2011, the interest rate for subsidized Stafford Loans was 3.4% and 4.5% the year before. For unsubsidized Stafford Loans, the interest rate is always 6.8%.
