The Federal Supplementary Education Opportunity Grant is another federal educational grant that is provided by the Department of Education. It is given out each year to students who exhibit the absolute highest levels of financial need, and students who wish to be considered must complete the FAFSA. Here are some quick points about the FSEOG [...]
The Academic Competitiveness Grant, or ACG, is another federal education grant that is made possible by the Department of Education. It has only been in existence since 2006-07, and was created to help promote the taking of certain types of challenging majors and degree programs. The following items contain the important facts about the ACG [...]
The TEACH Grant, which is short for the Teacher Education Assistance for College and Higher Education Grant Program, is a federal educational grant that is provided by the Department of Education. The grant is focused on providing aid to students who are willing to serve as teachers to elementary or secondary school students that come [...]
The National SMART Grant, short for the National Science and Mathematics Access to Retain Talents Grant, is another federal education grant that is made possible by the Department of Education. It is geared towards providing students who have excelled in certain math, science, and technology curriculums with aid during their third and fourth years of [...]
in Federal Aid, News,
by Jeff Bullock
The Student Aid and Fiscal Responsibility Act, or SAFRA, was signed into law by President Obama on March 30, 2010, and has greatly impacted the financial aid landscape. The most significant change that has resulted from SAFRA has been the elimination of the FFELP government assistance program, which allowed federal student loans to be provided [...]
Students often ask me about direct student loans, and what they are exactly. Direct student loans are federal education loans that are provided by the Department of Education, and are not to be confused with uncertified student loans, which are often characterized as direct-to-consumer loans. With the inception of the Student Aid and Fiscal Responsibility [...]
FFELP Student Loans are education loans that were provided via the Federal Family Education Loan Program that recently came to a close with the enactment of the Student Aid and Fiscal Responsibility Act, or SAFRA. The FFEL Program had been in existence since 1965, and had been a favorite of colleges, and other postsecondary institutions [...]
Most students that I speak with only think of PLUS Loans as parent student loans that can only be utilized if one, or both of their parents agrees to take out a student loan on their behalf. While this is true for the conventional type of PLUS Loans, there are Graduate PLUS Student Loans that [...]
The Federal Perkins Loan Program is a government initiative that is geared towards providing federal education loans to students that demonstrate a very high financial need. Most of the loans that are provided as a result of this program are more commonly referred to as Perkins Loans, and they are much more difficult to get [...]
Federal student loans include education loans that are provided via the Direct Loan Program by the Department of Education. The Federal Family Education Loan Program, or FFELP, has officially been discontinued by the federal government, and now all federal student loans will be funded “directly” by the Department of Education, without the need of any [...]