Debunking the FAFSA Myth
With the plethora of big-business entities jockeying for the money of students on the path to becoming well-to-do responsible consumers with a house, car, and 1.5 children, it's often missed that the US Government is the first place to start when planning student finances.
Scholarships, traineeships, fellowships, loans: Uncle Sam is nothing if not prolific in the diversity of programs available. For most students, the acroynm FAFSA is their first encounter with the cold hard seriousness of bureaucratic forms, most commonly dealt with before the dreaded and stereotypically cryptic IRS forms such as the 1040.
The FAFSA (Free Application for Federal Student Aid) is a free form and free service provided by the Department of Education. If you do not fill it in you will not be eligible for federal (government-backed) student loans. However, you will still be eligible for private, or alternative student loans.
Almost every school sets its own deadline for when the different forms of financial aid are due. Some may be as early as the second week of January and some have no deadlines at all. It is strongly recommended to check with your own school's financial aid office to find out exactly when your deadlines may fall. In order to meet a "Transaction Receipt Date" deadline for your college, it is recommended to submit to us at least 2 weeks prior to the published deadline to insure submission.
There are a myriad of large, well-oiled companies that will gladly take your money and 'process' your FAFSA application on your behalf. The fees for this service typically range from $50 to $100. You could also go with a private accountant, however the 'personal touch' will of course usually cost you more.
Wait! Do you really want to start your experience with Government forms as one of resignation that no, you are really not bright or organized enough to be able to fill it in yourself? Learning to 'do it yourself' with the Government can be not only a satisfying but potentially educational experience that will teach you the skills that many self-made millionares taught themselves: relying on an accountant or anonymous firm does nothing except save you some time, and in fact with big-ticket money decisions who is to say that your 'assistants' are not putting their interests before yours?
Just as their are firms such as H&R Block that will open up retail outlets in your neighorhood every year at tax time, there are companies that specialize in FAFSA applications. Now, as with the majority of tax returns, the FAFSA is anything but rocket science. It is simply a matter of making sure you know all your variables and where to write it on the form. For companies who perform this work day in day out, your financial future is simply an algorithm which is input and output in moments. They typically spend more printing the paper for your documents and checks then they do in any actual 'labor'.
SO, consider tackling the FAFSA yourself. Just like learning to do your taxes on your own, a few hours spent researching how to do the forms ONCE will enable you to conquer them the next time, and you can even make money on the side on campus teaching others how to complete such forms.
Here is the Government's central page for the FAFSA. Everything you need to know is here and studying all the resources here WILL let you fill in this form without errors, and without giving your money away:
About The Author
Copyright 2004 HungryStudents.com
Refinance Car Loans - Refinancing Your Car Loan Online is Convenient
Refinancing your car loan online is now more convenient. Your online application can be approved within an hour with most online car loan lenders. In as little as a day, you can have a check in hand to pay off your old lender and start saving money.
Student Loans Are The Life Preserver Of The Education System
A loan is the reason many students are able to go to college and not have to worry about money until after they've graduated. There is a lot of paperwork involved in the application process of a loan, but once you've completed it and been accepted, it will have been worth it. Loans can help with the cost of books, tution and even living expenses or they can cover them completely. It all depends on your eligibility, which is determined in the application process of the loan.
Long Term Unsecured Loan?
In order to understand qualifications for loan approval, let's examine the types of loans; secured and unsecured, and the two types of re-payment plans: short term and long term. Secured loans have both short and long term repayment plans. These types of loans are secured by a form of collateral, such as the equity in a home or auto. Some lenders will also accept stocks and bonds as security against the loan. Because these types of loans are secured, the risk to lenders is minimized and allows borrowers to enjoy lower interest rates than unsecured loans. And; even if there are still payments due on an existing auto or home loan, it's possible to get a lower rate than the original loan terms, particularly if the borrower's credit had improved. Unsecured loans generally have only a short term repayment plan. The most common type of unsecured loan is a payday cash advance, or a signature (personal loan) from a bank. The payday cash advance is a much shorter term loan, most commonly to extend only until the recipient's following payday. A bank signature loan; however, generally has a one year repayment plan. Another main difference between these two types of loans is how the interest rate is calculated. A payday cash advance charges a fee instead of an interest rate, but Federal regulations require lenders to provide an "interest computation" so borrowers can compare rates amongst various loan products and lenders. When a payday cash advance fee is transformed to an interest rate, the sum is much higher than a bank signature loan, which is an actual percentage rate charged over the duration of the loan. But there's yet one more difference between these two loans which makes payday cash advances more accessible. Whereas a bank signature loan requires favorable credit, a payday cash advance does not, making this an attractive loan for bad credit people. Your credit rating, assets, and the eagerness of a lender to issue a loan, all determine which types of loans you are qualified for. If you have favorable credit, consult your local bank loan officer or; if you desire a business loan, your local SBA. If you have troubled credit, instead of seeking a long term unsecured loan, consider alternatives such as using your home or auto as collateral for a secured long term loan, or consider a payday cash advance for a short term unsecured loan.
Bad Credit Secured Personal Loans are Like Desserts-Last Course/Best Recourse for Impaired Credit
Plato said, 'We can easily forgive a child who is afraid of the dark. But real tragedy of life is when men are afraid of the light'.
What?s All the Hype about Omni Military Loans?
The average person some time in their adult lives will come across a time where they will need to take out a loan. However, if you're in the military you aren't just the average person. Omni military loans are specially designed for the ease and convenience of military personnel. This is not to say that your regular bank loan isn't going to cut it, but Omni military loans have the "home court advantage." Most of Omni's offices are conveniently located close to military establishments and also in Europe.
The term unsecured loan relates to a loan which is not secured on any physical asset or other legal entity.
Unsecured Loans: The Lesser Known Sibling Of Secured Loans
What is man's greatest invention?
Bad Credit Business Loans ? to Exchange Bad Credit for Monetary Benefaction
You want to raise a business on your own or you want to expand it further. You have a plan and the vigour to make your mark in this field. The company that produces refrigerators to the one that produces anti wrinkle cream; every company no matter how small it is ? requires money, hard core moolah to take it to great heights. You dream of the same every night. But isn't there a nightmare that invariably spoils your dream every time you plan your business. It is bad credit. So, how to end this chain of unpleasant circumstances? Bad credit business loans have furthered the cause of preventing financial mishaps for people who want to make it on their own.
First Time Buyer Mortgage ?Key to your First Home
Living in a rented apartment since long. Ever thought of the disadvantages of staying as a tenant. Besides losing your freedom to the whims and fancy of the landlord, your hard earned money is going down the drains. Of course, to nourish the landlord's finances; such that he is planning to buy a new home.
What is a Home Improvement Loan?
A UK Home Improvement Loan Can Give You The Home You Want.
Federal Housing Administration (FHA)
FHA loan programs:
What is a Secured Personal Loan?
A secured personal loan is the generic term for a loan. Essentially, a secured personal loan is one that is secured against your property.
Benefits of a Secured Loan
The secured loan is favoured by many UK residents seeking credit for a number of reasons:
A Personal Loan And Your Rights
You can use a personal loan for many different things including, but not limited to, paying off bills, taking a vacation, buying a car and much more. Interest rates on a personal loan will vary, depending on your credit rating and the institution you are choosing to get your personal loan from. It is highly recommended that you get multiple quotes and rates before making a final decision on your loan. This way you will know if you are getting the best deal possible.
A Guide to Finding Cheap Loans
Finding cheap loans isn't always easy? it seems like every time you turn around new rates and fees are added and the loan process becomes increasingly frustrating with each new change that's made.
No Income Verification Loans ? When Income Doesnt Show on Paychecks
Financial statements, salaries, income proof, documents, paycheck, W-2 forms, 1099's - there is an exhaustive list of some of the forms that you may require to provide for a loan. Income documentation is not always easy for someone who is self employed or retired or for any person who doesn't have a fixed source of income. You may have high income and assets. Undocumented income can get good gains in the context of tax deductions. However, it might frustrate a loan borrowing attempt because the loan borrowers usually require two to three years of employment proof even for self employed. A no income verification loan can counter this situation when you can't adhere to conventional loan demands.
The Basics of Finding a Loan for People with Bad Credit
If you've ever tried finding a loan for people with bad credit, you might think that it's impossible. Everywhere you turn, it seems as though there's nothing but rejection to be found.
What is a Title Loan?
A title loan is a loan of money secured by a certificate of title to a motor vehicle. The title loan lender keeps the certificate in case the loan is not paid.
Meeting the Balance of Agricultural Financing
Agriculture loan guarantees
Why Choose a Personal Secured Loan?
Listed below are some of the many reasons why choosing a personal secured loan makes good sense. Personal secured loans are also commonly known as a homeowner loan. This type of loan is essentially an amount that is secured against property as collateral.
|home | site map|