Stafford Loans, A Brief Introduction

Stafford Loans, A Brief Introduction

image source

In 1965 the US Congress set up the Federal Family Education Student loan Program (FFELP) to give financial aid to individuals. One area of this loans program is Stafford student loans which were first planned in order to help students in real financial need though currently represent in excess of 90% of all Federal education loans.

Over time Stafford student student loans have been refined along with altering scenarios and today there are two kinds of the financial loan – subsidized and unsubsidized.

For sponsored loans the U.S government will accept accountability for repaying any sort of interest which accrues on a loan via the particular date of supply up until the day that the student has to start repaying the financial loan. In general a student doesn’t have to provide payments on condition that they stays enrolled in a course of study that is regarded as a ‘half-time’ or more program as well as for a period of six months following the end of their course. A student can still begin to make payments sooner if he / she wants to do this.

Since interest will be subsidized, student loans are typically exclusively provided in cases of need and administrators will examine both a pupil’s and the family’s net income when deciding on whether or not the pupil is approved to get a subsidized Stafford education student loan. Students are required to submit the Free Application for Federal Student Aid form that includes specifics of net income and every student will then be designated a number referred to as Expected Household Contribution (EFC) worked out using the stated income.

Around two-thirds of all subsidized Stafford loans are granted to college students along with parents getting an Adjusted Gross Income of lower than $50,000 per year. An added … READ MORE ...

Continue Reading →

Secrets For Obtaining an Online Nursing Degree

Secrets For Obtaining an Online Nursing Degree

image source

The nursing profession in the United States has for some years now been witnessing scarcity of staff. The retirement of nurses who have come of age is affecting the provision of adequate care for the aged.

Ironically there is an advantage in this serious situation for student nurses. In the past 15 years the basic remuneration for professional nurses has constantly been on the increase without any sign of slacking. So if you do an online nursing program and qualify you are sure of an above average pay in the United States.

In view of the above, the easiest means to commence a vocation in the nursing career is to register for an online nursing degree program which will enable you to schedule your course time-table to suit your convenience for the study of your course. You can complete your program at your own convenience or at the stipulated course duration.

Many distance learning institutions offer online nursing degree programs. The University of Phoenix and Walden University are notable for demanding an entry-level degree qualification, while if you are a registered nurse with an associate’s degree you may be offered a bachelors degree program.

However, if you decide to enroll for an online nursing degree program, make sure that the University of your Choice is accredited and that it has good track record, because many universities make false claims of offering quality online degree programs. I say this because most students just jump on the first seemingly good online institution they come across. Don’t be like that.

Tuition Fees:

Financing of online education can still be difficult for most students. However, note that you can get financial assistance from the government or some private loan firms online. Ask questions from the school authorities, majority of the recognized online … READ MORE ...

Continue Reading →