Page 72 - Book8E

The person who makes a success of living is the one who see his goal steadily and aims for it unswerv- ingly. That is dedication.
—Cecil B. DeMille
62
Changes to the Federal Student Aid programs were made into law in 2006 that created two new grant programs, fixed instead of variable interest rates for Stafford and PLUS loans, increased Stafford loan limits, the expansion of PLUS loans to include graduate and profes- sional degree students, a military deferment option and a dependency status modification. Visit www.FederalStudentAid.ed.gov for complete information.
Whatever form your postsecondary school education takes—whether it’s a university, trade school or community college—you have to be thinking ahead about how you’re going to pay for it. You may qualify for more financial aid than you think. But you won’t know until you take the right steps to apply. Investing a little time now to find out what is available for you could
pay off in a brighter future.
Most student financial aid comes from
federal government programs, which the U.S. Department of Education’s Federal Student Aid office adminis- ters. Applying for federal student aid is FREE; that’s why the applica- tion is called the Free Application for Federal Student Aid (FAFSA). If you need help completing the FAFSA, that help is free, too. You don’t
have to pay anyone for assistance.
BEWARE of scams and services that will search for financial aid money for you for a fee. The College Scholarship Fraud Protection Act pro- tects you from this type of fraud.
What Is Federal Student Aid?
Federal Student Aid is financial assistance through the U.S. Department of Education that’s available to individuals enrolled in an eligible pro- gram as a regular student at a participating school. Federal Student Aid
Student Loans and the Cost of a Good Education