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Applying for U.S. Federal Student Aid Programs

Published : 2011-10-28 - Updated : 2019-12-28
Author : Disabled World - Contact: www.disabled-world.com

Synopsis: Information on eligibility for U.S. student loans and grants including how and where to file your application. Federal student aid from the U.S. Department of Education is the largest source of aid in America, providing over $150 billion in grants, work-study, and federal loans for student Special Direct Consolidation Loans are intended to help borrowers manage their debt by ensuring all of their federal loans are serviced by the same entity, resulting in one bill and one payment (borrowers repay loans to a loan servicer).

Main Digest

Eligibility for U.S. Federal student aid is based on financial need and on several other factors. The financial aid administrator at the college or career school you plan to attend can assist you to determine your eligibility for student loans and grants. The following types of aid can help you pay for your education after high school.

Federal student aid from the U.S. Department of Education is the largest source of aid in America, providing over $150 billion in grants, work-study, and federal loans for students attending four-year colleges or universities, community colleges, and career schools. Types of federal student loans include:

The U.S. Department of Education FAFSA4caster can help you understand your options for paying for college by estimating your eligibility for federal student aid.

How to File an Application for Federal Student Aid (FAFSA)

Other Sources of Aid Include

Tips to Reduce Your Education Costs

Special Direct Consolidation Loans

Special Direct Consolidation Loans are intended to help borrowers manage their debt by ensuring all of their federal loans are serviced by the same entity, resulting in one bill and one payment (borrowers repay loans to a loan servicer). Borrowers will receive an interest rate reduction on Special Direct Consolidation Loans as a repayment incentive.

The U.S. Department of Education will offer Special Direct Consolidation Loans to eligible borrowers, from January 2012. This is a short-term consolidation opportunity, ending June 30, 2012, for borrowers with...

Further information is available at Student Aid on the Web - Special Direct Consolidation Loans

For repayment rates of student loans see the Student Loan Repayment Calculator.

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Cite Page: Journal: Disabled World. Language: English (U.S.). Author: Disabled World. Electronic Publication Date: 2011-10-28 - Revised: 2019-12-28. Title: Applying for U.S. Federal Student Aid Programs, Source: <a href=https://www.disabled-world.com/disability/education/student-loan-applications.php>Applying for U.S. Federal Student Aid Programs</a>. Retrieved 2021-06-23, from https://www.disabled-world.com/disability/education/student-loan-applications.php - Reference: DW#39-8584.