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e. Student financial aid in the United States is funding that is available exclusively to students attending a post-secondary educational institution in the United States. This funding is used to assist in covering the many costs incurred in the pursuit of post-secondary education. Financial aid is available from federal and state governments ...
The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [ 1]
To qualify for a student loan, complete the FAFSA to check for federal loan eligibility. Federal loans require U.S. citizenship or eligible noncitizen status, a valid Social Security number ...
Direct Subsidized Loan. $3,500 to $5,500 per year, depending on year in school. Undergraduate students with financial need. Direct Unsubsidized Loan. $5,500 to $20,500 per year, depending on year ...
In the post-secondary education system of the United States, an expected family contribution ( EFC) is an estimate of a student's, and for a dependent student, their parent (s)' or guardian (s)', ability to pay the costs of a year of post-secondary education. The EFC is used in the United States student financial aid process to determine an ...
The cost of one year at an in-state, four-year college keeps rising each year — surpassing $20,000 during the 2016-2017 school year.
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