Archive for the 'Money for College' Category

How can I receive financial aid if I’m in default on a student loan?

Thursday, December 14th, 2006

If you are in default, you have to clear up your record by making six consecutive payments – or by paying off your entire balance. Work with your lender/servicer – whoever has your loan – to make arrangements with them to clear up your record so that you can be re-instated and become eligible for [...]

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I have recently heard that you can get a loan forgiveness in special cases, and would like to know more about this.

Thursday, December 14th, 2006

Information on loan forgivenesss is available on the Mapping Your Future website (www.mapping-your-future.org).

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Is there a limit on the amount of PLUS loan that can be taken out?

Thursday, December 14th, 2006

The limit of the PLUS Loan is the Cost of Attendance minus any financial aid received.

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What is the PLUS loan and how do I get info on it?

Thursday, December 14th, 2006

The Plus Loan is a loan that a parent of a dependent student takes out for their child’s education. For more information you can contact the financial aid office at any school or RIHEAA.

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