Home | Ask Your Question | Mortgage Glossary
Find me a lender for:  
Financial Aid for Online Education By Jeff Lakie

You've made the decision to pursue your degree online and you've been accepted to an online program. Now what do you do? The next step in realizing your dream is to secure the funds needed for your education.

If you haven't already done so, now is the time to complete your Free Application for Federal Student Aid, or FASFA, for short. This is a straightforward application published by the Department of Education, which gives lenders an idea of what sort of funding you are entitled to. The application process is fairly simple and can be completed online in minutes. Once you've filled in the necessary information, you should receive, within a matter of a few days, a confirmation letter, of which programs you are eligible for. This process is free and simple to do, and it is the cornerstone of securing financial aid for your college program.

Once you have this information, you need to contact the Financial Aid office at the college that you want to attend. There are many types of financial aid packages available, ranging from work study programs to government aid. The financial aid officer will be able to provide the necessary forms for the different lending institutions and should be able to guide you through the decision making process.

After you have completed your loan applications, they will need to be sent to the school for verification and processing. Many banks will not release the funds directly to the student, only to the college at the start of the term. This makes it easier- and safer- for both the college and the student.

Securing funds for college is a fairly easy process that needn't be stressful. The key to the whole process is being well organized and making sure that you meet all of the loan deadlines specified by both the Department of Education and your college's financial aid office.


Jeff Lakie is the founder of Easy Distance Learning a website providing information on learning online.




See Also:

Free Credit Reports: From The 3 Major Credit Bureau's!
Get your credit report online for FREE. Many financial advisors suggest that you periodically review your credit report for inaccuracies or omissions.This could be especially important if you're considering making a major purchase, such as buying a home. Checking in advance on the accuracy of ... more...

Asset Searching for Recovery Actions - The Decision Maker's Tool Part 2
In Part One of this article we took a look at some minimum recommendations for asset searches as a recovery medium. This discussion is based on the assumption that an asset search has already been determined to be sanctionable by, for example, a loan in default, a judgment that has been rendered, a ... more...

Clean Credit Report: Easily Raise Your Credit Score 100 points
Clean Credit Reports, your credit report contains information about where you work, live and how you pay your bills (On time or not). It also may show whether you've been sued, arrested or have filed for bankruptcy with in the last 10 years. Companies called consumer reporting agencies (cra) or ... more...

How to Understand Credit Report
Now that you have obtained your credit report, the first thing you need to do is read through it and understand what it all means. Don't feel bad if you don't understand what the credit report is saying to you. Most credit reports are coded because it allows shorter time for the computer to ... more...


More on information...

Search More Info On:

  • Information
  • Loan Application
  • Lending Institutions
  • Loan Term
  • Contact Info
  • 1003 Loan Application
  •  

    Shop For Your Mortgage Now!
    Shop For Your Mortgage Now!

    You'll be re-directed to Top-Lenders.com

    Want to Know Your Rate?
    Get Customized Mortgage Quote Instantly

     
    ExplainingMortgages © 2005 - 2009