FAP912: National sales tax, student loan consequences, Rich Palmer
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Weekly Financial Aid Roundup
Last Friday, the credit card bill was signed into law by President Obama. Farewell, student credit cards as we know them.
California’s kind of imploding, budgetarily-speaking.
Consequences of CCRAA and anti-FFEL legislation surfacing now.
Figuring out that you can’t spend what you don’t have, Congress [...]

Did you know you are not required to complete your IRS federal tax return before filing your FAFSA? It is a common misnomer that it is required when it is simply encouraged.
Having your federal tax return complete will save you a LOT of time when completing your FAFSA. The reason being is that a number [...]

By definition a preferred lender list is a list of lenders that a college suggests its students consider when taking out federally guaranteed loans. Students who receive a “preferred lender” list from a school should remember that those lists are not legally binding. Borrowers can choose from any federally approved lender and may often find [...]

The LULAC Parent/Child Scholarship program seeks to ensure the educational success of two generations by providing support, encouragement, assistance and incentives for participants to complete their educational objective at an ACCD college. By completing their educational objective, the participant ensures a full scholarship for their child. Due to the remarkable success of the program, for 2008 the number of scholarships awarded will be increased from 25 to 31. One of these scholarships will be the Lisa Flores Memorial Scholarship.

REQUIREMENTS:
Successful applicants for this program will meet the following requirements:

*

Be the parent of only one child, age six or younger.
*

Enroll in Fall 2009 at an Alamo Community College (ACCD)
Norteast Lakeview College, Northwest Vista College, Palo Alto College,
San Antonio College or St. Phillip’s College.
*

Be willing to commit to complete an Educational goal at an ACCD college.
*

Have no more than 30 college level earned hours.
*

Have a cumulative 2.500 GPA or higher.
*

Have completed a parenting program in high school or at least four clock hours of parenting at a community site and provide documentation.
*

Have completed and submitted a Free Application for Federal Student Aid
(FAFSA) form.
*

Be available for an interview.

BENEFITS: Upon selection for program, your child will have a scholarship endowment established in his/her name. This award entitles your child to a full scholarship to attend any of the colleges of the Alamo Community College District upon his/her graduation from high school.

Yes, you need to complete a new FAFSA each year.
New financial information must be captured, whether good or bad, which aids in determining your eligibility. Thankfully you don’t need to complete the entire form from scratch again. You can “update” your FAFSA from year to year with the pertinent details. Happy filing!

Are you passive by nature or even a self described social leper? Do you feel more comfortable behind a computer screen than behind a podium or microphone? If that’s the case there’s certainly no shame in that. But when it comes to visiting a college campus you’ll want to tap into your inner loquacious self [...]

The San Fransisco Chapter of the Construction Specifications Institute is offering two scholarships � 1 @ $3,000 and 1 @ $2,000 to any CAED sophmore or above with a 2.75 GPA or above.

The application requires:

* Application Form
* Transcript
* 500 Word Essay
* Two (2) Reference Letters
* Possible Interview

A prepayment, as most of you know, is an amount in excess of the amount due on the loan. And like all other federal student loan payments, a prepayment will first be applied to any outstanding fees and charges, next to outstanding interest, and then finally to the principle balance of the loan(s).
There is NEVER [...]

This article from the New York Times is worth a read. For information on how to get in to specific colleges please visit Howtogetin.com:

Colleges Offer New Web Calculators That Can Help Estimate the Bottom Line
By Niko Koppel

To make it easier for prospective students to figure out how much it will cost them to go to [...]

It’s always pretty depressing when you look at your monthly statement and see how much of your loan goes straight to the interest. And since I know some of you have been wondering how this works exactly, I figured I’d give you the quick overview on how your money is applied to your outstanding loan.
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