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Education                                                     College Loans

The US Department of Education has much information for Students, Parents, Teachers, and Administrators.   To access their site go to http://www.ed.gov/index.jhtml

                              

Preparing

Preparing

Find out what you need to do to prepare for education beyond high school.

Education beyond high school can give you choices that may not otherwise be possible, open doors to better paying positions, and give you the opportunity to do the things you enjoy most. By advancing your education, you can expand your possibilities and increase your career choices.

Financial assistance programs and requirements often vary from school to school. Always check with your school before applying for financial aid.

Students
Assess Yourself

The first step to finding the right program and type of school for you is to evaluate your interests. This self-assessment will help you examine your interests and goals, and offers some ideas about fields of study and careers that might be right for you.

For more information about which career fields are growing fast, how to get the training you need for the job you want, and where to look for a job, visit Career Voyages.

Planner Timeline

Find out what you should be doing each year of high school to start preparing for college.

Student Planner

Use this tool to enter your high school courses and standardized test scores and determine whether you meet the minimum requirements of the schools of your choice. Please be patient if we don’t currently have the academic requirements of your college choice; we are adding more as we receive them.

Take the Tests
Once you have assessed your interests and determined what type of program you want to enroll in, you may be required to take one or more standardized tests. Here you will find more information about common standardized tests and what you need to do to prepare for them.
Kids and Parents
Start Early
Because it's never too early to start planning for what you'll do after high school, we've developed a resource for elementary and middle school students called "Think College Early." It's a great way to learn about your post-high school options.
Parents
Preparing for your child's higher education is a long-term commitment. Find out here about higher education savings plans and what you can do to help your child get ready for life beyond high school. Parents can also find relevant information in "Think College Early".
College Savings Calculator
Assess Yourself
The first step to finding the right program and type of school is to evaluate your interests, if you haven't already. This self-assessment will help you examine your interests and goals and offers some ideas about fields of study and careers that might be right for you.
Things to Consider
There are hundreds of things to consider while you are making decisions about what to do after high school. Here are a few points to take into account before you commit to a school.
Understanding the Costs
Most people believe that school is much more expensive than it really is. Although some are expensive, there is most likely a school near you that is within financial reach.
Types of Schools
Once you have an idea of what your interests are, it's time to figure out what kinds of schools offer programs that match those interests. Whether you are considering 2-year, 4-year, vocational, or private career schools, make sure that the school is accredited and participates in the Federal Student Aid programs. If you are not sure, contact the school to find out.
College Selection
Find the colleges right for you. Select criteria to match campuses from across the U.S. to your needs or if you already know the name of your college of choice, search by the name of the college.
Campus Tours

Explore the campuses by browsing through the detailed profiles and key information of each college.

Participation
To see if the schools you are interested in participate in the Federal Student Aid programs, search for schools that are Title IV participating.
Distance Learning
Lots of schools are experimenting with distance learning--whereby students access lectures or course materials via the Internet or through other electronic media rather than in person. Whether a distance learning course or degree is right for you is a matter of personal preference. You should note that not every distance learning course or degree is accredited and/or eligible for federal student aid. To find out whether you can receive federal student aid for your program, check with your school's financial aid professional. For more information about distance learning, click here.

Use this handy calculator to determine how much you could or should be saving to meet college expenses, and how to maximize your savings efforts.

Choosing

Get advice on how to find the right school for you.

You've taken all the tests and made the grades, and now it's the moment of truth—deciding where to go to school! With so many schools to choose from, it could take forever to find the perfect one for you.

Financial assistance programs and requirements often vary from school to school. Always check with your school before applying for financial aid.

Applying for Admission

Here, we’ll discuss learning how to navigate the school application process. For information on applying for federal student aid, click on the “Funding” tab.

Non-federal financial assistance programs and requirements often vary from school to school. Always check with your school before applying for financial aid.

Applying to schools means more than just filling out forms. You need to understand each school's requirements, gather information, meet deadlines, and pay any necessary fees for each submitted application.
In this section, you'll get a look at the school application process. It may seem a little overwhelming, but once you have a clear picture of everything that's involved, you can determine what needs to be done. Getting organized will help eliminate a lot of stress. If you have not already done so, go into MyFSA now and set up your own personal student account, so you can plan for college, apply online, track your favorite schools, and much more.
Timeline for Seniors
Not sure when you should start submitting your applications? Do you know when the FAFSA is due? Refer to our timeline and stay on top of those deadlines.
Applying to Schools Early
If you know the school you want to attend, and even if you don't, you may have the option of applying early and getting a response in the fall rather than the spring. Be careful, because early applications are not always first-come, first-admitted. There are no "sure things," so take the time to fill out your applications. 
Make a "To Do" List
Taking the tests, filling out applications, filing for financial aid... there are so many things to do when you're thinking about higher education. Here are some of the things you need to do to make your journey to college a smooth one.

Funding

We can help make your education affordable!

The Department's Federal Student Aid (FSA) programs are the largest source of student aid in America. If you're interested in financial aid for college or a career school, you've come to the right place. These programs provide more than $60 billion a year in grants, loans, and work-study assistance. Read on to find out more and to find out how to apply for this aid.

U.S. Department of Education student aid is the largest but not the only source! You can find out here about other sources of federal aid and about scholarships. Nonfederal financial assistance programs and requirements often vary from school to school, so check with the schools you're interested in for information about state and institutional aid.

Student Aid Eligibility
Find out what determines eligibility for FSA programs.
Get a PIN
If this is your first time filling out the Free Application for Federal Student Aid (FAFSA), and you haven't applied for a PIN (Personal Identification Number), you should do so now. Your PIN is what allows you to complete the FAFSA paper-free! You'll need your PIN to make online corrections to your FAFSA, including changing your name and address, or adding/changing the name of a school to receive your application data. The PIN is also your identifier to let you access personal information in various U.S. Department of Education systems. For more information about the PIN, check out the "Applying" section of The Student Guide.
Apply for Aid—Free!
To apply for aid from our programs, you'll need to complete the Free Application for Federal Student Aid (FAFSA). You can complete this free form online, without having to hassle with paperwork. Filing online is faster than using the paper version—you'll usually get your results in just a few days, especially if you have a PIN (see above). Plus, you can get free help to complete your FAFSA; that help includes “chatting” live online if you need personal assistance. Remember, all the help the Department provides is free; you don't have to pay us—or anyone else—for assistance.
Transfer your MyFSA profile to FAFSA on the Web
If you've already created a MyFSA account, click here to automatically transfer much of your MyFSA profile to FAFSA on the Web so you won't have to repeat this information when you apply. If you haven't created a MyFSA profle yet, we encourage you to click on the MyFSA icon in the left margin of this Web site. With MyFSA, you can create a personalized “folder” to record your career and college searches, track your progress in the college planning and application process, and much more!
Student Aid Report (SAR)
Have you already filled out the FAFSA and received your Student Aid Report (SAR)? The SAR contains the information you reported on your FAFSA. Here's a description of the SAR and how it's used. Your SAR must be complete and correct before you can receive federal student aid.
Federal Student Aid Programs
If you're eligible, the Federal Student Aid office has a variety of programs to help you pay for your college education after high school. Find out more about Pell Grants, campus-based aid, Stafford Loans, and PLUS Loans (parent loans) here.  For information on Consolidation Loans, click on the "Repaying" tab and go to "Loan Consolidation."
Borrowing Responsibly
If you decide to take out a federal student loan to help pay for school, you're taking on certain serious obligations. Find out what they are and how to maintain your account in good standing.
Understanding Federal Financial Aid
Our booklets Funding Your Education and The Student Guide will answer any questions you might still have. Funding Your Education gives an overview of federal student aid and is designed primarily for students below 12th grade. The Student Guide is a comprehensive source of information about the Department's federal student aid programs and includes more detailed information on the application process and student loans, for example. Whatever your questions, you'll find the aid information you need in these publications.
Other Sources of Federal Student Aid
We encourage you to explore other federal Web sites to find out about additional aid sources. For example, veterans and their dependents, students training in various medical fields, and persons interested in earning funds in exchange for community service may link to other federal agencies for program descriptions and qualifications.
State Aid
Even if you're not eligible for federal aid, you might be eligible for financial assistance from your state. Contact your state higher education agency for more information.
Finding Scholarships
FSA programs don't include scholarships, but they are available throughout your college education. You can find out about them and other nonfederal sources of aid in several ways, including contacting the financial aid offices at the schools you plan to attend and checking information in a public library or online. But be careful. Make sure scholarship information and offers you receive are legitimate. Don't get scammed: You don't have to pay to find scholarships. Check out our information on nonfederal sources of aid and how to avoid scholarship fraud.
Sample Award Package
Most schools will prepare an "award letter" that will inform you of the types and amount of student aid you will receive at that school. Once you've selected the types of aid you want to receive, that selection is referred to as an "award package."
Financial Aid Wizard
Explore your financial aid needs and options with a step-by-step process for calculating your cost of attendance and expected family contribution, and discovering potential scholarships and loans available to you.
Tax Break
Find out how the Hope and Lifetime Learning Tax Credits can help with education costs by reading IRS Publication 970, "Tax Benefits for Education."
Saving Money for College
Paying for college is easier when you can invest money in a Coverdell Education Savings Account (formerly an Education IRA) that will accumulate interest tax free, and when you can withdraw money from this account without penalty. Also, it's possible to put money into a state- or institution-sponsored prepaid tuition plan and not pay taxes on it until you withdraw the money.
Reducing College Costs
The typical cost of attendance includes not just tuition, but room and board, fees for special programs or activities, books, personal items, and traveling to and from college. Here are 34 tips for reducing your college costs.

Attending

Get the facts on financial aid, how to maintain it, and what to do when school's over...

If you are enrolled as a full-time or part-time student and need to find out more about your educational loans, you'll find all the information you need right here.

Financial assistance programs and requirements often vary from school to school. Always check with your school before applying for financial aid.

Find a Career
Planning can go a long way in helping you in your search for a career. By using the right tools you can minimize the time you spend searching for a career. From job search advice to resume tips, we have the tools you need to help you maximize your potential.
New Financial Aid Recipients
Has your financial situation changed since you entered school and you now need financial assistance? No problem. The aid application process is the same for new and current students.
Loan Entrance Counseling
Once you've taken out a loan and entered school, you must go through loan entrance counseling and learn about the terms and conditions of your loans.
Reapply
Did you know you must reapply each year for federal student aid? Fortunately, it's now easy to annually renew your Free Application for Federal Student Aid (FAFSA) online, without having to deal with the hassle of paperwork.
Maintaining Eligibility
While you are in school, there are certain requirements that you must meet in order to keep your account in good standing and remain eligible for financial aid.
Leaving School Early
Have you decided to take time off for personal reasons? Are you going to drop below half-time student status? If you are planning on leaving school early, regardless of whether or when you are planning to return, you may have to start repaying your loans.
School Closures
If you are enrolled and your school closes, and you can't complete your program because of the closure, any U.S. Department of Education loan obtained to pay your cost of attendance at that school can be discharged. For more information on loan discharge due to school closure, click here.
Attention College Seniors
The classes may be over, but loan payments are just beginning. Luckily, there's help for those of you about to enter into repayment.
Get Your Loan Info
The NSLDS Financial Aid Review service allows you to access information on loan and/or grant amounts, outstanding balances, loan status, and disbursements.

Repaying

What you need to know about repaying student loans...

 

After you graduate, leave school, or drop below half-time enrollment, you have a period of time before you have to begin repayment. This “grace period” will be

  • six months for a Federal (FFEL) or Direct Stafford Loan.

  • nine months for Federal Perkins Loans

(If you’re a parent reading this and you have a FFEL or Direct PLUS Loan, you don’t have a grace period—repayment generally must begin within 60 days after the loan is fully disbursed.)

Exit Counseling
You’ll receive information about repayment, and your loan provider will notify you of the date loan repayment begins. We can’t emphasize enough the importance of making your full loan payment on time either monthly (which is usually when you’ll pay) or according to your repayment schedule. If you don’t, you could end up in default, which has serious consequences (scroll down to the Default discussion below). Student loans are real loans—just as real as car loans or mortgages. You have to pay back your student loans. Find out about your obligations in this section so you can stay on top of your loans.
Get Your Loan Information
The U.S. Department of Education’s National Student Loan Data System (NSLDS) allows you to access information on loan and/or federal grant amounts, your loan status (including outstanding balances), and disbursements made. Go to www.nslds.ed.gov.
Paying Back Your Loan

You have a choice of repayment plans if you received a FFEL or a Direct Loan. Federal Perkins Loans don't have repayment plan choices; you generally have up to 10 years to repay, however. Your monthly payment will depend on the size of your debt and the length of your repayment period. Repaying Your Student Loans explains available repayment options, includes examples of monthly payments for different loan amounts, and covers other topics you need to consider when managing your loans.

Note to parents: Generally, Direct PLUS Loan borrowers can choose all but the Income Contingent Repayment Plan. FFEL PLUS Loan borrowers usually can choose from among all the FFEL repayment plans. See Repaying Your Student Loans  and contact your loan holder for details.

Federal Family Education Loans (FFEL) and Federal Perkins Loans
After you've looked at Repaying Your Student Loans, if you have specific questions about repaying these types of loans, please contact your loan provider. (In the case of Perkins Loans, this will be the school that made you the loan). Don't know who your loan provider is? Go to www.nslds.ed.gov to find out. 
Direct Loan Servicing Online
If you have questions about your Direct Loan, you can go online to find the answers. With your PIN, you can view your detailed account information, complete exit counseling, make an online payment, enroll in any of our electronic services, and much more. 
Pay Online
In some cases, you might be able to reduce your interest rate if you sign up for electronic debiting. Find out more about electronic payment and debiting here. 
Difficulty Repaying
If you don’t repay your student loans on time or according to the terms of your promissory note, you might go into default, which will affect your credit rating. There is assistance for borrowers having difficulty repaying their education loans, including deferment and forbearance.
Loan Discharge (Cancellation)
In certain circumstances, your loan can be discharged/canceled. Read about cancellation provisions here.
Cancellation and Deferment Options for Teachers
If you're a teacher serving in a low-income or subject-matter shortage area, it may be possible for you to cancel or defer your student loans. Let us help you find out if you qualify.
Loan Consolidation
A Consolidation Loan allows you to combine all the federal student loans you received to finance your college education into a single loan. Read this section to help you decide whether consolidation is right for you.
Default
If you default, it means you failed to make payments on your student loan according to the terms of your promissory note, the binding legal document you signed at the time you took out your loan. In other words, you failed to make your loan payments as scheduled. Your school, the financial institution that made or owns your loan, your loan guarantor, and the federal government all can take action to recover the money you owe. Here are some consequences of default:
  • National credit bureaus can be notified of your default, which will harm your credit rating, making it hard to buy a car or a house.
  • You would be ineligible for additional federal student aid if you decided to return to school.
  • Loan payments can be deducted from your paycheck.
  • State and federal income tax refunds can be withheld and applied toward the amount you owe.
  • You will have to pay late fees and collection costs on top of what you already owe.
  • You can be sued.

Obviously, you don’t want to let your loan go into default. However, should this happen, find out what options are available. Click on this link to our Guide for Defaulted Borrowers to find comprehensive information developed by the Department’s FSA Collections section. Clicking on various tabs within that publication will give you information about how to remove your loan from default, what to do if you have a dispute about your loan’s default status, and how to get answers to questions you might have.

Federal Student Aid

FSA Publications

FSA Brochures and Fact Sheets
PREPARE FOR MY FUTURE
Career Colleges and Technical Schools


THINKING ABOUT GOING TO A CAREER COLLEGE OR TECHNICAL SCHOOL?

Questions to Ask
Finding Schools || Choosing a School
Paying for Your Education || Special Considerations
Useful Publications & Resources
Career Colleges and Technical Schools Home

After high school, you can choose many different paths to continue your education. One path is to earn a certificate, degree, or diploma from a career college or technical school that will train you for a specific career, trade, or profession. Those schools train students for a variety of technical positions, including automotive technician, computer technician, hairstylist, medical assistant, and truck driver.

This Web site gives you some questions you'll want to ask before enrolling in a career college or technical school. With so many schools to choose from, it's important that you know the kinds of questions to ask before enrolling. One key issue is whether the school is accredited by an agency recognized by the U.S. Department of Education or licensed by the state in which it is located.

This Web site can help you choose the right school to meet your career goals.

For Parents

Tools for Student Success
Selected Publications for Parents and Teachers
Downloadable File PDF (309 KB)

"Our children ... deserve an education worthy of this great nation. Together we will make sure that every child learns and no child is left behind."
President George W. Bush

At the heart of the No Child Left Behind Act of 2001 is a promise to raise standards for all children and to help all children meet those standards. In support of this goal, President George W. Bush is committed to promoting the very best teaching methods. Well-trained teachers and instruction that is based on research can bring the best teaching approaches to all children and help to ensure that no child is left behind.

The law recognizes that parents are their children's first and most important teachers, and, for children to be successful in school, parents and families need to be actively involved in their children's learning. They need to become involved early and stay involved throughout the school year.

In support of President Bush's commitment to giving parents and teachers tools to help children succeed, the U.S. Department of Education has developed a number of publications featuring the latest research and most effective practices in subjects such as reading, homework, and staying drug free. This catalog provides brief descriptions of each volume, as well as information on how to obtain these publications in hard copy or online. Each is provided at no cost. This catalog will be updated as new publications become available. In the meantime, readers are invited to check out the various titles listed here.

The research-based, yet easy-to-understand information in these publications can help families and educators make good decisions about children's learning. Well-informed parents and teachers are essential to an America where every child will be educated and no child left behind.

"There is no more powerful advocate for children than a parent armed with information and options."
Rod Paige
U.S. Secretary of Education