|
This page contains general student loan information. For more detailed information please contact the Financial Aid office at the college, university, or vocational school you plan to attend.
Introduction
A postsecondary education is one of the best investments you can make in yourself. (It's also one of the best investments that a parent can make in their offspring.) Attending a college, university or vocational school provides an opportunity to grow both personally and professionally. In addition, it provides the preparation that will be needed to compete in today's aggressive job market.
Unfortunately, most people can't afford to pay the full cost of higher education. While scholarships, grants and work-study funds are available to help defray the cost, they rarely cover the entire cost. That's where the Federal Family Education Loan Program comes into the picture.
FFELP
The Federal Family Education Loan Program (FFELP) is a government-sponsored program that provides loan funds to help students and their parents pay for a postsecondary education. The FFELP is the largest single source of student financial aid. These federal education loans are usually better than traditional consumer loans because they offer low interest rates, extended repayment terms, and require no collateral. For more information on the types of loans available in the FFELP, use the links below.
|
