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Financial Aid for Students

If you need help paying for college, technical, or career school, check out the options you may be eligible for from the federal government and other sources. Learn why federal student loans are generally preferable to private loans, and how to complete the Free Application for Federal Student Aid (FAFSA).

Federal Student Financial Aid and the FAFSA

You can find grants and scholarships, student loans, and work-study programs through Federal Student Aid (FSA) to help pay for college or career school. Use the FAFSA at https://studentaid.gov/h/apply-for-aid/fafsa to access them.

Am I eligible for Federal Student Aid?

Eligibility requirements for federal student aid include:

• Financial need

• Being a U.S. citizen or an eligible noncitizen

• Remaining in good standing on any federal student loans you have

• Being in or accepted for an eligible degree or certificate program

• Maintaining adequate academic progress

How do I apply for Federal Student Aid?

1. Create an FSA ID account if you’re going to submit your FAFSA online or track its status online. If you’re going to submit a paper FAFSA by mail and won’t be tracking its status, you won’t need an FSA ID.

2. Complete and submit the FAFSA.

3. Know what happens after you submit the FAFSA. This includes:

• Learning how to correct or update information on it.

• Finding out how and when you’ll get your aid.

Know the Deadlines for Submitting the FAFSA

• The federal deadline for submitting the FAFSA is often June 30.

• Many states and colleges use the FAFSA for their financial aid programs. Those deadlines vary.

How do I check the status of an application?

You can check the status of your FAFSA:

• Any time after submitting it online

• Seven to 10 days after mailing a paper FAFSA

You can check by:

• Going to FAFSA.gov and logging in (You must have an FSA ID.)

• Contacting the Federal Student Aid Information Center at https://studentaid.gov/help-center/contact

Who do I contact for extra help?

• Visit the FSA Contact Us page at https://studentaid.gov/help-center/contact for a detailed guide listing phone numbers and other ways to reach experts about federal student aid, FAFSA, loans and loan consolidation, and more.

How do I complain about Federal Student Aid?

• File a complaint or share feedback online through the FSA Feedback System at https://studentaid.gov/feedback-center/

• Learn how to handle loan disputes at https://studentaid.gov/feedback-ombudsman/disputes and for more help with disputes, contact the Federal Student Aid Ombudsman Group at https://studentaid.gov/feedback-ombudsman/disputes/prepare

Get a Student Loan

When you are exploring ways to pay for college, career, or technical schools, you may think about taking out a student loan—money you borrow to help you cover your education expenses and that you must pay back with interest.

Types of Student Loans

Student loans are generally from the federal government (called federal student loans) or from private sources, such as a bank, credit union, state agency, or school. Learn the differences between federal and private loans at https://www.consumerfinance.gov/ask-cfpb/what-are-the-different-ways-to-pay-for-college-or-graduate-school-en-545/ before considering a loan.

Federal Student Loans

If you need to borrow money to pay for college or career school, start with federal student loans. They’re more affordable than private loans.

Types of Federal Student Loan Programs—The William D. Ford Federal Direct Loan (Direct Loan) Program offers four types of Direct Loans:

• Direct Subsidized Loans are made to eligible undergraduate students based on financial need.

• Direct Unsubsidized Loans are made to eligible undergraduate, graduate, and professional students, and are not based on financial need.

• Direct PLUS Loans are made to graduate or professional students and parents of dependent undergraduate students.

• Direct Consolidation Loans allow you to combine all of your eligible federal student loans into a single loan with a single loan servicer.

Eligibility—You must be enrolled at a school that participates in the school loan program and meet the general eligibility requirements.

How to apply—Complete the Free Application for Federal Student Aid or FAFSA.

Private Student Loans

Before taking a private loan, make sure you need it. These loans generally are not as affordable as federal student loans and offer little repayment flexibility.



State Statutes for the State of Texas

CHAPTER 171 - REGULATION OF CONFLICTS OF INTEREST OF OFFICERS OF MUNICIPALITIES, COUNTIES, AND CERTAIN OTHER LOCAL GOVERNMENTS

distinguishable from a financial benefit available to any other similar financial institution or other school , college, or university whose students are eligible for a student loan available under Chapter 53, Education

CHAPTER 53B - HIGHER EDUCATION LOAN AUTHORITIES

shall be construed as a prohibition against establishing policies to limit the purchase of guaranteed student loans or alternative education loans executed by students attending school in a certain geographical

CHAPTER 132 - CAREER SCHOOLS AND COLLEGES

(a) The commission shall develop, in consultation with the Texas Guaranteed Student Loan Corporation and each state agency that regulates career schools and colleges in this state, a comprehensive strategy (d) If the commission enters into a memorandum of understanding with the Texas Guaranteed Student Loan Corporation related to the regulation of career schools and colleges, the commission may require each

Federal Statutes

§ 5115. Vocational and trade schools; appropriation for tuition

vocational and trade schools: Provided, That not more than $50,000 of such sum shall be available for loans to Indian students in high schools and colleges. Such loans shall be reimbursable under rules established by the Commissioner of Indian Affairs.

§ 292q. Agreements for operation of school loan funds

(1) provide for establishment of a student loan fund by the school; (3) provide that the fund shall be used only for loans to students of the school in accordance with (5) provide that the school shall advise, in writing, each applicant for a loan from the student loan This subsection may not be construed to require such schools to reimburse the student loan fund under made by such school to students who are— (i) enrolled in a full-time course of study at such school

§ 292v. Provision by schools of information to students

order to carry out the provisions of sections 292q and 292r of this title, shall, at any time such school makes such a loan to a student under this subpart, provide thorough and adequate loan information on Each school shall, immediately prior to the graduation from such school of a student who receives a loan

§ 297n–1. Nurse faculty loan program

of the Health Resources and Services Administration, may enter into an agreement with any accredited school of nursing for the establishment and operation of a student loan fund in accordance with this section (1) provide for the establishment of a student loan fund by the school involved; (3) provide that the fund will be used only for loans to students of the school in accordance with subsection Loans from any student loan fund established by a school pursuant to an agreement under subsection (a

§ 292s. Medical schools and primary health care

will make a loan from such fund to a student only if the student agrees— will make a loan from such fund to a student only if the student agrees— The requirement established in paragraph (1) regarding the student loan fund of a school does not apply (A) The requirement established in paragraph (1) regarding the student loan fund of a school does not (C) In the case of schools of medicine or osteopathic medicine with student loans funds under section

§ 297a. Student loan fund

(1) provide for establishment of a student loan fund by the school; 3) provide that the fund, except as provided in section 298d of this title, shall be used only for loans to students of the school in accordance with the agreement and for costs of collection of such loans amount of all loans made by a school of nursing under this part minus the total principal amount of loans made by such school to students who are— (i) enrolled in a full-time or half-time course of study at

§ 292t. Individuals from disadvantaged backgrounds

any Federal capital contribution made to the student loan fund of the school from such amounts, together (2) Special consideration for certain schools In making Federal capital contributions to student loan

§ 297b. Loan provisions

Loans from any such student loan fund by any school shall be made on such terms and conditions as the Any loan for any year by a school from a student loan fund established pursuant to an agreement under An agreement under this part with any school shall include provisions designed to make loans from the student loan fund established thereunder reasonably available (to the extent of the available funds