Learning Library Quick Answers Financial Aid Planning

What is the income threshold for qualifying for a subsidized Stafford loan?


Answer: There is no income threshold...the family just needs to show "financial need".....

What is the interest rate on a PLUS loan?


Answer: The interest rate on a PLUS loan is a fixed rate that varies from year to year.....

What is the maximum amount of home equity you can show on the PROFILE form without being assessed?


Answer: It depends on the asset protection allowance and ultimately the school. Home equity is assessed exactly the same for every....

What is the minimum course load required to maintain grants or scholarships?


Answer: Colleges are usually accountable to three reporting authorities-the federal and state government and the school's auditor-....

What is the purpose of the FAFSA?


Answer: The FAFSA will let you know how much you are expected to contribute toward your child's college costs.....