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College Loan Corporation’s four-step guide takes prospective college students through the main steps of creating the right financial aid package.
As students and families start navigating the complex financial aid process by completing their FAFSA forms, College Loan Corporation offers a range of valuable and free resources to help them.
College Loan Corporation
Four Steps to Creating the Right Financial Aid Package
STEP 1: Apply for your FAFSA.
gov, from local libraries or college guidance officers, can be submitted any time after January 1; applicants should submit as early as possible to ensure timely processing.
“It will help them determine exactly what sort of financial aid they are eligible for – whether that’s government grants, scholarships, work-study programs or student loans.
It is important to check the accuracy of the SAR, as colleges will also use it to determine their specific aid package.
This letter will explain their expected family contribution (EFC), help them determine eligibility for student loans, and how much need-based and other aid they qualify for.
College Loan Corporation
Your student financial aid award letter will detail your mix of financial aid from the school you gain acceptance to and your loan eligibility amounts.
With college costs rising and the applicant pool widening, it’s vital to get an early start on these applications for financial aid.
Students should also contact the colleges they have applied to ensure they complete the college-specific financial aid forms.
The SAR determines your expected family contribution, your eligibility for student loans and how much aid you qualify for.
Prospective members of the college class of ’08 should be taking their crucial first step in the financial aid process by completing the Free Application for Federal Student Aid (FAFSA).
For parents of college-bound seniors, it’s important to start filling out tax returns early this year – tax return information will be required to complete the FAFSA form and most college financial aid applications.
The company makes higher education more accessible through innovative loan products and industry-leading customer service.
AS HIGH SCHOOL SENIORS START APPLYING FOR COLLEGE FINANCIAL AID, COLLEGE LOAN CORPORATION OFFERS FREE RESOURCES
Lender urges prospective college students to complete Federal application early, offers easy guide to financial aid process
SAN DIEGO, CA - January 13, 2004 – With admissions applications completed and sent to colleges, January is the time for college-bound seniors and their parents to start applying for financial aid.
College Loan Corporation offers the nation’s best student loan advice line, open 24 hours a day, 7 days a week at 1-800-2-COLLEGE.
About College Loan Corporation
College Loan Corporation, based in San Diego, is a national full-service student loan lender and has originated student loans totaling over $8 billion to over a quarter of a million students and their families.
“Completing the FAFSA form is the first step college-bound seniors should take to start securing their financial aid packages,” said Joe Kakaty, Senior Vice-President, School Relations for College Loan Corporation.
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