Student Loan Consolidation

Federal Student Aid

So you want to go to the college of your choice, that’s great! But how do you plan on paying for it? If you’re like most college-aged prospective students, then you simply don’t have the cash to handle tuition costs. And even if you have a job to help you meet the payment plans your college has put forth, balancing work and school is a very difficult thing to do. Fortunately for all you bookworm hopefuls, you may be eligible for federal student aid.

The most common form of federal aid for students is FAFSA. Sounds pretty official doesn’t it? FAFSA stands for Free Application for Federal Student Aid. Now, don’t get too excited just yet at the mention of “free,” because if you were paying attention in economics class, you’ll remember that there’s no such thing as free lunch! As a dedicated student, you will still be responsible for making partial payments and contributions towards your university’s tuition requirements. This amount is determined by how much both you and your parents are financial capable of contributing; based on factors such as their income, assets and overall financial status. The amount that you and your family are responsible for is referred to as the Expected Family Contribution (EFC).

The good news is that almost all students are eligible for at least a partial degree of financial aid, which do include low-interest rate options. Some eligibility factors include the following: must be a U.S. citizen, a U.S. national or an eligible non-citizen; have a Social Security Number; and have a high school diploma or GED.

Related Information

Citibank Student Loans
Citibank student loans provide a number of payment plans and interest rates to meet your individual needs.

Student Credit Cards
Avoid excessive expenditures with your student credit cards and you’ll be able to pay for your college experience without any issues.

Student Loan Consolidation Student Loan Consolidation