Federal Student Aid an Office of the U.S. Department of Education’s Post

Working in financial aid, a question we get asked numerous times each year from students and parents is can they take out more Stafford loans during the year. Most don’t know there are federal limits for what year a student is in school as well as lifetime limits they can’t go over. Furthermore, the interest rate is locked in for only that year so when accepting loans for the next school the interest rate will be different for those new loans.

The average college graduate has over $35,000 in federal loan debt and spends roughly 20 years paying off their loans. Creating a savings plan as early as possible is the best way to reduce the amount you may have to borrow for yourself or a child's education. Learn which type of savings plan will help you maximize your efforts here: https://bit.ly/3Ldi8E2

The average college graduate has over $35,000 in federal loan debt and spends roughly 20 years paying off their loans. Creating a savings plan as early as possible is the best way to reduce the amount you may have to borrow for yourself or a child's education. Learn which type of savings plan will help you maximize your efforts here: https://bit.ly/3Z8KXY0

The average college graduate has over $35,000 in federal loan debt and spends roughly 20 years paying off their loans. Creating a savings plan as early as possible is the best way to reduce the amount you may have to borrow for yourself or a child's education. Learn which type of savings plan will help you maximize your efforts here: https://bit.ly/44EbJIN

The average college graduate has over $35,000 in federal loan debt and spends roughly 20 years paying off their loans. Creating a savings plan as early as possible is the best way to reduce the amount you may have to borrow for yourself or a child's education. Learn which type of savings plan will help you maximize your efforts here: https://bit.ly/44HRI4m

The average college graduate has over $35,000 in federal loan debt and spends roughly 20 years paying off their loans. Creating a savings plan as early as possible is the best way to reduce the amount you may have to borrow for yourself or a child's education. Learn which type of savings plan will help you maximize your efforts here: https://bit.ly/3sHUysG

The average college graduate has over $35,000 in federal loan debt and spends roughly 20 years paying off their loans. Creating a savings plan as early as possible is the best way to reduce the amount you may have to borrow for yourself or a child's education. Learn which type of savings plan will help you maximize your efforts here: https://bit.ly/45NXz9G

The Department of Education (ED) on Friday provided updates on the negotiated rulemaking process that is seeking an “alternative path to debt relief” in response to President Joe Biden’s student debt relief plan being struck down by the United States Supreme Court (SCOTUS) earlier this summer. Here's what financial aid administrators need to know: https://ow.ly/I2YO50PS4Bg #FinancialAid #StudentDebt #StudentLoanDebt #StudentDebtRelief #StudentDebtCrisis

How does federal #studentloan interest work? When you take out a loan, you’re required to pay it back with interest. This increases the total amount you owe. It's important to know the interest rate of your loan & how interest is calculated. Learn more: https://lnkd.in/g4F7Y_M

How does federal #studentloan interest work? When you take out a loan, you’re required to pay it back with interest. This increases the total amount you owe. It's important to know the interest rate of your loan & how interest is calculated. Learn more: https://lnkd.in/g4F7Y_M