Question

PROJECT: STUDENT LOANS AND FINANCIAL AID Graduating from high school is a challenge you are about to complete. You have worked hard to achieve this goal, knowing it will prepare you for a brighter future. Statistics show that people with a higher education receive higher salaries than those that do not have a higher education. Now, it is time to work toward your next challenge, attending and graduating from college. You have probably been looking at a variety of schools to attend and may have made your choice. This project will allow you to research the information available to those looking to fund a college education

Answer 1

As stated in the text above, taking a college degree is very important to maintain the quality of life of an adult citizen. That's because the higher diploma offers better salaries and better career plans. However college fees are not cheap and end up discouraging many students. However, it is necessary to remember that there are many ways to obtain federal and private loans that can help students in this regard.

Among the forms of federal loan we can mention: direct subsidized loans, direct non-subsidized loans and direct PLUS loans. These loans have a lower interest rate than private loans, but have higher requirements and guidelines that must be met.

Private loans are made by banks and basically exist in two modalities, the ugly loan directly to the student and the loan made to the parents. Interest rates in these cases are higher, but have less requirements.