When the borrower of a Student Loan graduates, leaves school, or drops
to a less than half-time status this date is called the Separation Date.
The separation date is used to determine the loan’s grace period and
the date the first loan payment will be due.
The Direct Loan Program offers a range of repayment plans:
Standard Repayment plan -
fixed […]

The Perkins loan program and Supplemental Educational Opportunity Grants
(SEOG) are in danger of being eliminated by the Bush Administration.
Last Monday, The Bush administration proposed to slash subsidies
paid to financial institutions that make college loans.

President George W. Bush unveiled a broad overhaul of student aid programs
in his fiscal 2008 budget.
The White House said it wants to […]

The Pell Grant Program is a need-based, undergraduate
grant program funded by the federal government.
Pell Grants may be used at both two-year and four-year colleges.
Five million students, one-third of undergraduates,
receive an average of $2,500 per year in Pell Grants to
finance their education at accredited colleges or universities.
Students do not pay back the grants.
Students qualify for Pell […]