Education Articles from College Matching Service

If you are reading this article, there are high chances that you are one of those hundreds of students, who would like to pursue higher education for vastly improved career prospects, but are unable to pay the exorbitant fees charged by educational institutions. If this is the case with you, then you have come to the right place. In this article you will get an idea about the loans for education provided by the Government.

Going to the government is a good idea when you are in need of a loan for education, because every year the U.S. Department of Education gives out over $67 billion as educational loans, campus-based aid and grants. Now before we move on to the process of applying for a federal loan, you will need to know the eligibility requirements for getting the loans. They are-

• You should qualify for financial need (some loans do not require this condition to be met)
• You must possess a General Education Development (GED) certificate, diploma from high school or at least a pass a test that has been approved by the U.S. Department of Education
• You must be studying towards earning a degree or a certificate
• The program for which you need the loan, should meet the eligibility requirements set by the U.S. Department of Education
• You must be a citizen of the U.S.A or at least be an eligible non-citizen
• Your past academic performance should have been satisfactory
• You should not have been convicted under the state or federal law for the possession or sales of drugs

Moving on to the actual process of application, you should visit the website of “Free Application for Federal Student Aid” or FAFSA (www.fafsa.ed.gov ). From there you can apply for all kinds of loans, campus based student aid programs and grants. You will find instructions that would guide you through all the required steps and processes. The process of application is divided into three parts:-

• Gathering all the documents and information required for the application process
• Filling your FAFSA in seven steps that would require you to provide details about your school plans, financial information among others
• After having filled up your FAFSA you can periodically visit the website to get various information like the status of your application, the student aid report among others

Tags: Education, Government Loans, loans

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