Sentences with phrase «aid eligibility when»

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When you default on a federal student loan, you lose eligibility to receive additional federal student aid.

If not, the next point of contact would be the college's financial aid office to find out when and where prospective students can get applications for funding, the maximum eligibility, and the deadline and address for submitting these applications.

(Sec. 7004) With respect to payments to LEAs for federally connected children under the Impact Aid program, the bill: (1) modifies eligibility requirements for heavily impacted LEAs and LEAs serving on - base children during renovation or repair projects, (2) makes certain formula adjustments that apply when appropriations are insufficient to make payments in full, (3) establishes hold harmless provisions with respect to LEAs facing payment reductions, and (4) eliminates maintenance of effort requirements for LEAs.

When you complete the Free Application for Federal Student Aid (FAFSA), your eligibility for a Pell Grant is automatically determined.

This requirement factors into your eligibility when applying for a home loan because it aids in assessing the probability that you will be able to pay back the loan amount.The Department of Veteran Affairs residual income minimum requirement is generally attributed as large factor in why VA mortgages default at lower rates than all other major lending options.

A federal student loan false certification cancellation (also known as discharge) is available when a school falsely certifies a borrower's eligibility for federal aid.

Each has its own eligibility requirements and different potential benefits (such as student loan forgiveness, income - based repayment plans, etc.), so make sure you understand which loans you are signing on for when you accept your financial aid package.

While some options may look more beneficial than others at first glance, that's not necessarily the case when it's time to pay taxes or determine financial aid eligibility.

Find out when to expect your student aid report (SAR) and learn how to review your FAFSA and SAR to understand your eligibility for federal student aid.

What this means for your child is that if they are in need of student loans or other type of government aid, any cash value in his or her policy will not be taken into account when determining their eligibility for such aid.

When enrolling in a new institution, please contact the school's financial aid office to determine your financial aid eligibility.

Distributions are tax - free when used to pay for qualified higher education expenses and are not counted as income or resources when evaluating eligibility for federal need - based student aid.

When the time comes to pay for college, 529 contributions count as parental assets, which means that less than six percent of their value counts against your child's financial aid's eligibility.

The other is to delay taking a distribution until the student's senior year in college, when affecting next year's financial aid eligibility is no longer a concern.

Financial advisors usually recommend account holders invest more heavily in retirement accounts than 529s to maximize eligibility for financial aid, because colleges don't consider retirement accounts when determining how much aid you qualify for.

In brief, if a student has a 529 plan in his or her name, then financial aid providers will take those funds into account when determining the student's eligibility and level of need.

The meaning of gainful employment, however, was undefined until this past summer when the Obama Administration implemented a set of benchmarks that schools must meet or risk losing eligibility to receive federal financial aid funds.

Reaffirmation agreements are not required in bankruptcy and are totally voluntary, and there may be certain circumstances when they make sense, such as in the case of a borrower who has inadvertently received federal Title IV loan funds in excess of an annual or aggregate loan limit and wishes to regain eligibility for additional Title IV aid.

According to Michael Ferguson, a spokesman for Ontario's attorney general, when the 2014 budget is reintroduced, it will include a proposal to increase the legal aid eligibility threshold by 6 per cent a year over the next seven years.

When saving for college, you should consider the choice of college and curriculum, financial aid eligibility, financial gifts from relatives and scholarship availability.

When you complete and submit your Free Application for Federal Student Aid (FAFSA), you're essentially requesting an assessment of your eligibility for federal and most state grants based on the financial information you provide.