Federal Student Loan Awareness
Dec. 28, 2017
A vast majority of our Concorde students have had to undergo the process of taking out a federal student loan to pursue their health care education. And, it can be a daunting, complicated process.
Thankfully, there is help available. The Federal Student Aid office of the U.S. Department of Education has a website which can be a most valuable resource in walking health care education applicants through the federal student loan process.
The website’s home page contains five tabs across the top of the page that provide helpful information regarding how students pursuing health care education can prepare for college, the various types of student aid available, how to fill out the all-important FAFSA form and how to repay your student loans.
Start the health care education journey by filling out the FAFSA
Completing the Free Application for Federal Student Aid (FAFSA) form is the first step toward securing federal aid for college, career school or graduate school. More than $120 billion in grants, work-study funds and loans are distributed by the Department of Education each year, but you must complete the FAFSA form to see if you qualify.
As the name suggests, the FAFSA is free and easier to fill out than ever before. It gives you access to federal financial aid. In addition, many states and colleges use FAFSA information to determine eligibility for state and school aid.
The 2018-19 FAFSA form became available Oct. 1, 2017. For the 2018-19 school year, you can apply between Oct. 1, 2017 and June 30, 2019. However, there are a few federal student aid programs that have limited funds, so the sooner your FAFSA form is submitted, the better.
You have to fill out a FAFSA form every year you’re in school to stay eligible for federal student aid.
Repaying federal student loans for your health care education
Understanding how to repay your federal student loans can save you a lot of time and money. The Federal Student Aid website also has a page devoted to helping students manage repayment and answer any questions.
The page discusses various repayment plans and finding the right plan for you. It even provides an estimator tool so that you can get an idea of what your payments will look like under various plans.
The site shows you how to make a payment, what to do if you can’t afford your payments and circumstances that might result in no longer having to repay your loan.
Concorde also has resources to help
Concorde’s Student Loan Support Center also has personnel on hand to help students and graduates successfully navigate repayment of their federal student loans. Just give the SLSC a call at 1-800-861-9119 and a Student Loan Specialist will help.
You also can go to the Concorde website’s financial aid page to see all the financial aid options we offer.