Loss of Subsidy on Subsidized Stafford Loans

Approximately 6,000 students nationwide who borrowed subsidized Stafford loans for the first time after July 1, 2013 should expect to hear from their loan servicers very soon because they have not completed their degree or certificate after attending college for over 150% of the published length of their program.  These students will start accruing interest on their subsidized Stafford loans and in some cases the subsidy loss will be applied retroactively which could increase their monthly loan payment if they have already begun repayment.  Information about the 150% subsidized loan limit is available here and additional details about the subsidy loss that is occurring this week can be found here.  Students should contact their loan servicers if they have any questions about this.  Students may view their loan histories and look up contact information for their loan servicers by logging into the “My Federal Student Aid” portal at www.studentaid.ed.gov.”

Finding Local Scholarships

Looking for scholarships takes time and effort. There are thousands available and many places to look for them. They can be found at the NVCC Educational Foundation, local clubs and businesses, the State Department of Education, etc. The following article will provide a step-by-step guide on how and where to look for scholarships and the necessary process that needs to be taken to apply for the scholarships. Click here to read the article.

Financial Aid Newsletter – GREENBACK (July_2015)

Financial Aid Newsletter – GREENBACK

Check out the latest issue of The Financial Aid GREENBACK, our quarterly Financial Aid newsletter. This issue: Department of Ed partners with NOVA, Win $100 in CashCourse Contest, the New Financial Aid & Student Accounts Support Center, and more. This newsletter is designed to help students and staff members stay up-to-date on the latest and greatest in the world of financial aid.

Public Service Loan Forgiveness

Are you thinking about pursuing a career in a public service at a non-profit organization or are you currently working at a non-profit organization?  If so, and if you have borrowed federal student loans you should definitely know about the Public Service Loan Forgiveness program.  After working full-time for at least 10 years at a public service organization while making at least 120 qualifying monthly loan payments after October 1, 2007 the remaining balance of your Federal Direct student loans may potentially be forgiven.  Read more about the Public Service Loan Forgiveness program here.