There are no federal grants for student aid, but there may be other types of federal grants, such as grants to community colleges and the post-secondary education grant program. Many of the funds distributed through these programs are for specific students, however, as well.
Did the federal government give you a grant for your job that you took after graduation?
There are no federal grants for job assistance because it is not a federally funded program. There may be other types of federal grants, such as grants to community colleges and the post-secondary education grant program. Many of the funds distributed through these programs are for specific students, however, as well.
What can I do if I have received a federal student loan after graduation?
Even if you got a federal student loan, you must make your payment each month. If your loan payment is not sufficient to cover your expenses, you may be eligible for repayment through the Income Based Repayment or Public Service Loan Forgiveness programs.
How is my income calculated?
The federal government uses a standard formula to determine eligibility for different kinds of federal student assistance programs. You can also ask your school about how income is calculated.
Do you offer financial aid for graduate degree programs?
Yes, for degree-granting programs, you usually get the full tuition and fees for your certificate, for which you will receive a federal student aid award.
What is the minimum amount for graduate education student loans?
To get a graduate education loan with a modified income-contingent loan (MELP) plan, you must meet your income-contingent loan payments in full every month. You must also have income that exceeds 100% of the federal poverty guidelines. (This income can be calculated by dividing your take-home wages by 150%). This income guideline does not apply to non-degree seeking borrowers.
If I take out student loans after graduation, is it considered “gaining income”?
Yes. The income for a graduate student loan is considered gainful employment.
If I graduate from college, do my student loans affect my tax situation?
Graduate student loans do not affect your federal tax situation. You may qualify for relief on tax returns because your payments are not taxable as income. You will pay a lower tax rate (up to a limit) on your federal taxes as a result.
What if I took out a student loan when I was in school but no longer want
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