December 14, 2007, Newsletter Issue #46: Eligibility For Federal Student Loans

Tip of the Week

In order to qualify for federal student loans, in most cases, you need to first show that you have a financial need. Once that has been established, the amount you may be awarded is dependent on that cost of attendance at your college or university. In addition, other factors may be considered such as part-time or full-time student status; degree seeking (graduate or undergraduate); citizenship; and, maintain minimum GPA (may vary by institution). Students whose GPA slips below the minimum may be placed on probation and risk losing any future financial aid award.

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