Fairview High School > test student loan

Fairview High School

test student loan

Before you consider a
STUDENT LOAN,
make sure you consider the
payback amount.

Direct Subsidized and Unsubsidized Loans (Stafford Loans)

Information as of Spring, 2018; Click here to visit the Federal Student Aid site.
FOR For undergraduate students with financial need (subsidized) or no financial need (unsubsidized). Your school determines the amount you can borrow.
HOW TO APPLY Complete the FAFSA.
AMOUNT OF LOANS

  • Subsidized & Unsubsidized Loan Limits (if parents don't qualify for Plus Loans)
    • Dependent Students
      Total borrowing is $31,000 of which no more than $23,000 may be in subsidized loans. The first year annual loan limit is $5,500 of which no more than $3,500 may be in subsidized loans.
    • Independent Students
      Total borrowing is $57,500 of which no more than $23,000 may be in subsidized loans. The first year annual loan limit is $9,500 of which no more than $3,500 may be in subsidized loans.
INTEREST 4.45% fixed interest. Loan Origination Fee of 1.066% Current Numbers Here.
ACCRUING OF INTEREST
  • FOR THE SUBSIDIZED LOAN PORTION ONLY the U.S. Dept. of Education pays the interest on a Direct Subsidized Loan while you are in school at least half-time, for the first 6 months after you leave school and during a period of deferment.
  • FOR UNSUBSIDIZED LOAN PORTION ONLY you must pay interest during ALL periods. The loan starts accruing interest from the date of disbursement. If you choose not to pay interest while in school or during grace periods your interest will accrue and be added to the principal amount of the loan.
PAYBACK After you graduate, leave school, or drop below half-time enrollment, you will have a six month grace period before you are required to begin repayment. You can apply for an income driven repayment plan.


Federal Parent PLUS Loans

Information as of Spring, 2018; Click here to visit the Federal Student Aid site.
FOR Restricted to the biological and/or adoptive parents, as well as step-parents of a dependent undergraduate student if they are on the FAFSA. The loan is taken out in the parent’s name and cannot be transferred. You cannot have an adverse credit history.
HOW TO APPLY Typically completing the FAFSA is required as early as possible and a modest credit check. You now have to apply for the PLUS Loan through the new federal loan website under "Parent Borrowers."
AMOUNT OF LOANS The maximum you can borrow is the cost of attendance (determined by the school) minus any other financial assistance received.
INTEREST 7% fixed and a 4.264% origination fee. Interest accrues on this loan when it's disbursed to the school. Current Numbers Here
PAYBACK The repayment period begins on the date the loan is fully disbursed. Parents can request a deferment while their student is enrolled in school at least half-time. Interest does accrue from the time of full disbursement.


Private Loans

Information as of Spring, 2018; Click here to visit the Federal Student Aid site.
FOR College students.
HOW TO APPLY Issued by a private lender like a Bank or Credit Union. May require an established credit report and a co-signer.
AMOUNT OF LOANS You must check with institution you are applying with.
INTEREST Varied interest rates with some greater than 18%. Varied fees usually dependent on your credit score and other factors.
PAYBACK Many private student loans require payments while you are still in school. You need to make sure there are no prepayment penalty fees. These loans normally do not have any forgiveness options.
CO-SIGNERS This is the student's debt, but if you co-sign, it is counted as your debt too!


College and State Loans

Some colleges and states have their own loan programs so check the individual institutions for information.

Admission Rep Interviews

Alumni Interviews

Timing:

Contact:


Duration:


Location:

Can be scheduled before submitting your application. The interview can occur during a college visit in the summer or fall of your senior year. Check the college website for details.

You may wish to check if the admissions representative is conducting interviews at Fairview (especially around the weeks of college rep visits in October).


If a college offers interviews with admissions reps, you may contact the admissions office to schedule the appointment. In some cases, the college will contact you to schedule the interview.


Typically lasts 30-60 minutes.


Usually on campus at the college admissions office. Occasionally college reps will conduct interviews at Fairview.

Scheduled after submitting your application in the fall or early winter of your senior year.

Some schools recommend submitting applications before the deadline to ensure an interview spot. Be sue to check the college website for details.


Most colleges that offer alumni interviews will initiate contact with you after your application is received. In rare instances, colleges require you to contact an assigned alumni interviewer. Be sure to read all emails from your colleges carefully and to respond promptly.

On rare occasions, you may not receive an invitation to interview if a college has no alumni in or near the Boulder area. In these cases, the admissions office does not penalize you for not attending an interview.


Tend to last longer - plan on one hour or more.


Typically at a Boulder coffee shop or other public venue.