Are you an adult considering college? Have you withdrawn from school or are you hoping to transfer to a new school?
Students who have withdrawn from school without completing a degree may find themselves in some difficulty. They may owe money on student loans, but not have the degree or diploma they need to find a career that will leave them the ability to pay the loans back.
Does the thought of your student debt keep you up at night? Are you paralyzed by the idea of owing thousands of dollars? Or do you do your best to not think about it—putting it off until “tomorrow”?
Whether student debt has you breaking out in a sweat, or you’re avoiding the reality for as long as you can, it’s time to face the music. But here’s the good news: You don’t have to fear it. Just face it.
Are you an adult considering college who needs financial help? Whether an adult student is enrolling in college for the first time or returning to school after a break, they should apply for federal student aid. Federal student aid can help a student of any age cover their education expenses. Adult students do often have misconceptions about their eligibility. Some of the more common myths are outlined below.
On May 10, 2015, the Department of Education changed the way you log in to Federal Student Aid websites. Students, parents, and borrowers are now required to use an FSA ID, instead of a Federal Student Aid PIN, to log in. If you haven’t logged in to a Federal Student Aid website (such as fafsa.gov or StudentLoans.gov) since May 10, 2015 you will need to create an FSA ID before you can log on in the future.
If you’re among the millions of current or former students with debt, you’ve probably been tempted to click on an ad that says, “Obama Wants to Forgive Your Student Loans!” or “Erase Default Statuses in 4 – 6 Weeks!” or some equally enticing student loan debt relief offer … available only if you click or call NOW!
Many the companies behind these offers have sophisticated marketing tactics to target unsuspecting students, borrowers, parents, military service members, and their families. In the Financial Aid Office, unfortunately I hear about these pitches a lot. My advice: Before you pay somebody to help you with your student loans, do your homework.