DOCSLIB.ORG

Do I Need to File the Free Application for Federal Student Aid (FAFSA) to Apply for the Citizens Bank Student Loan Or Citizens Bank Student Loan for Parents? A: No

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Do I Need to File the Free Application for Federal Student Aid (FAFSA) to Apply for the Citizens Bank Student Loan Or Citizens Bank Student Loan for Parents? A: No Citizens Bank Student Loans FAQ Student Lending, the Citizens Bank Student Loan™ and Citizens Bank Student Loan for Parents™ Q: Do I need to file the Free Application for Federal Student Aid (FAFSA) to apply for the Citizens Bank Student Loan or Citizens Bank Student Loan for Parents? A: No. Citizens Bank Student Loan and Citizens Bank Student Loan for Parents borrowers do not need to submit a FAFSA. Simply complete the online application to apply. However, we recommend that you also consider available federal student loan options, for which a FAFSA will be required. You can obtain more information about federal student loan programs at the Department of Education website www.direct.ed.gov. Q: Can I use a Citizens Bank Student Loan or Citizens Bank Student Loan for Parents to help pay for books and personal expenses? A: Yes. Our Citizens Bank Student Loan and Citizens Bank Student Loan for Parents can be used to help pay for school-related costs beyond that of tuition while the student is enrolled in school. Examples of these costs are books and living expenses, such as meals and rent, and the maximum amount you can borrow each year is determined by the school. Q: What is the difference between the Citizens Bank Student Loan or Citizens Bank Student Loan for Parents? A: The biggest difference between the two products is that with the Citizens Bank Student Loan, the student is the primary borrower (with the ability to add a qualified cosigner) who is liable for the repayment of the loan. With the Citizens Bank Student Loan for Parents, the borrower is a parent or other sponsor who has taken out the loan for the benefit of the student (this option does not allow for a co-signer) and that borrower remains the sole person responsible for repayment of the loan. Q: What is the difference between the Citizens Bank Student Loan for Parents and the William D. Ford Parent PLUS loan (also known as the Federal Direct PLUS Loan)? A: While both loans are used to help finance the cost of a student’s education without having the student incur any debt, there are numerous differences. The Citizens Bank Student Loan for Parents is an alternative or private student loan issued by Citizens Bank, N.A., whereas the Federal Direct PLUS Loan is issued by the federal government. Differences in the programs include, but not limit too, interest rates, fees, eligibility, deferment and forbearance options as well as alternative repayment programs. We recommend that you research the key features of each loan program to make the choice that is best for you. Information on the Parent PLUS loan can be found at www.direct.ed.gov/parent.html Q: How much can I borrow with the Citizens Bank Student Loans? A: Minimum Loan Amount — $1,000 Maximum Loan Amount Total Private and Federal Total Citizens Bank Student Loan Debt Student Loan Debt Undergraduate $120,000 $90,000 Graduate $150,000 $110,000 Business and Law $175,000 $130,000 Medical and Dental $225,000 $170,000 Please Note: Graduate loan aggregate amounts include amount used to obtain undergraduate degree Q: What are the eligibility requirements to apply for the Citizens Bank Student Loan? A: ▪ Students must be enrolled at least half-time in a degree-granting program at an eligible institution. • Students must be a U.S. citizen or permanent resident, or an international student with a creditworthy U.S. citizen or permanent resident cosigner residing in the U.S. • Students must have attained the age of majority in their state of residence, or, if the borrower does not meet the age of majority in their state of residence, a cosigner is required. Q: What are the eligibility requirements to apply for a Citizens Bank Student Loan for Parents? • Borrower must have attained the age of majority in their state of residence. • Borrower must be a creditworthy U.S. citizen or permanent resident. • Students must be enrolled at least half-time in a degree-granting program at an eligible institution. • Students must be a U.S. citizen or permanent resident. Q: How do I find out if the school is an “eligible” school? A: Please call our customer service area at 800-708-6684 Monday through Friday from 8:30 AM until 8:00 PM EST. Q: Are there any fees for the Citizens Bank Student Loan or Citizens Bank Student Loan for Parents? A: There are no application, origination or disbursement fees for our Citizens Bank Student Loans. Late payment, returned check fees and charges for optional services may be assessed. Q: Do you offer interest rate reductions on Citizens Bank Student Loans? A: Yes, Citizens Bank offers our borrowers interest rate reductions on our Student Loan products. Please see www.citizensbank.com/student-loans for our current offers. Q: How good must my credit be to be eligible for a Citizens Bank Student Loan? A: We will need to see a reasonably strong credit history, along with a minimum household income (for either the borrower or cosigner) of $12,000. Although a cosigner is not required, we strongly encourage borrowers with little or no credit history to apply with a qualified cosigner to increase their chances of being approved. A qualified cosigner can also help the borrower secure a lower interest rate. Q: How good must credit be to be eligible for a Citizens Bank Student Loan for Parents? A: We will need to see a reasonably strong credit history and a minimum household income of $12,000 for the Citizens Bank Student Loan for Parents. Q: What is the difference between a variable and a fixed rate loan? A: The Citizens Bank Student Loan offers a choice of fixed and variable interest rates, while the Citizens Bank Student Loan for Parents is a fixed rate loan. A variable rate loan means that the interest rate will fluctuate monthly, and therefore, your monthly payment amount may vary over time. (A higher interest rate will mean an increase to the monthly payment and a lower interest rate will mean a decrease to the monthly payment). A fixed rate loan means that your interest rate will remain constant over the life of your loan and that your monthly payment amount will remain the same. Q: What information is needed to complete the Citizens Bank Student Loan application? A: Both the borrower and cosigner (if applicable) will need to submit the following: • Name of school the student plans to attend • Driver’s license number • Social Security Number (or Alien ID number for Permanent Residents) • Gross monthly income and one most recent paystub • Employer name, phone number and length of employment (if applicable) • Monthly rent or mortgage payment (if applicable) • Anticipated graduation date (MM/YYYY) • Loan amount requested • Loan period for which funds are needed – This is the entire academic year, or portion thereof, for which you are applying. • Cosigner name and valid email address (if applicable). • Student borrower reference Q: What information is needed to complete the Citizens Bank Student Loan for Parents application? A: The borrower will need to submit the following: • Name of school the student plans to attend • Driver’s license number • Social Security Number (or Alien ID number for Permanent Residents) • Gross monthly income and one most recent paystub • Employer name, phone number and length of employment • Monthly rent or mortgage payment (if applicable) • Student’s Name, Date of Birth and Social Security Number • Anticipated graduation date of the Student (MM/YYYY) • Loan amount requested • Loan period for which funds are needed – This is the entire academic year, or portion thereof, for which you are applying. Q: Will I have to provide any documents after I submit my application? A: When we review an application, we try to verify both identity and income reported on the application through an automated process. If we are unable to verify the information provided on our own, we will ask for documents to help us make our decision. Q: What do I need to provide if you ask me for income verification? A: If you are asked to provide proof of income or other documents, we need you to provide us different documents depending on the type of income you listed. We will need to review and verify that the documents match the information you provided on your application. If we can’t use the document you submit to verify your income we may have to ask you for an alternate document. If you are self-employed or included additional income on your application (such as investment or retirement income) you have two options. You can either reference the below chart and provide us the documentation listed there or you can complete the IRS form 4506-T, which allows us to obtain your tax returns on your behalf. If you choose to complete the 4506-T, please ensure that all fields are completed with no cross-outs and that Box 9 specifies the last two years of tax returns that you want the IRS to send us. This form is available on our website at www.citizensstudentloans.com/Content/Files/4506-T.PDF. Because this requires us to obtain documents from the IRS, the 4506-T has a one to two week turnaround for verification. Below are some the most common forms of income verification: Employment income Most recent paystub dated within 60 days of when you submitted your received through application. traditional paychecks Self Employment/ Family If you are self-employed or employed by a member of your family, then a copy Business Income of either of the below should be provided: • Your two most recent federal tax returns • IRS Form 4506-T Social Security benefits, A copy of any of the applicable documents below: Disability, • Award letter including the frequency and amount of the income Retirement/pension, Non- • Policy agreements taxable interest income • Account statements • Your most recent 1099R • Your most recent federal tax return • IRS Form 4506-T Investment Income A current asset statement to show proof of ownership and a copy of any of the following documents should be provided: • Your most recent federal tax return • A one-year income history shown through account statements • IRS Form 4506-T Income from a New Job If you have not yet started your job but want to use that income in your application, you must be scheduled to start employment before your first payment is due.
Load more

Recommended publications
  • Repaying Your Loans
    FEDERAL STUDENT LOANS Repaying Your Loans ® This guide provides information about repayment of loans from the following federal student loan programs: • The William D. Ford Federal Direct Loan (Direct Loan) Program— Under this program, loans are made by the U.S. Department of Education (ED). • The Federal Perkins Loan Program—Under this program, loans are made by schools. • The Federal Family Education Loan (FFEL) Program—Under this program, now discontinued, loans were made by banks or other financial institutions. No new FFEL Program loans have been made since July 1, 2010, but you may have an FFEL if you were attending school before that date. Note: Although Perkins Loans are made by schools and FFEL Program loans were made by financial institutions, these loans—like Direct Loans—are federal student loans. U.S. Department of Education Counselors, Mentors, and Other Professionals Order online at: www.FSAPubs.gov Federal Student Aid E-mail your request to: [email protected] This guide does not provide information about repayment of the James W. Runcie Call in your request toll free: 1-800-394-7084 following types of loans: PLUS loans made to parents; private education Chief Operating Officer Those who use a telecommunications device for the deaf (TDD) or a teletypewriter (TTY) should call loans (made by a bank or other financial institution under that Customer Experience Office 1-877-576-7734. Brenda F. Wensil organization’s own lending program, not the FFEL Program); school Chief Customer Experience Officer Online Access loans (not Perkins Loans); or loans made through a state loan program.
    [Show full text]
  • Petition for a Writ of Certiorari to the United States Court of Appeals for the Seventh Circuit
    No. ______ In the Supreme Court of the United States MARK WARREN TETZLAFF, PETITIONER v. EDUCATIONAL CREDIT MANAGEMENT CORPORATION ON PETITION FOR A WRIT OF CERTIORARI TO THE UNITED STATES COURT OF APPEALS FOR THE SEVENTH CIRCUIT PETITION FOR A WRIT OF CERTIORARI DOUGLAS HALLWARD-DRIEMEIER Counsel of Record JAMES M. WILTON JONATHAN R. FERENCE-BURKE MARTHA E. MARTIR JOHN T. DEY* ROPES & GRAY LLP ROPES & GRAY LLP Prudential Tower 2099 Pennsylvania Avenue, N.W. 800 Boylston Street Washington, D.C. 20006 Boston, MA 02199 (202) 508-4600 Douglas.Hallward-Driemeier@ ropesgray.com D. ROSS MARTIN ROPES & GRAY LLP 1211 Avenue of the Americas New York, NY 10036 * Not admitted to practice in the District of Columbia; supervised by Ropes & Gray LLP partners who are members of the District of Columbia bar QUESTIONS PRESENTED Under the Bankruptcy Code, student loan debt is dischargeable in cases of “undue hardship.” 11 U.S.C. 523(a)(8). To determine whether petitioner had shown “undue hardship,” the court of appeals applied its ver- sion of the three-element Brunner test. See Brunner v. N.Y. State Higher Educ. Servs. Corp., 831 F.2d 395, 396 (2d Cir. 1987). As two elements of that test, the court of appeals requires a debtor to establish a past good faith effort to repay student loans and a “certainty of hopelessness” that he will never be able to repay his student loan debt in the future. Other courts of appeals apply substantially different versions of the Brunner test, requiring that the debtor’s inability to pay be “likely to persist for a significant portion of the repay- ment period,” but not requiring a “certainty of hope- lessness.” Courts in two circuits have rejected the Brunner test altogether, adopting a more lenient standard based on the “totality of the circumstances.” This case presents the following questions: 1.
    [Show full text]
  • On Student Loans
    Personal Finance Student Loan Fact Sheet Series Recovering from Student Loan Default Carrie L. Johnson, Ph.D. | North Dakota State University Failing to make regularly scheduled student loan Federal employees face the possibility of having payments can have a very negative effect on a 15% of their disposable pay reduced by their consumer’s life. Federal loan servicers report employer to pay back student loan debt. delinquencies of at least 90 days to the three major It will take years to reestablish your credit and credit bureaus (Equifax, Experian, and recover from default. TransUnion). Default occurs when an individual fails to make a student loan payment for more than Avoiding Default 270 days. For private loans, each lender will have If you are having difficulty making student loan different rules. This fact sheet will focus on rules payments, it is essential to be proactive and avoid regarding federal student loans. going into default. By contacting your loan servicer, you may be able to switch repayment plans, change Consequences of Default your payment due date, or get a deferment or The consequences of student loan default can be forbearance. financially devastating. Below is a list of default consequences as stated on the Federal Student Aid A deferment is a postponement of payment on your website (https://studentaid.ed.gov/sa/repay- loan that is allowed under certain circumstances. loans/default). Interest on Subsidized loans is also postponed. You The entire balance of your loan and interest is qualify for a deferment in the following situations: immediately due and payable. During a period of at least half-time enrollment You lose eligibility for deferment, forbearance, in college or career school.
    [Show full text]
  • Exploring Student Loan Personal Financial Management Decisions Using a Behavioral Economics Lens Michael J
    Walden University ScholarWorks Walden Dissertations and Doctoral Studies Walden Dissertations and Doctoral Studies Collection 2017 Exploring Student Loan Personal Financial Management Decisions Using a Behavioral Economics Lens Michael J. Wermuth Walden University Follow this and additional works at: https://scholarworks.waldenu.edu/dissertations Part of the Business Administration, Management, and Operations Commons, Finance and Financial Management Commons, and the Management Sciences and Quantitative Methods Commons This Dissertation is brought to you for free and open access by the Walden Dissertations and Doctoral Studies Collection at ScholarWorks. It has been accepted for inclusion in Walden Dissertations and Doctoral Studies by an authorized administrator of ScholarWorks. For more information, please contact [email protected]. Walden University College of Management and Technology This is to certify that the doctoral dissertation by Michael J. Wermuth has been found to be complete and satisfactory in all respects, and that any and all revisions required by the review committee have been made. Review Committee Dr. Anthony Lolas, Committee Chairperson, Management Faculty Dr. Godwin Igein, Committee Member, Management Faculty Dr. Jeffrey Prinster, University Reviewer, Management Faculty Chief Academic Officer Eric Riedel, Ph.D. Walden University 2017 Abstract Exploring Student Loan Personal Financial Management Decisions Using a Behavioral Economics Lens by Michael Jay Wermuth MBA, Embry-Riddle Aeronautical University, 1995 BS, U.S. Air Force Academy, 1983 Dissertation Submitted in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy Management Walden University February 2017 Abstract There is a student loan debt problem in the United States. Seven million student borrowers are in default and another 14 million are delinquent on their loans.
    [Show full text]
  • Student Loan Repayment Interest Rate Tables Don’T Borrow Blindly Graduate PLUS for 2011-12
    Student Loan Repayment Interest Rate Tables Don’t Borrow Blindly Graduate PLUS for 2011-12 It’s important for students to understand all the terms of their loans and their Total Interest/ repayment responsibilities before they borrow. Student loans are nearly Loan # of Repayment impossible to discharge in bankruptcy, so the student loan choices made today Amount Payments Payment @ 7.9% Interest could impact borrowers for the rest of their lives. $10,000 120 $120.80 $4,496 / 14,496 The National Association of Student Financial Aid Administrators (NASFAA) has $20,000 120 $241.60 $8,992 / 28,992 created several tables to illustrate costs borrowers will face when they repay $30,000 120 $362.40 $13,488 / 43,488 their loans. These tables show: $40,000 120 $483.00 $17,984 / 57,984 $50,000 120 $604.00 $22,480 / 72,480 • The number of monthly payments under various repayment plans $60,000 120 $590.51 $10,861 / 70,861 • The amount of those monthly payments $70,000 120 $724.80 $26,976 / 86,976 • The total cost of the loan (principal plus interest) $80,000 120 $966.40 $35,968 / 115,968 $90,000 120 $1,087.20 $40,464 / 130,464 • The total interest borrowers will pay under various repayment plans $100,000 120 $1,208.00 $44,960 / 144,960 Estimating the costs of borrowing federal student loans can be challenging, but $110,000 120 $1,328.80 $49,456 / 159,456 these tables can help students make informed decisions before taking out a $120,000 120 $1,449.60 $53,952 / 173,952 loan.
    [Show full text]
  • Report on Private Student Loans.1
    august 29, 2012 Private Student Loans Report to the Senate Committee on Banking, Housing, and Urban Affairs, the Senate Committee on Health, Education, Labor, and Pensions, the House of Representatives Committee on Financial Services, and the House of Representatives Committee on Education and the Workforce. Table of Contents EXECUTIVE SUMMARY ..................................................................................... 3 INTRODUCTORY MATTERS ............................................................................. 6 PART ONE: LENDERS, LOAN MARKETS AND PRODUCTS ......................... 9 PART TWO: BORROWER CHARACTERISTICS AND BEHAVIORS ............. 35 PART THREE: CONSUMER PROTECTION .................................................... 67 PART FOUR: FAIR LENDING ISSUES ............................................................. 78 PART FIVE: RECOMMENDATIONS ............................................................... 86 DATA APPENDIX I: FURTHER INFORMATION ABOUT DATA SOURCES 93 DATA APPENDIX II: ADDITIONAL FIGURES AND TABLES ........................ 96 STUDENT LOAN GLOSSARY ........................................................................ 104 REFERENCES AND NOTES ........................................................................... 109 2 PRIVATE STUDENT LOANS Executive Summary American consumers owe more than $150 billion in outstanding private student loan debt. While this amount is significantly less than the amount outstanding on student loans guaranteed by the federal government, the private student loan
    [Show full text]
  • Student Loan Debt: Fiona Greig Who Is Paying It Down? Daniel M
    Diana Farrell Student Loan Debt: Fiona Greig Who is Paying it Down? Daniel M. Sullivan October 2020 Abstract American families carry more than spouses—in order to manage their and 7 percent of all borrowers not $1.5 trillion in student loan debt. This debt. In particular, we find that while in deferral are on track to never pay debt provided many with the oppor- the median borrower is not unduly off their loans. These dynamics of tunity to pursue higher education, but burdened by their debt, a significant repayment put Black borrowers at a remains for others a large, potentially minority of lower-income and younger disadvantage, who, relative to White crippling, financial burden. In this borrowers are heavily burdened, borrowers, have lower incomes and report, we explore how people of required to make payments that con- higher debt balances and are 4 times different socioeconomic groups are stitute more than 10 percent of their as likely to have no payments made managing their student debt. We do take-home income. We also find that against their loans, partly due to the this by linking administrative banking almost 40 percent of those involved fact that they are less likely to receive data, credit bureau records, and public in student debt repayment are making repayment help. This debt provided records on race and ethnicity to create payments on other people’s loans, many with the opportunity to pursue a unique data asset that includes the with 27 percent of those involved higher education with commensurate income, demographics, debt balances, holding no student debt whatsoever.
    [Show full text]
  • The U.S. Department of Education (ED) Office of Federal Student Aid Is Actively Monitoring the New Coronavirus/COVID-19 Outbreak
    The U.S. Department of Education (ED) Office of Federal Student Aid is actively monitoring the new coronavirus/COVID-19 outbreak. U.S. Secretary of Education Betsy DeVos announced on 3/25/20 that, due to the COVID-19 national emergency, the Department will halt collection actions and wage garnishments to provide additional assistance to borrowers. This flexibility will last for a period of at least 60 days from March 13, 2020. Effective 4/1/20, the Office of the State Controller will suspend all Federal Student loan garnishments. Federal Student loan garnishment payments processed on monthly pay date 3/31/20 and biweekly pay date 4/03/20 have been sent to the U.S. Department of Education. The U.S. Department of Education will refund any garnished wages that should have been stopped as a result of the announcement. The U.S. Department of Education is actively monitoring the COVID-19 national emergency and may extend the 60-day period. Borrowers with defaulted student loans, a current relationship with a private collection agency, and an interest in continuing a prior payment arrangement, consolidating their loans, or beginning a loan rehabilitation arrangement with their private collection agency, should contact the Department's Default Resolution Group at 1-800-621-3115 (TTY for the deaf or hearing-impaired 1-877-825-9923). Private collection agencies are permitted to provide assistance upon the borrower's request. On March 27, 2020, the president signed the CARES Act into law which, among other things, provides broad relief for federal student loan borrowers. To provide relief to student loan borrowers during the COVID-19 national emergency, federal student loan borrowers are being placed in an administrative forbearance automatically, which allows you to temporarily stop making your monthly loan payment.
    [Show full text]
  • ARIZONA STUDENT LOAN CODE of CONDUCT 1. Definitions A
    ARIZONA STUDENT LOAN CODE OF CONDUCT 1. Definitions a. "Employee" or "School employee" means any employee, agent, student financial aid contractor, director, officer or trustee of the School. For purposes of the Code provisions relating to gifts and stock ownership, this term includes family members of the Employee. For purposes of Paragraph 2 of this Code, this term includes family members living in the same household as the Employee. b. "School" means all colleges, campuses, departments or other components of the higher education institution adopting this Code of Conduct that are either located in Arizona or that offer on‐line classes to Arizona residents, including alumni associations if the associations are under the institution's control and are not separately incorporated. c. "Student loan lender" or "lender" means any entity involved in making, holding, consolidating, originating, servicing or guaranteeing any loan to students or parents to finance higher education expenses. This includes lenders who provide private educational loans as well as lenders who provide loans that are made, insured or guaranteed by the U.S. Department of Education, except loans under the William D. Ford Direct Loan Program. 2. Employee Compensation Prohibition a. No employee of the School or "school‐affiliated organization" (as defined in 34 CFR 682.20O(b)(s)(i)(A)(8)) shall accept or solicit anything of other than nominal value from a student loan lender. "Nominal value" means a total retail value of not more than ten dollars ($10.00) as calculated over a 12‐month period, or as defined by a School policy consistent with applicable federal and state law.
    [Show full text]
  • Need Help Understanding How to Manage Your Student Loans?
    Need help understanding how to manage your student loans? Learn how to minimize debt, create a plan to take control of your student loans, manage your budget and much more with PlanSmart® Financial Wellness. PlanSmart® Financial Wellness is a free program that provides access to financial planning through three flexible learning and engagement channels. • Online: employees have 24/7 access to a holistic view of their finances through personalized goals and account aggregation • Phone or online messaging: for simple questions and complex conversations with financial planners • In person: periodically there will be workplace seminars and one-on-one consultations delivered by local financial professionals You can learn about budgeting, financial planning and debt information available to you through PlanSmart® Financial Wellness. To register, go to www.myplansmart.com. Next to the box that reads “Get Started” enter MMC and click Go or call +1 855 203 6842. What educational cost and debt information is available online? Online you can access educational videos, content, modeling and calculators. Educational Videos: To find, go to: Intro to Education Funding, and My Goals and Finances Repaying My Student Loans. Explore All Goals Reduce Your Debt 06112019 Educational Content: To find, go to: Education Costs Learning Center Saving for Education Topics Financial Assistance Plan for the Future Education Funding Strategies Education Funding Reduce Your Debt Goal Modeling: To find, go to: Develop strategy to pay off high My Goals
    [Show full text]
  • Federal Student Loans: Basics for Students
    FEDERAL STUDENT LOANS BASICS FOR STUDENTS ® Whether you’re an adult returning to school or a recent high school graduate, there’s a lot to consider when you’re thinking about college or career school. One of those considerations should be how you plan to fund your education. Chances are, you’ll to need to rely on student loans (money that you borrow and pay back with interest*) to help pay for at least part of your education. Direct Loans (loans made by the federal government) are available to help you cover your education expenses. This brochure will help guide you through the basics of responsible borrowing. BASICS OF STUDENT LOANS With careful planning and an understanding of the basics of student loans, you can help ensure that you achieve your academic goals and graduate with a manageable amount of debt. Know the Types of Direct Loans The U.S. Department of Education (ED) offers Direct Loans through the William D. Ford Federal Direct Loan (Direct Loan) Program. There are three types of Direct Loans that can help students and parents pay for education after high school. LOAN TYPE AVAILABLE TO DETAILS AND UPDATES Direct Subsidized Loans* Undergraduate students who have StudentAid.gov/sub-unsub fnancial need Direct Unsubsidized Loans* Undergraduate, graduate, and professional StudentAid.gov/sub-unsub degree students Direct PLUS Loans Graduate and professional degree StudentAid.gov/plus students, and parents of dependent undergraduate students (you must not have an adverse credit history) For information on current Direct Loan interest rates, visit StudentAid.gov/interest. Consider Direct Loans First Student loans can also come from private sources, such as banks or fnancial institutions.
    [Show full text]
  • Money Management
    Dear Student, Pursuing a college degree gives you an opportunity to broaden your horizons and develop new skills. It’s also the start of your financial independence. The Higher Education Student Assistance Authority (HESAA) is committed to excellence in education and helping you develop the life skills you need for your financial well-being. Real Money 101 was created especially for New Jersey students in cooperation with licensed credit counseling agencies and the financial aid community. By focusing on what you need to know about credit, banking, investing and student loans, Real Money 101 will help you to make wise decisions about your fiscal future. Real Money 101 was conceived to not only assist you in managing your student loan debt, but to give you the skills you need to manage your finances throughout your life. For further information about money and credit management, HESAA has created a team of professionals who can help answer your questions by calling (609) 588-3987. Education is the key to learning, growing and achieving your dreams. With HESAA’s Real Money 101 program, you will also learn how to manage your financial responsibilities and obligations. Best Wishes, E. Michael Angulo Executive Director tabletable ofof contentscontents 1. Money Management................................................2 4. Identity Theft ........................................................15 Why Budget? ......................................................3 How Identity Theft Strikes ................................15 Needs, Wants & Goals
    [Show full text]