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There are two sources for student loans: the federal government and private lenders. In order to obtain most federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). A college student loan is a sum of money available to full time students, with a minimum level of interest required during the period in which they are registered as full time students. These types of loans rarely cover the entire cost of education, and most applicants refer to other financial aid options in order to meet their needs.
In most instances the FAFSA is required for all federal financial aid including federal student loans. Deferment options are available while you are still attending school at least half-time. In order to qualify for financial aid and grants the student must be enrolled in programs offered at a school that is accredited.
Prospective medical assistant students should seek out schools where caring instructors have "real world" experience and are qualified through certification in the field which they teach. Only this way will medical assistant students receive the knowledge and training they need to succeed. Those who need financial aid for their career training have even more reason to opt only for approved, accredited, and properly licensed educational programs that meet the clearly defined and strictly upheld criteria of regional or national accreditors and government agencies.
On 10/10/2008 TSS shared with us:
Contributed by TSS, MA Student
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Forum
I'm a real go getter and everyone in my class was really hurt when we
found out we were not getting certified... I feel like our school might be "black balled" and it's hurting the
good students. We did hear some companies say they would not use (our school's) grads any longer because of
the way they performed, appearance, lack of knowledge and that was with all the programs, not just the medical
ones.
Federal loan consolidation is for students who are in repayment status or parents who wish to extend the repayment period on their current PLUS and obtain a fixed interest rate for the life of the loan you can combine all of your eligible federal student loans into one loan with a Federal Consolidation Loan. Consolidating also locks the interest rate you pay on your loan.