What to do if you lose your financial aid
Sometimes it’s possible to regain financial aid – but not always.
Jennifer is a former editor on the Loans team with previous experience as an editor in the education space on BestColleges.com. She was committed to helping writers develop impactful stories that help guide readers at any stage of their financial journey.
Prior to working as an editor, Jennifer spent almost 8 years working in South Korea in the education sector, where she learned how to be extra frugal so she could continue saving enough money to pay off her student loans and save for her future home. This kickstarted both her passion for helping others take control of their finances and her love of cooking.
On the side, Jennifer likes to write reviews for an independent Seattle publication. She also likes to read, watch witty comedy, run and cycle, travel to visit friends and teach herself the violin. Her friends call her a foodie, and she will find any excuse to eat good food with good company.
I feel like the word frugal has a bad rap these days. People seem to associate it with being poor, but this is what I have done since I was 21 and bought a place on my own when I was 40. Budgeting and saving with a lot of patience can go a long way to achieving big financial goals.
Sometimes it’s possible to regain financial aid – but not always.
The main difference between the two loan types comes down to who pays interest.
Learn about tax deductions and credits for student loans and higher education expenses
Learn more about Edifinancial Services and what they do here.
Sallie Mae has a long history, but currently it offers only private loans.
If the government withholds your tax return, you may be able to get that money back.
Should you fill out both the FAFSA and the CSS Profile? That depends on your school.
Student loan forgiveness is not an immediate solution, but it can bring relief.