How to Get the Maximum Student Aid?

Answer The maximum amount of financial aid you are eligible to receive is not a set amount -- instead, it is based on your income, dependents, course load and year in school. Two students living in the sa... Read More »

Top Q&A For: How to Get the Maximum Student Aid

What is the maximum allowable for student loans?

It depends on how far along a student is in school and whether the federal loan is subsidized or unsubsidized. For undergraduates, this usually ranges from $5,500 to $12,500, with the amount increa... Read More »

Do they give student loans to any student or does that student need to have excellent credit?

To qualify for federal Stafford Loan, you must be a full-time student and not fall below half-time status, be a U.S. Citizen, National or permanent resident alien, you can not be in default of any ... Read More »

Can a federal student loan be used to pay for childcare for a full-time student's dependent children?

Generally, no. Federal student aid can only be used for expenses that are directly related to your cost of education. I completely understand that childcare allows you to attend school, but that sa... Read More »

STUDENT LOAN QUESTION: I was curious about whether you could be put in jail for defaulting on student loans?

You cannot be put in jail for defaulting on your loans because there is no debtor's prison in the U.S. Also, you cannot have your education revoked because of bad debt. However, your Alma Mater may... Read More »