I am often asked about loan types, lenders, repayment plans, and even loan consolidation. I have written previous posts on the top lenders for this year, and loan consolidation, so today I wanted to talk a bit about a certain loan type and the repayment plans: Federal Student Loans.
Many people do not pay attention to these codes, or even know what they are. However, knowing college filing codes can be extremely important and could make all the difference between receiving a financial aid award package from a college, and receiving no awards at all.
You are not alone if you’re confused by what financial aid paperwork to submit for the current ‘aid year’. The good news is, this system was set up to actually help families complete the financial aid process more efficiently. Feeling better yet?