Do medical assisting programs offer financial aid or student loans?

financial aid-thinkstock_86522727Short of Education Funds? Your Rich “Uncle” to the Rescue!

LOTS of financial aid is available. That’s right – the US Government sponsors and/or subsidizes many – if not MOST types of student financial aid.

Uncle Sam, provides three basic categories of student aid: grants, work-study and loans. The “heart” of any financial aid package is the Federal Pell Grant. Grants don’t have to be repaid, and you may receive up to $5,500 per academic year.

If the Pell won’t cover all costs, government-backed student loans are available. Neither interest nor repayment starts until after graduation. Even then, the interest rate is very low, and flexible repayment options exist to fit your needs. You may borrow $5,500 to $12,500 per academic year.

The work-study program involves campus-based employment on a part-time basis. The schedule is structured around your class schedule. You receive regular wages which may be used toward tuition, books, or living expenses.

Begin by filing a Free Application for Federal Student Aid (“FAFSA”) at www.fafsa.ed.gov. You will be asked about your income, assets, household composition, etc. This data is compiled into a Student Aid Report (SAR), then is released to the school(s) you indicate.

Using the SAR, each school’s Financial Aid Office determines the specific dollar amount(s) of each type of Federal aid for which you qualify.

There are also numerous PRIVATE loans, scholarships, and grants. Internet search engines reveal these potential funding sources. With proper planning, patience, and persistence, everyone can reach their educational goals. Good luck, and HAPPY LEARNING!

Doing a college search for medical assisting schools or medical assisting colleges? Our US college search groups together quality schools in your area to help jump start your career. Use it to check out popular medical assisting colleges in Mississippi or in any other state of your choosing. Looking for online colleges? You can search for online degrees too.

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