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How can My Federal Education Loan Debt Influence Our Teen’s FAFSA?

How can My Federal Education Loan Debt Influence Our Teen’s FAFSA?

If you’re a moms and dad with education loan debt, you are wondering if this can impact your child’s monetary help eligibility.

You will find various kinds of educational funding available, while the most of federal student help isn’t contingent on pupil or moms and dad credit score, including student that is federal debt the parents may have.

What forms of educational funding can be obtained?

There are numerous kinds of college aid that is financial. Some aid that is financial predicated on need plus some is dependent on merit; some has got to be paid back; plus some requires your youngster to get results to make cash. Help might be supplied by the federal or local government, the faculty itself or charitable and personal companies. Generally speaking, university aid that is financial into four categories: funds, scholarships, work-study programs and student education loans. Continue reading How can My Federal Education Loan Debt Influence Our Teen’s FAFSA?