United States Courts Main content Bankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan. Bankruptcy laws also protect financially troubled businesses. Types of Aid Financial aid is money to help pay for college or career school. Aid can come from Besides financial aid, you also should think about what you can do to lower your costs when you go to college. Resources The office of Federal Student Aid provides publications, fact sheets, online tools, and other resources to help you prepare and pay for college or career school. Our resources are grouped by the following topics: Information on College Preparation and the Federal Student Aid ProgramsFree Application for Federal Student Aid (FAFSA®) InformationLoan InformationConsumer Protection Hard copies of many of the publications are available for order from the U.S.
How much should I borrow in student loans? When deciding how much you should borrow in student loans, it helps to start with a budget for not only the school year but for your total expected time in school. For each additional year that you are in school and take out student loans, your total debt will continue to increase. You should borrow only what your future earnings will allow you to repay. Avoiding Scams Before you apply for financial aid, learn how to spot potential fraud, avoid paying for free services, and prevent identity theft. Save Your Money: Don’t Pay for Help to Find Money for CollegeTry These Free Sources of InformationDon’t Pay for the FAFSA® Save Your Identity:
Financial Aid Shopping Sheet This Web page provides students, families and institutions with resources and background about the development and adoption of the Financial Aid Shopping Sheet. The Shopping Sheet was previously referred to as the Model Financial Aid Offer Form and Know Before You Owe. The Financial Aid Shopping Sheet (PDF) is a consumer tool that participating institutions will use to notify students about their financial aid package. It is a standardized form that is designed to simplify the information that prospective students receive about costs and financial aid so that they can easily compare institutions and make informed decisions about where to attend school. The Shopping Sheet became available for use beginning in the 2013-2014 award year. In July 2012, the Obama Administration unveiled the 2013-2014 version of the Shopping Sheet.
Why Is the U.S. Determined to Have the Least-Secure Credit Cards in the World? I still remember the first time it occurred to me my credit card might be inferior—it was the summer of 2007, and I had just landed at Charles de Gaulle airport in Paris. When I finally made my way to the train station at the airport to buy a ticket into the city, the automated ticket machine firmly rejected my Bank of America MasterCard. As I soon discovered, it was an experience familiar to every American who has traveled to Europe: the moment when an automated payment machine (or a disdainful French shop clerk) realizes that you are trying to pay using a credit card without a microchip and that you want them to process your card’s magnetic stripe, an easily counterfeited relic of 1950s technology. The fights over how America deals with credit-card fraud and who pays for it have flown under the radar in part because almost no consumers ever have to cover any of the fraudulent charges made on their cards. The U.S.’s weak standards actually hold back other countries in important ways.
A Parent's Guide to Financial Aid Your child is worried about getting into college—but you're probably more concerned about paying for it. Here's the good news: there is plenty of financial assistance for families paying for college. You just need to know how to get it. The prospect of applying for financial aid can seem intimidating—especially the first time. But the financial aid process is not as difficult as you think. All it takes is time, a little organization—and a lot of paperwork/online forms. Financial Aid Award Letter – Understanding Award Letters Find out how much financial support the school will give you for the coming year. After a college accepts you, you'll receive a letter that outlines how much the school will cost and what kind of financial aid package you'll receive — including federal, state, and school sources. There’s no standard format for schools’ award letters, but they contain the same overall information: How much your year in college will cost The financial aid package that the school is giving you What portion your family is expected to contribute Any gap you’ll have to make up through other sources
What's Up In Finance? . For Educators . Lesson 3 In this lesson, students will learn about credit cards and credit scores. They will investigate and comprehend the concepts of credit and credit ratings, or scores. Students will then watch a clip of WHAT'S UP IN FINANCE? to see how a small-business owner named Anna is reviewed positively by a lending committee based on her strong credit rating. Students will use the "It Costs What?!" online interactivity to learn about the different costs of borrowing money on a credit card.