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IT Support Services – IT Support Services – CSU, Chico, discovery student loans.#Discovery #student #loans


IT Support Services

Passwords Accounts

  • Portal Overview

News Announcements

The campus is now using the Account Center identiity management system to manage all indivudual user accounts. Account Center replaces the Password Station and Student Account Maintenance tools. To avoid interruption of access, all users must update their security questions/answers, and enter a personal email address and/or mobile phone number for password recovery. This will enable you to self-service recover your account if you have forgotten your password or become locked out.

If you have not done so already, log into the Portal and click on the Account Center button to confirm your account recovery information is accurate. You can also use the Account Center button on this page in the right hand column.

Are You Good at Phishing?

Phishing vs. fishing. What really is the difference? Well, when you go fishing with a fishing pole, you generally hope to catch something to eat. You don t want branches, rocks, shoes or clothes. However, if its your size, maybe that wouldn t be a bad thing. Well, with phishing they just want the important stuff your username and password. That is the only thing they want. The best way to get that is with an email telling you that you need to go to a site and log in to update it. The truth is, modifications or updates happen when you are logged into those accounts with your saved bookmark login page. Since we definitely DON T want you to click on these links in the email, we want to give you the option to see what some of these email phishing attempts look like. In fact, we want to give you a chance to test yourself to see how many you can accurately determine are phishing attempts. Check out this link to see how well you do.

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What is Spam?

Spam is the colloquial term for unsolicited bulk email. Mail servers which are known to send out these mass-emails are quickly “blacklisted” to prevent the proliferation of spam. Blacklisting can impact legitimate email servers when user email accounts have been compromised through the “phishing” or discovery of the account owner’s username and password.

In order to prevent your email account from being compromised, NEVER give out your account password to ANYONE, regardless of whether the request sounds legitimate or not. (IT Support Services will never ask for your password via email)

A direct link to the ITSS Phishing/Spam Video is here.

Exchange Faculty/Staff Email Migration

In accordance with the IT strategies of our campus and the Chancellor s Office, all Exchange mailboxes are migrating July 21st, 2015 to Exchange Online, Microsoft s hosted cloud service. Users will experience system prompts when using Outlook that their system administrator has made a change to their mailbox and prompts to restart Outlook several times. Some mobile devices may require removal of the account and re-add to properly sync up email and calendar items. Please follow these instructions and restart your device or computer before calling ITSS for support. Exchange migration and support information can be found at: http://www.csuchico.edu/email

Campus Wireless Network Security

Effective July 1st, Network Access Control (NAC) will be enforced on the wireless network to ensure your computer meets minimum security standards. Any PC or Macintosh computer accessing the wireless network is required to have ClearPass OnGuard software installed to check for and enforce the following requirements:

  • Antivirus installed and enabled
  • Automatic system updates enabled
  • A supported Operating System* (Windows Vista or newer; Mac OS X 10.8 or newer)

*OS requirements will not prevent a user from access at this time; however, may inhibit installation of required software, and will be enforced in the near future.

Action is required on your part to ensure these minimum security standards are met. If you do not have an antivirus, we recommend any of the free solutions found here. No action is required for any university or auxiliary owned computer managed by ITSS and System Center. Faculty and Staff logging into an unmanaged computer (not in Casper/SCCM) will be redirected to a web page and prompted for device information prior to being connected. For more information visit www.csuchico.edu/nac.

Mobile devices like iPhones, iPads, Android devices, and others, will not be affected by NAC.

Office 365 for Students

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CSU, Chico students can install Office 365 Education for Students FREE on up to 5 PCs, Macs, or other mobile devices including Android, iPad , and select Windows tablets. For more information, click here. If you are CSU, Chico Faculty/Staff, click here.

Identity Finder

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Identity Finder is now available!

Identity Finder is a software program that searches your campus computer for protected data such as Social Security, bank and credit card numbers. For more information, visit www.csuchico.edu/identityfinder.

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Consumer Loans

Workers Credit Union is here for you through all of life s stages; during financially sound times and challenging times. Whether you need an auto loan for a new car, a personal loan for Massachusetts home repairs, or a line of credit, a consumer loan can help you affordably finance what you need now.

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All Consumer Loans are included in the GiveBack Program.

Call, click, or visit a local Workers branch in Massachusetts to find out what lending options will best suit your financial needs.

Auto Center

We provide auto loans in Massachusetts to finance any new or used vehicle.

If you love your car but hate your loan, you can also refinance your auto loan in Massachusetts.

Click Learn More to see all of Workers MA Auto Loan options.

  • Pre-approval on our Auto Loans are available
  • Financing up to 100%
  • Low rates and affordable payment terms
  • AutoSmart online tool for auto research
  • Auto loan refinance option for current auto loan

Student Loan

When you need to fund the financial gap between federal funding and aid, Workers has affordable Massachusetts Student Loan options. We are committed to helping you find the best student loan option in MA for funding your continuing education.

Workers is partnered with StudentChoice, a program that provides information about colleges, scholarship opportunities and student loans in Massachusetts.

  • Undergraduate Student Loan
  • Graduate Business Student Loan
  • Private Consolidation Loan
  • PLUS Loan Refinancing

To find out more about Workers StudentChoice MA Student Loan options click Learn More .

Credit Cards

Workers offers personal and business Visa and American Express Credit Cards.

  • Visa Signature Bonus Rewards Card
  • Visa Signature Bonus Rewards PLUS Card
  • Cash Rewards American Express Card
  • Travel Rewards American Express Card
  • College Rewards Visa Card
  • Visa Business Bonus Rewards Card

Personal Loans

Consolidate debt, pay off credit cards, fund your wedding day – there are many reasons for a personal loan. Workers can help you accomplish your goals with a competitive rate personal loan.

Workers offers these personal loans:

  • Personal Loan
  • Savings Secured Loan
  • Checking Account Line of Credit
  • Heat Loan

For more information our Massachusetts Personal Loans click Learn More .

Heat Loans

Workers offers a 0% Heat Loan in Massachusetts in conjunction with MassSave to make your home more energy efficient.

Energy-efficient improvements eligible for the MassSave Heat Loan Massachusetts Program:

  • Attic, wall and basement insulation
  • High efficiency heating systems
  • High efficiency domestic hot water systems
  • Solar hot water systems
  • Energy Star qualified windows

Visit MassSave for requirements or our Massachusetts Heat Loan.

*Heat Loans are not included in the GiveBack Program.


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Having trouble repaying student loans?

Consider these simple solutions that may help.

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    Scholarship Sweepstakes

    High school seniors and current college students can enter for a chance to win a $500 scholarship! No purchase necessary. Terms apply.

  • Apply for student loans

    Servicemembers Civil Relief Act (SCRA)

    What protections are available for Servicemembers.

    Education Center

    Paying for college can be a challenge. SunTrust can help navigate the options.

    Before you look into paying for your college expenses, it’s important to know how much money you’ll need. Our money management resources, tools, and budgeting tips can help.

    Use our college tuition guide and step-by-step guide to paying for college for planning advice on how to avoid getting too over-burdened with debt before you’ve earned a degree.

    Before you get a loan, we encourage you to try getting scholarships and grants first. Our list of online resources can help. You can also register for the SunTrust Off to College Scholarship Sweepstakes (see Official Rules for details).

    Tools and Calculators

    • Contact

    SunTrust Education Lending | 1001 Semmes Avenue, Mail Code: RVW 7076 | Richmond, VA 23224

    SunTrust Bank, Member FDIC. 2017 SunTrust Banks, Inc.

    SunTrust and Custom Choice Loan are federally registered service marks of SunTrust Banks, Inc.

    SunTrust recommends comparing all aid alternatives including grants, scholarships, and federal student loans, prior to applying for a private student loan. Before selecting a private student loan, compare options offered by SunTrust.

    Union Federal is a federally registered trademark of Cognition Financial Corporation used by SunTrust Bank under license. The Union Federal Private Student Loan is funded by SunTrust Bank and is not affiliated with any other lender. Certain restrictions and limitations may apply. SunTrust Bank reserves the right to change or discontinue this program without notice. This loan program is subject to approval under the SunTrust credit policy and other criteria and may not be available in certain jurisdictions. SunTrust is a federally registered service mark of SunTrust Banks, Inc. Cognition Financial Corporation is not an affiliate of SunTrust Bank.

    1 Interest rate reductions offered for automatic payment from a bank account: 0.25% interest rate reduction for ACH payment from any bank account and an extra 0.25% interest rate reduction when ACH payments are made from a SunTrust Bank account. ACH interest rate reduction(s) apply when full payments (including both principal and interest) are automatically drafted from a bank account. Interest rate reduction(s) will remain on the account unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the life of the loan. The additional SunTrust Bank account ACH interest rate reduction is available for loans first disbursed on or after 6/1/11 and will be applied after the first automatic payment is successfully deducted from a SunTrust Bank checking, savings or money market account and will be removed for the reasons stated above or if you close your SunTrust Bank account. In the event the benefit(s) is removed, the interest rate stated in the Credit Agreement shall be applied in accordance with the terms of the Credit Agreement.


  • FinAid, Calculators, Loan Calculator, student loan interest calculator.#Student #loan #interest #calculator


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    This Loan Payment Calculator computes an estimate of the size of your monthly loan payments and the annual salary required to manage them without too much financial difficulty. This loan calculator can be used with Federal education loans (Stafford, Perkins and PLUS) and most private student loans. (This student loan calculator can also be used as an auto loan calculator or to calculate your mortgage payments.)

    This loan calculator assumes that the interest rate remains constant throughout the life of the loan. The Federal Stafford Loan has a fixed interest rate of 6.8% and the Federal PLUS loan has a fixed rate of 7.9%. (Perkins loans have a fixed interest rate of 5%.)

    This loan calculator also assumes that the loan will be repaid in equal monthly installments through standard loan amortization (i.e., standard or extended loan repayment). The results will not be accurate for some of the alternate repayment plans, such as graduated repayment and income contingent repayment.

    Loan fees are used to adjust the initial loan balance so that the borrower nets the same amount after the fees are deducted.

    Some educational loans have a minimum monthly payment. Please enter the appropriate figure ($50 for Stafford Loans, $40 for Perkins Loans and $50 for PLUS Loans) in the minimum payment field. Enter a higher figure to see how much money you can save by paying off your debt faster. It will also show you how long it will take to pay off the loan at the higher monthly payment. You can also calculate private student loan eligibility on comparison sites like Credible.

    The questions concerning enrollment status, degree program and total years in college are optional and are designed to evaluate whether the total debt is excessive. The total years in college should include the total number of years in college so far (or projected) corresponding to the loan balance, including previous degrees received.


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    College News

    How to Apply for Financial Aid, Grants, Loans and Scholarships: Start with the FAFSA

    Billions of dollars in grants, loans, and scholarships are available every year at the federal, state and local levels for new and returning college students. To be considered for any type of educational funding the place to begin is online here at the U.S. Department of Education to file your Free Application for Federal Student Aid, also known as the FAFSA.

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    Top Paying College Degree Majors

    Are you a Bachelor degree student wanting to be recruited for a great paying job after graduation? According to a report from the National Association of Colleges and Employers, students with a bachelors degree in one of seven disciplines of Technology and Engineering can expect to be in high demand, and will earn the highest salaries upon graduation. The college degree pay ranking shows the 2013 top eight highest paying degrees are. Continued

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    “You grow up the day you have your first real laugh at yourself.”

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    A new Ford Motor Company website, fordscholars.org, offers new information on Ford scholarships, competitions, volunteer opportunities and career information.

    A new Ford Motor Company website, fordscholars.org, offers new information on Ford scholarships, competitions, volunteer opportunities and career information.

    “The updated Ford Scholar website seems to truly be a wonderful resource, bringing together many tools to help young adults succeed in advancing their career and mature as future leaders. I truly appreciate Ford Scholars’ continued efforts to help educate and empower the many communities that need support,” says Sam Appel, student at Michigan State University and Ford Blue Oval Scholar. Among the projects detailed on the site are Ford Community Corps projects .

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    prosaic (“pro-ZAY-ik'”) adjective origin: from Latin “prosa”, meaning “prose” 1a. Consisting or characteristic of prose. 1b. Matter-of-fact, straightforward. “The ordered elegance of the scene had the charm of an eighteenth-century picture. It reminded you not of Watteau, whose landscapes are so idyllic that they recall only the woodland glens seen in dreams, but of the more prosaic Jean-Baptiste Pater*.” –Somerset Maugham, “Of Human More


    FinAid! Financial Aid, College Scholarships and Student Loans, fafsa student loans.#Fafsa #student #loans


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    The SmartStudent TM Guide

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    Paperwork demystified — find forms and instructions here. Tips on filling out the FAFSA and maximizing eligibility.

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    ‘Ask the Aid Advisor’ for personalized help. Read the financial aid FAQ and glossary for other answers.

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    Dozens of tools for calculating college costs, loan payments, savings, and the expected family contribution (EFC).

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    EduPASS, Financial Aid for International Students, international student loans.#International #student #loans


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    A US education is very expensive. Tuition, room and board at an undergraduate institution will cost from $15,000 to $40,000 a year, depending on the school. A graduate education can be even more expensive.

    There is very little financial aid for foreign nationals to study in the US, with the possible exception of citizens of Canada and Mexico. Most grants, scholarships, and loans from public and private sources are restricted to US citizens.

    As a result, international students will find very little information about financial aid for international students. This site presents more information about financial aid for international students than any other publication. This information originally appeared as part of the FinAid site.

    Below you will find a description of how to access what aid is available, and a discussion of some of the problems you may encounter as you pay for a US education.

    US students interested in obtaining funding for study abroad should see FinAid’s Study Abroad and Foreign Study Programs section.

    The bottom line is that there is very little financial aid available, and many international students do not study in the US because they cannot afford the expense. This is especially true for undergraduate education.


    The Complete Guide to Student Loan Forgiveness for Teachers, Student Loan Hero, student loan forgiveness.#Student #loan #forgiveness


    The Complete Guide to Student Loan Forgiveness for Teachers

    Student loan forgiveness

    Kat Tretina

    Student loan forgiveness

    Teaching is one of the most important professions, but it’s at risk of losing top talent due to low pay and long hours. Approximately 8 percent of teachers leave the field each year, according to the Learning Policy Institute. To compensate, districts would have to hire an additional 145,000 individuals to return schools to their pre-recession teacher-student ratios.

    As of 2017, the average starting salary for a teacher was $38,727, according to PayScale. Education majors have lower salary potential compared to other majors.

    Meanwhile, the average student loan debt for 2016 graduates regardless of major or profession was over $37,000. It’s clear that these numbers don’t favor a teacher’s ability to repay their student loans.

    But there are teacher student loan forgiveness programs from the federal and state government can help.

    It s not easy to sift through all the details of student loan forgiveness for teachers, so we’ve broken it down for you. Here are the options available that will help you dig yourself out of debt.

    Federal Teacher Cancellation for Perkins Loans

    The Federal Perkins Loan program expired in September, 2017. However, if you borrowed money through the program before its expiration date, you might still qualify for Federal Teacher Cancellation for Perkins Loans.

    Requirements: You must teach at least one year and meet one of the below requirements:

    • Teach at a low-income school (click here for a list)
    • Teach special education
    • Teach in mathematics, science, foreign languages, or bilingual education
    • Teach in a field that has a shortage of qualified teachers in your state

    How long it takes: Minimum one full year of teaching. 100 percent Perkins Loan debt cancellation after five years.

    The details: After just one year of teaching, you can have 15 percent of your outstanding Perkins Loans canceled. This continues in varying amounts until you have all Perkins Loan debt canceled after five years.

    To apply, contact the school that holds your Perkins Loans. To learn more about requirements, check out the Federal Student Aid website.

    Teacher Loan Forgiveness

    How much it’s worth: Up to $17,500 towards Direct or Stafford Loans.

    • Teach at a low-income school
    • Have no student loans originating before Oct. 1, 1998
    • Not be in default

    How long it takes: Five complete and consecutive academic years.

    The details: This one s a little more complicated. The amount you can receive is based on your role. There are two tiers for Teacher Loan Forgiveness.

    You can receive up to $5,000 if you’re a full-time elementary teacher or full-time secondary school teacher. But you must be teaching in an area related to your academic major.

    You can receive up to $17,500 if you’re a highly qualified full-time math or science teacher in an eligible secondary school. You can also receive this award if you’re a highly qualified special education teacher if you meet certain requirements.

    To be considered “highly qualified,” you must obtain a full state certification as a teacher or pass the state teacher licensing exam. You must also hold a state license (with a few exceptions).

    Certain exceptions are made if you’re an elementary teacher who holds a bachelor’s degree and can meet other requirements. Visit the Federal Student Aid website for more information.

    Public Service Loan Forgiveness

    How much it’s worth: 100 percent of your Direct Loan balance after 10 years. This amount varies depending on many factors.

    • Must be in certain public sector jobs and employed full-time
    • Must have made 120 payments starting from Oct. 1, 2007
    • Payments must be made as part of certain repayment plans
    • Not be in default

    How long it takes: 120 qualified payments, which takes 10 years.

    The details: This program isn’t just for teachers, although teachers can qualify. With this option, relief is more long-term than the other programs we discuss above.

    This plan typically works best with other types of qualifying repayment plans. For example, you may be able to take advantage of payment plans like Income-Based Repayment (IBR). IBR will lower monthly payments and increase the amount of debt forgiven at the end of 10 years (if any).

    However, if you miss any of the requirements, you’ll end up paying more in interest on your loans. To learn more about requirements, visit the Federal Student Aid website.

    State and city loan forgiveness programs

    These plans vary based on where you live and teach. It’s worth investigating if your state or city offers teacher student loan forgiveness. Some state programs include:

    Arkansas

    Arkansas’ State Teacher Education Program provides up to $3,000 to assist educators with repaying their federal student loans. Eligible individuals must teach in areas with a critical shortage or teach an in-demand subject.

    Click here for more information about the Arkansas State Teacher Education Program.

    Illinois

    For teachers willing to work in low-income areas, the state of Illinois will award up to $5,000 to help individuals pay back their loan debt. To be eligible, teachers must serve five years in a low-income school.

    Click here for more information about the Illinois Teachers Loan Repayment program.

    The state of Iowa offers student loan repayment assistance to Iowa educators teaching in designated shortage areas. For 2016 graduates, the maximum reward is $6,858 or 20 percent of the recipient’s total eligible federal loan balance.

    Click here to learn more about Iowa’s Teacher Loan Forgiveness Program.

    Maine

    Eligible borrowers can have one year of their loan forgiven for each year of eligible service. But the service must be as an educator, speech pathologist, or child care provider. Certain borrowers can have as much as two years of loans forgiven if they work in an underserved area.

    Click here to learn more about Educators For Maine (EFM) Loan Program.

    North Dakota

    The North Dakota University System provides teachers with $1,000 a year in loan forgiveness, up to a $3,000. Teachers must have a full-time position at a grade level or in an institution that is underserved.

    Click here to learn more about North Dakota’s Teacher Shortage Loan Forgiveness Program.

    Mississippi

    Teachers in Mississippi may receive up to $3,000 a year for a maximum of four years to pay their loans. Individuals must work in specific geographic areas or teach certain subjects to be eligible.

    Click here for more information about the Mississippi Teacher Loan Repayment Program.

    Texas

    The Texas Loan Repayment Assistance Program was designed to recruit and retain teachers in areas that have a shortage of educators. Eligible individuals can receive up to $2,500 towards their federal loans.

    Click here for more information about the Texas Loan Repayment Assistance Program.

    Keep in mind, state programs come and go more often than federal programs, so don’t delay if you’re eligible to apply.

    Even though managing student loans on a teacher’s salary can be overwhelming, there is help out there. These programs are designed to make repaying your debt a little easier.


    M State – Applying for Loans, alternative student loans.#Alternative #student #loans


    Applying for Loans

    Complete the FAFSA and return all completed required documents to your M State campus financial aid office. When all required documents are received and processed, you will receive an email notification that your award letter from M State is available online. You must enroll in a minimum of 6 credits during each term of the loan period.

    Federal Direct Subsidized/Unsubsidized: To begin the loan application process, review your award letter at SpartanNet E Services Financial Aid Loans. You will need to specify the amount you wish to borrow and will be required to complete the following prerequirements:

    • Complete Entrance Counseling. Once you have completed loan entrance counseling, the school will be notified electronically that you have successfully completed it.
    • Electronically sign your Master Promissory Note. When electronically signing the Master Promissory Note, please turn off pop-up blockers to enable successful completion.

    Please have the following things ready when you complete your Master Promissory Note.

    • Your Federal Student Aid ID (FSA ID)
    • Your driver s license number
    • Names and addresses of two personal references from two different households.

    If you have problems electronically signing your Master Promissory Note for Direct Loans, assistance can be obtained at Direct Loan Applicant Services at 1-800-557-7394.

    Parent Loan for Undergraduate Students (PLUS)

    • Parent will complete a paper application and sign the electronic Master Promissory Note for PLUS Loan. Parent will need an FSA ID, driver s license number and names and addresses of two personal references from two different households. Once the credit check has been approved and M State has documentation that the parent has signed the Master Promissory Note, the loan will be disbursed following the schedule set by the college.

    Student Educational Loan Fund (SELF)

    • Co-signer completes pre-approval process here.
    • Student completes application and counseling here.
    • Once the loan is approved, money will be applied to the student s college account.

    Responsible Borrowing


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    Alternative Financing With Bad Credit Student Loans

    Whether you like it or not, your credit history takes center stage when it s time to plan your financial aid strategy. If you are a high school student, this may be the first time you ve had to consider the importance of having good credit.

    Understanding credit fundamentals helps you determine your best options for getting much-needed financial-aid, so let s examine the basics.

    Every credit related interaction you engage in has an outcome that affects your credit rating . If you borrow money and pay it back on schedule, your rating will be the better for it. If you have even one late payment, a negative entry serves to lower your rating.

    Your credit score is the summation of all the credit outcomes you have created over the course of your borrowing history. Credit bureaus are tasked with assigning numbers, or scores, to your overall performance. As you apply for certain student aid, your credit score is used by lenders to determine your worthiness for loans.

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    You have specific rights related to credit reporting, as outlined by The Fair Credit Reporting Act (FCRA). Three specific protections ensure that credit applications are handled without bias:

    1. If information contained in your credit report has been used to withhold a loan, the lender is obligated to tell you that it has.
    2. You have a specific right to know what is contained in your credit report.
    3. You have the right to challenge any information contained in your credit report that is not accurate or is incomplete.

    The Fair and Accurate Credit Transaction Act (FACTA) is a legal provision granting you the right to receive free copies of your credit reports from each of the three national credit bureaus, once a year. Get your free report, so you know exactly where you stand – requests are submitted annually to www.annualcreditreport.com. (Remember: you get ONE free report from each one, every year – use it wisely, from the perspective of timing).

    What s wrong with my credit?

    Experian, Equifax, and Transunion are the three primary credit bureaus that analyze your credit history. While responsible credit behavior is always going to impact your credit rating positively, it is not the only metric used to assign your credit score. Some of the criteria used to derive credit scores are inherently biased against college students.

    Credit bureaus want to see longevity and diversity in your credit history. If you are emerging from high school enroute to college, you might not be strong in either area. Three types of credit are examined:

    • Revolving Credit – YourMasterCard or Visa payment record illuminates your ability to manage a revolving account that carries balances across billing periods, and requires timely payments each month.
    • Installment Credit – Loans with fixed payments that are paid back over designated periods of time fall into this category. Mortgages provide the best installment credit references for lenders, because the loans are large and long-held. You probably didn t buy a house during high school, but your steady car loan payments are also installment credit successes.
    • Open Credit – An American Express card is a good example of an open credit line that must be paid in-full each month.

    So even if your credit outcomes have been positive, your limited history might not be sufficient to establish a high credit score. To access funds reserved for people with high credit scores, add a longer frame of reference to your credit application- take on a cosigner.

    Use cosigners to your advantage—to help build your credit. Once you ve made 48 consecutive on-time payments, it s common for your lender to release the cosigner fromthe loan. The student loan you needed a cosigner to secure, now acts as an installment credit success, to raiseyour own credit score.

    If you cannot find someone willing to lend their favorable credit rating to your college funding cause, focus instead on forms of financial aid that don t rely on your past credit performance.

    Federal Student Loans: Perfect Bad Credit Loans

    Federal student loans provideyour best borrowing options without strong credit.The first step toward securing financial aid is to complete the Free Application for Federal Student Aid (FAFSA). The standardized application computes your need for financial assistance during school. Student income, parental income and assets, and the size of your family are used to calculate your Expected Family Contribution (EFC). Your EFC is then used to create an individual Student Aid Report (SAR) that articulates your precise college financial aid needs.

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    Stafford Loans

    Submitting your FAFSA places you in contention for Stafford Loans under the William D. Ford Federal Direct Loan Program. Stafford Loans are categorized as subsidized, or unsubsidized, with different conditions for each.

    • Subsidized Stafford Loans are based on demonstrable financial need, as illustrated by your FAFSA results. As long as you are enrolled in school, your interest payments are subsidized by the Federal Government, so your debt doesn t grow while you are learning.
    • Unsubsidized Stafford Loans are not based on financial need, so interest does accrue while you attend school. You have the option of paying the interest as you go, or letting it ride until you finish school. As your interest is added to your debt, your total repayment obligation grows.

    Stafford Loans are available for undergraduate and graduate studies, with a maximum yearly award of $20,500 per graduate student.

    Parental financial information is included on FAFSA submissions for dependent students. If you apply as an independent student, your parents income is not factored into your Expected Family Contribution (EFC), and your annual Stafford Loan limits are higher.

    Perkins Loans

    Perkins loans are administered by institutions of higher education (IHE), but are federally funded nonetheless. Funds are reserved for students who demonstrate significant need relating to educational financing.Families with annual incomes below $25,000 are usually eligible for Perkins Loans, but your FAFSA should still be submitted, even if your family makes more.

    The maximum annual Perkins loan for undergraduate students is $5500, with a lifetime loan maximum of $27,000. Graduate students may borrow up to $8000 each year, with a $60,000 lifetime maximum. Perkins loans have fixed 5% interest rates and repayment starts 9 months following graduation.

    Private lenders require established good credit to consider you for a loan. If you don t have it, get a cosigner on board to bolster your credit worthiness. Without credit or a cosigner, you are best served by direct federal loans.