Parents should also apply for a PIN from the United States Department of Education (USDE) as it serves as the parent electronic signature for completing the Free Application for Federal Student Aid (FAFSA) on the web. Go to www.pin.ed.gov to request your PIN now. Your PIN will be e-mailed to you almost immediately if you provide them with an e-mail address. If you do not provide an e-mail address, your PIN will arrive in the mail in approximately 7-10 days from your request. Watch for it. Remember, your PIN is your Personal Identification Number and SHOULD NOT be shared with anyone. It also is your electronic signature, so DO NOT share your PIN with anyone!
PINs may be used for the following:
If students’ schedules allow them time to work, we encourage it for many reasons. For starters, part time work can help pay for educational expenses. This, in turn, can help reduce the need for students to borrow money. Most work experiences provide learning opportunities, which can broaden their horizons and future work opportunities. Work experiences provide a sense of belonging to the community. Chadron State College provides many student employment opportunities, and the Chadron community does as well.
Did you know that over 65% of all students graduate with some student loan debt? The national average debt among student loan borrowers is now $19,237. The average debt for a CSC graduate is $12,300 much lower than the national average making college affordable and making repayment much more manageable. The amount of debt a student may incur at CSC may be much lower than it would be to purchase a new car. Vehicles tend to depreciate, however, your education will always be working for you, it appreciates over time. Here are some tips on managing your student loan debt.
Applying for financial aid is an annual event. Be prepared for it.
Federal PLUS Loan - This federally funded Parent Loan for Undergraduate Students (PLUS) is available for parents of dependent undergraduate students. Parents may borrow up to the total cost of attendance less any other financial aid. Proceeds are to be used for educational expenses.
Repayment begins within 60 days after the second disbursement is made. However, interest begins to accrue on the date the first disbursement is made. Minimum monthly payments are $50. The borrower may be allowed up to 10 years to repay the loan. The interest rate is fixed at 7.90% for Federal Direct Loans.
Under the provisions of the Federal Family Educational Rights and Privacy Act of 1974, college records cannot be released to anyone other than the student without the student’s approval. If your son or daughter chooses to have college information released to someone other than him/ her, an Authorization for Access to Student Educational Records Release Form needs to be completed.
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