Financial Aid

Here's what PHEAA has to say: Facts on Student Loans Students, families, and borrowers have told us that recent media articles covering our decision to temporarily suspend our lending activities are alarming. Many feel this means PHEAA is no longer involved in providing student loans and funding through the Pennsylvania State Grant and Special Programs. Nothing could be farther from the truth. Here are some basic facts to help you understand. What is happening? PHEAA has decided to temporarily suspend acting as a lender in the Federal Family Educational Loan Program (FFELP). This includes Stafford, Parent PLUS, Graduate PLUS, and Consolidation loans. PHEAA is still committed, as we have been for 44 years, to serve the financial aid needs for Pennsylvanians and other students from around the country. Currently, for the 2007-2008 academic year, over 200 lenders continue to participate in our low-cost KeystoneBEST student loan program and we remain committed to meeting the borrowing n...

College is expensive. Any way you look at it there is a substantial investment reequired on someone's part to get a degree. We've discussed several ways in which to go about paying for college on this site and most of those options require some action and savings program. What if you could help the process along just by living your everyday life? Curious? Of Course! For those of you that haven't heard about it, Upromise is the way that students and parents save for college without putting money away. Here's how it works: Upromise partners with companies like McDonalds and ExxonMobil who reward you for using their services by putting money into an account every time you buy a Big Mac or go get gas. How cool is that? For your free account follow this link.

You hear all this buzz about 529 plans and today I thought that I would take some time and discuss this great savings tool. This plan (named after section 529 of the IRS code) enables you to set aside money on a tax-free basis! Check out the benefits here.