The UCM Short Term Loan Program is Available to Assist Students Who Need Financial Help $500 or Less Form
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People also ask
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Which financial aid is based on a student's financial need and usually doesn't need to be paid back?
A grant is a form of financial aid that doesn't have to be repaid (unless, for example, you withdraw from school and owe a refund, or you receive a TEACH Grant and don't complete your service obligation).
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Is a federal loan available to graduate or professional students?
The U.S. Department of Education makes Direct PLUS Loans to eligible graduate or professional students through schools participating in the Direct Loan Program. (We also offer Parent PLUS loans.) A Direct PLUS Loan is commonly referred to as a grad PLUS loan when made to a graduate or professional student.
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What is the fafsa code for UCM?
Completing the Free Application for Federal Student Aid (FAFSA) gives you access to the largest source of financial aid available to help you pay for your educational needs. You should also add UCM's code 002454 so we receive your information.
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What is the graduate plus loan?
The Federal Direct Graduate PLUS Loan is a fixed interest supplemental loan program that enables graduate students to borrow directly from the U.S. Department of Education to help pay for their educational expenses.
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What kind of loans can graduate students get?
Grad students can apply for federal and private loans. Federal loans are funded by the federal government, and you apply for Federal Direct Loans and Direct Graduate PLUS Loans by filling out a FAFSA®.
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What is a loan available to graduate and professional students to help pay for educational expense that exceed federal student loan program caps?
Direct PLUS loans can help pay for education expenses not covered by other financial aid. The U.S. Department of Education makes Direct PLUS Loans to eligible graduate or professional students through schools participating in the Direct Loan Program.
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What is a loan that the federal government funds and makes available to students?
Types of federal student loans Direct Subsidized Loans. Direct Unsubsidized Loans. Direct PLUS Loans, of which there are two types: Grad PLUS Loans for graduate and professional students, as well as loans that can be issued to a student's parents, also known as Parent PLUS Loans.
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What is the name of the student loan lender for the direct loan program?
The U.S. Department of Education (ED) offers Direct Loans through the William D. Ford Federal Direct Loan (Direct Loan) Program. There are three types of Direct Loans that can help students and parents pay for education after high school.
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