为父母
Many Frostburg State 家长s are actively involved in their children's lives, especially when it involves college finances.
To help you be informed about financial aid, we offer this page of information and links that 家长s of Frostburg State 学生s often find useful.
Your Student's 金融援助 Information
We send most of our correspondence regarding 学生s' financial aid directly to 学生s via email. If you want to stay informed and help your 学生 manage their financial aid, there are a few things to know.
Requesting Information About Your Student
FERPA stands for the Family Educational Rights and Privacy Act (1974). This law was designed to protect the privacy of the educational records of 学生s. 由于FERPA的规定, we cannot release any information to anyone other than the 学生 unless the 学生 has completed FSU's Release of Information form giving us permission to release his or her information to that specific individual. This means that in order for a 家长 to call and ask questions about a 学生's financial aid that 家长 must be listed on that 学生's Release of Information form.
Accessing Your Student's Financial Information
In order for a 家长 to call and ask questions about a 学生's financial aid, that 家长 must be listed on that 学生's Release of Information form. A 学生 can complete a Release of Information form by logging into their 爪子 account, selecting "Student Services Center", and completing the Release of Information under the drop down box listed in the "Academics" section of the web page. This Release of Information form expires each June 30, and must be completed again July 1 of every year.
Financial Planning and Tax Benefits for Education
While our office encourages every 学生 to apply for financial aid, we realize that not every 学生 will qualify for need-based grant or academic scholarship funding. FSU understands both the value of higher education and the financial burden placed on families as a result of shouldering the primary responsibility of paying for college. Below you will find resources to help you understand how to save for college, understand the costs associated with college attendance, as well as how to take advantage of any tax incentives offered to 家长s or 学生s who must pay qualified tuition expenses out-of-pocket.
- Prepare for College (with checklists and tips for budgeting)
- 了解大学费用
- 大学储蓄计划
- IRS Benefits for Education Center
Parent PLUS vs 选择贷款s
Our office recommends that 家长s borrow through the 家长PLUS贷款 Program instead of having 学生s borrowing an 选择贷款, 如果可能的话.
Please review the comparison chart to see the differences between each loan program.
| 家长PLUS贷款 | 选择贷款 | |
|---|---|---|
| 负责任的政党 | 家长 | 学生 |
| 担保人 | 没有要求 | 在大多数情况下是必需的 |
| 利率和利率上限 | Low, variable interest rate set annually; 永远不会超过9% |
Low, variable rate set quarterly or monthly; 高于PLUS贷款; 可能达到21% |
| 应计利息 | Accrued interest capitalizes once at final 还款 |
Accrued interest may be capitalized monthly, quarterly, or once at 还款 |
| 贷款付款及条款 | Shorter 还款 term means higher monthly payments but lower finance charges | Longer 还款 term means lower monthly payments but higher finance charges |
| 批准的标准 | Credit check based on federal standards; No debt-to-income ratios or credit scoring |
Based on 学生’s credit history and debt-to-income ratio |
| 申请贷款 | Master Promissory Note is good for 10 years; No annual paperwork to complete |
Must re-apply each year for additional funds |
| 借款上限 | 父母 may borrow up to the cost of education less any financial aid received | Students may borrow up to the full cost of education less financial aid awarded, depending on debt-to-income ratio and co-signer quality |
| 还款 | 父母有责任; 还款 begins 60 days after loan is fully disbursed |
学生有责任心; 还款 can be deferred up to six months after leaving school; A 家长 can act as co-signer |
| 付款的灵活性 | Income-sensitive; Graduated and extended 还款 options are available |
Several payment options are available |
| Payment Deferment Situations | Lender may offer delayed payment options for up to four years through forbearance | No deferment during unemployment or 经济困难; Payment may be deferred while 学生 is 至少有一半时间注册 |
| 支付保险 | Federally insured against death and disability for both the 家长 and the 学生 |
Not federally insured and offer no discharge in the event of disability or death |
| 预付罚款 | 没有提前付款罚款 | 没有提前付款罚款 |
| 整合 | 父母 have the ability to lock into a fixed rate | 贷款 cannot be consolidated |