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Which of the following does NOT factor into your eligibility for student loans?


When dispersing loans, FAFSA uses cost of attendance and the expected family contribution to determine financial need.

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Which of the following is NOT one of the most common federal student loans?


The most common federal loans are Perkins, PLUS loans, Direct Subsidized, and Unsubsidized.

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Key Takeaways

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Whether you’re returning to school or planning for your child, education can be an important investment. Saving to pay for it can seem challenging, but the right financing and saving strategies can make it much more manageable. Here are some things to remember.


  • One way to help get college costs down is to look for grants or financial aid your child might be eligible for
  • Fill out the FAFSA —Free Application for Federal Student Aid to help a school determine the mix of funding options that are right for you and your family. You can find free help at
  • Given a choice, get subsidized rather than unsubsidized loans—they’ll cost you less over time
  • Determine if your employer offers tuition assistance programs
  • Don’t forget that tuitions costs are rising and will likely continue to increase for the foreseeable future