FAP760: 3 Things You Must Know From Your Financial Aid Award Letter Listen now: Student Financial Aid News + Inside Higher Ed: It probably won’t surprise too many people that a new federal report shows sizable increases in borrowing of federal loans by undergraduate students. But the extent of the borrowing, and the changes in who is borrowing and the kinds of loans they are taking, may well open some eyes, at a time when policy makers are intensely focused on student debt and the availability of loans. + Students at for-profit institutions were likeliest to borrow. + Middle income students are seeing the sharpest increase in borrowing. + More and more borrowers are borrowing as much as they can in federally backed loans. + More students are borrowing. + Most of that increase resulted from growth in borrowing of unsubsidized loans. + Announcing new affiliate partner ING Direct and the FDIC savings account + www.FinancialAidPodcast.com/ing Scholarship Update + Si TV wants to know if you’ve got what it takes to be a style reporter. Submit a photo of your best outfit and tell us about your style inspiration, where you like to shop and why you’re the ideal choice for Si TV. Don’t forget to visit SiTV.com and sign-up by selecting “Brickfish” from the “How did you hear about us?” dropdown for your chance to win a $400 Apple Store gift card. Bring on the Latin heat and show SiTV.com your sizzle! All entries must be original, must be of entrant and include a detailed description. Blogs must be no more than 1,000 words. Legal Notice: No purchase necessary. Open to anyone who is a resident of the 50 United States or the District of Columbia, has access to the Internet, and is 18 or older at the time of entry + Details at our free college scholarship search site Financial Aid 101 + How to read financial aid award letters + 1. Determine what financial aid you’ve received. + 2. Determine what financial aid is scholarship or grant money and what financial aid is loan money that must be repaid. + 3. Determine if there’s still unmet need that you must cover out of pocket or with alternative student loans or other sources of funding. Did you enjoy today’s show? If so, please consider subscribing for free to get it delivered to you . Subscribing for free means you don’t have to remember to download it every day. + + + Direct MP3 file download: Click here to download the MP3 Reminders + + Financial Aid Podcast Show Notes at FinancialAidPodcast.com. + Free scholarship search secrets eBook at StudentScholarshipSearch.com/ebook + Open an FDIC-insured savings account today! + Private student loans available at any time - visit AlternativeStudentLoan.com + Student credit card information at StudentPlatinum.com + FAFSA form tutorials and free help at FAFSAonline.com + Grad student? Get graduate financial aid information at the GradLoans.com blog! + Stafford federal student loans at StaffordLoan.com + The Financial Aid Podcast is a publication of the Student Loan Network. I want to hear from you! Email me at financialaidpodcast {at} gmail {dot} com, visit http://www.FinancialAidPodcast.com, or call 206-350-1208. Technorati Tags: financial aid financialaidpodcast ShareThis Less