Financial Assistance Programs

Low-Interest Student Loans

(Federal Perkins Loan Program 84.038)
Low-interest loans are available to eligible post-secondary students with demonstrated financial need to help meet educational expenses. To apply, contact the Financial Aid office of the school you attend or plan to attend. A student Financial Aid Handbook is available, as well as a list of grantee institutions by contacting the Federal Student Aid Information Center, P.O. Box 84, Washington, DC 20044; 800-433-3242; TTY: 800-730-8913. Contact the Division of Policy Development Student Financial Assistance Programs, Office of Assistant Secretary for Postsecondary Education, U.S. Department of Education, 400 Maryland Ave., SW, Washington, DC 20202-5446; 800-433-3242; Continue reading

Join the Club and Get a Home For 500 Down

HomeFree USA features financial assistance programs as well as education, referral and counseling services for prospective buyers in the metropolitan Washington area. Membership is required for participation in programs. Members have access to a variety of financial aid packages related to homeownership, including money for downpayments, closing costs and access to special money-saving mortgage programs. HomeFree offers a mortgage plan requiring $500 down and closing cost grants that do not need to be repaid. Also offered to members are assistance with credit, debt, and tax issues, counseling on savings, debt and budgeting, access to a number of mortgage professionals, assistance in applying for a mortgage, classes in smart homeownership, and step-by-step counseling to make sure the member’s financial interests are protected in the home buying process. Contact: HomeFreeUSA, 318 Riggs Road, N.E., Washington, D.C. 20011. Phone: (202) 526-2000 or (800) 289-4632; fax: (202) 526-4072

Visit: www.homefreeusa.org

Work-Study Program Pays for School

(Federal Work-Study Program 84.033)
Part-time employment is available to students to help meet education expenses. This program pays an hourly wage to undergraduates. Graduate students may be paid by the hour or may receive a salary. A Student Financial Aid Handbook is available, as is a list of grantee institutions, by contacting Federal Student Aid Information Center, P.O. Box 84, Washington, DC 20044; 800-433-3243. Contact the Division of Policy Development, Student Financial Assistance Programs, Office of Assistant Secretary for Postsecondary Education, 400 Maryland Ave., SW, Washington, DC 20202; 800-443-3243; Continue reading