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TYPES OF FINANCIAL AID

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BY THE NUMBERS

BY THE NUMBERS

BORROWED

MONEY

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LOANS Loan money must be repaid. For that reason, we encourage you to look at all your other options first and borrow only what is needed. Our students were disbursed more then $6.9 million in loans last year.

Reynolds participates in the William D. Ford Federal Direct Loan Program, offered through the Department of Education. Federal Stafford loans are low-interest, long-term loans. In addition, parental loans and private loans may also be available. Visit reynolds.edu/financialaid and click on Types of Aid to get started.

SMART LOAN CHOICES TODAY

ADVICE ABOUT LOANS

Do not borrow if you don’t have to.

If you need to borrow, borrow only what you need.

Stay in contact with your student loan service provider to stay on top of what you owe. Find out who your provider is by going online to studentaid.gov.

One-time repayment will help you establish a good credit rating, so be sure to explore your repayment options.

LESS DEBT AND FINANCIAL FREEDOM TOMORROW

The Free Application for Federal Student Aid (FAFSA) is the form you need to fill out to get any financial aid from the federal government to help pay for college. Submitting the FAFSA is the most important thing you can do if you need financial aid. Reynolds uses the FAFSA to determine which students get financial aid—and how much they’ll get.

The FAFSA is free—you should not pay anyone to prepare it for you. You need to submit a new FAFSA before each academic year in which you want to get aid. If you plan to apply for aid throughout college, you will need to fill out the FAFSA each year. Be sure to use a permanent email address on the form, not your high school email, so you can use your FAFSA account throughout college.

If you are not ready to apply for financial aid but need to estimate your aid so you can plan ahead, use the FAFSA4caster tool at studentaid.gov/understand-aid/estimate. It takes less than five minutes to use the free financial aid calculator. You will need to know your adjusted gross income from you or your parent’s most recent tax return and the cost of attendance of the school you plan to attend. Check reynolds.edu/tuition for the current rate.

APPLY ANNUALLY

Student must file a FAFSA each year in order to determine eligibility for financial aid. Apply online at studentaid.gov.

APPLY EARLY You can apply for financial aid through FAFSA as early as

Oct. 1 of the year before you plan to enroll.

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