New Jersey Magazine

2015-2016

Going to College in New Jersey. A magazine for college-bound students in New Jersey. Features colleges and universities in New Jersey.

Issue link: http://goingtocollegeinnj.epubxp.com/i/654144

Contents of this Issue

Navigation

Page 74 of 75

hesaa.org —The official statewide website for New Jersey students, families and institutions. Here you will find program and deadline informa- tion, aid applications, tools and calculators, including the TAG Estimator, Real Money 101 resources and links to New Jersey colleges and other great websites. mappingyourfuture.org —Award- winning website sponsored by HESAA, which offers extensive information about college plan- ning, careers, student financial aid, student loans and money management. Mapping Your Future also hosts live chat events with college planning experts. ed.gov —The official website of the U.S. Department of Education with information about federal student aid programs and many links. state.nj.us/highereducation/ — Official website of New Jersey Higher Education, which provides coordination, planning, policy development, and advocacy for the State's higher education system in collaboration with the New Jersey Presidents' Council. njtransfer.org —The website that helps you transfer community college courses in the State of New Jersey. NJTRANSFER was devel- oped as an initiative of New Jersey Higher Education and the New Jersey Presidents' Council. njedge.net —Find out how New Jersey's col- leges and universities give our state a competitive edge in the new economy. Features New Jersey college links, a searchable database of degree pro- grams and NJ Virtual University, an easy-to-use index of distance learning courses at New Jersey institutions. fastweb.com —FastWeb lets students create a personalized profile that can be matched against expansive databases of scholarships. As a free online scholarship matching service, FastWeb has information about more than 800,000 scholar- ships totaling more than $1 billion. FastWeb can also help you choose a college or locate a job. bigfuture.collegeboard.org — This site assists more than seven million students prepare for a successful transition to college. ftc.gov —While there are legitimate services to help college-bound students, it can be hard to know the difference. Protect yourself from scholar- ship scams or financial aid fraud. Visit the Federal Trade Commission online for the latest informa- tion and advisories for consumers. THE TOP COLLEGE RESOURCES ON THE WEB C ontinued from page 10 STUDENT LOANS Millions of students nationwide, including those who receive grants and scholarships, rely on affordable student loans to help pay for their education. There are two primary types of student loans: federal and supplemental. Federal s tudent loans offer fixed interest rates and favorable terms, including the option to defer repayment until you have com- pleted your degree. Federal loans include the Direct Loan for students, the Federal PLUS loan for parents and the Federal PLUS loan for graduate and professional students. Students may borrow Direct Loans regardless of financial need; how- ever, those with need may receive a sub- sidized loan. With a subsidized loan, the federal government will pay the interest that accumulates on the loan while you are enrolled in college, for a short period after you graduate (grace period), and during periods of authorized deferment. For unsubsidized Direct Loans and Federal PLUS loans, interest is the responsibility of the borrower. HESAA makes supplemental loans available to undergraduate and graduate borrowers through the NJCLASS (New Jersey College Loans to Assist State Students) program after eligibility for all other forms of financial aid has been exhausted. NJCLASS is one of the most affordable supplemental student loans in the country and has specific eligibility r equirements. A borrower must meet both income and creditworthiness requirements, or have a creditworthy cosigner. A popular choice among college- bound students, NJCLASS can be used to pay a portion of the tuition or the entire cost of college. New Jersey resi- d ents can use NJCLASS to attend any approved college in the nation. Non-New Jersey residents attending a New Jersey college can also use NJCLASS. n How to Apply NJCLASS loans can be easily obtained by completing the online loan application. The application can be found on the HESAA website, www.hesaa.org or www.njclass.org. For more information, call HESAA at 609-584-4480. BORROW WISELY College costs are rising and more stu- dents are turning to loans to pay for edu- cational expenses. Borrowing may be a necessity, but students are advised to borrow as little as possible. Borrowing should be a last resort after all student aid is exhausted. Student loans can help you achieve your educational goals, but don't over-borrow. Student loans are debts that must be repaid. Plan in advance for repayment. Determining your potential debt and your expected income allows you to make responsible financial choices about your future. 75 GOING TO COLLEGE IN NEW JERSEY • WWW.HESAA.ORG • 1-609-584-4480 Y E A R L Y M A X I M U M T A G A W A R D S * TYPE OF SCHOOL FULL-TIME MAXIMUM AWARD County college . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$2,628 State college or university . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$6,958 Rowan University . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$7,922 Rutgers, The State University of NJ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$9,284 NJ Institute of Technology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$10,772 Non-public college or university . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$12,196 If you would like an idea of how much TAG you might receive, check out the TAG Estimator, one of HESAA's online college planning tools. Visit www.hesaa.org. *Based on 2015-16 award values.

Articles in this issue

Links on this page

view archives of New Jersey Magazine - 2015-2016