Information for Students and Parents
The MAFAA.org website is maintained primarily as a resource for the Minnesota financial aid community. We understand, however, that students and parents occasionally reach our website looking for answers regarding financial aid. We have created this page as a resource for basic financial aid information.
We strongly encourage you to contact the financial aid professionals at the school you are interested in attending. These financial aid professionals will assist you in attaining your educational goals.
Useful internet sites:
FastWeb
Financial Aid Search through the Web. This offers a searchable database of more than 180,000 private sector scholarships, fellowships, grants and loans.
Department of Education
This site is the U.S. Department of Education's home page. It contains publications, news, products, search functions, and many more services available to users.
FAFSA on the Web
Students can now apply for student aid over the Internet using the interactive FAFSA on the Web application. . The Web version the FAFSA will make applying for aid easier, faster, and should reduce students’ error rates.
Other resources:
The MAFAA Loan Issues Committee has provided the following resources for students, parents and high school counselors.
- Understanding Financial Aid:
A PowerPoint presentation to help guide students through the financial aid process. - Student Loan Budgeter:
MAFAA has developed a budget calculator to see if a student loan is right for you. - Monthly Payment Chart:
MAFAA has developed a payment chart to compare what possible payments might be for various loan scenarios. - Federal Loan Programs:
MAFAA has developed a synopsis of some federal student loan programs. - Student Loan Payment Calculator:
MAFAA has developed a payment calculator for you.
Last Updated November 14, 2008