SAFRA: What's In It For You?
More Help Covering College Tuition and Expenses- Higher Pell Grant scholarship of $5,550 in 2010 and $6,900 in 2019.
About 6 million students received the Pell Grant scholarship in 2007-2008.
- Lower interest rates on need-based (subsidized) federal student loans.
Nationwide about 5.5 million students borrow these loans each year.
- More access to Perkins loan program by expanding it to every U.S. college campus.
Last year approximately 495,000 students received a Perkins Loan.
- Shorter, simpler FAFSA form that makes applying for financial aid easier.
In 2003-2004, over 1.5 million college students who likely were eligible to receive Pell Grants didn’t apply for financial aid because they found the FAFSA form too confusing.
Better Opportunities to Prepare for Good Jobs
- New college access and completion programs to help you stay in school and graduate.
- Innovative partnerships between colleges, businesses and job training programs to help you get the real-world experience and skills you need to be ready for the jobs of the future.
- Free, high-quality, online training and high school and college courses.
Financial Aid Programs That Are Worry-Free and Operate In Your Best Interest
- Gives you the peace of mind of knowing that your federal student loans are stable.
- Removes any potential for conflicts of interest between lenders and colleges.
- Guarantees you the best customer service available when you repay your student loans.