Russ Van Arsdale was in for Consumer Contact, to tell us about how to avoid student aid scams and to provide resources where interested parents and students can find information on how to sign up for the Free application for Federal Student Aid.
The first resource Russ talked about is the Free Application for Federal Student Aid. You can find information and how to apply at their website, fafsa.ed.gov . He suggests that you apply early, since there is only a certain amount of money each applicant shares. Waiting for the March deadline lowers your chances at how much aid you can qualify for.
The Finance Authority of Maine is another great resource to help teens and parents understand financial aid. You can visit their website at famemaine.com. FAME holds a series of meetings around the state that help people with filing out their FAFSA and other question or concerns about how to obtain financial aid.
The state's Bureau of Consumer Credit Protection also has released a booklet on information about student loans called "Downeaster Common Sense Guide to Student Loans." You can read this publication online at www.credit.maine.gov and click on Consumer Guides. The booklet is also available by writing the Bureau of Consumer Credit Protection. Their address is 35 State House Station, Augusta, ME 04333-0035 or by calling 1-800-332-8529.
If you'd like to add your voice to consumer matters in our area, or just have a question, drop Northeast Contact a line at:
P.O. Box 486
Brewer, ME 04412
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