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Q: What has a 5 interest rate for undergraduates with exceptional financial need?
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What are pell grants usually used for?

Pell Grants provide money for tuition and academic expenses to college students. They are funded by the U.S. Department of Education and are intended for those with financial need. They do not need to be paid back.


What government loans are available for students?

There are actually many government loans that are available for students. These include the Stafford Loan and the Perkins Loan, both for students in exceptional financial need.


What kind of financial certifications do I need to buy a house ?

You do not need any special financial certifications to just buy a house. A good credit score will help though as it will help you qualify for a lower interest rate.


Do you work based on your interest?

You can work based on your interests and you will likely be happier for it, but most people work based on their financial need.


What is a Perkins loan and what is a Stafford loan?

From the research that I have done I have found that they are both student aid loans. The Perkins loan is mainly based on need, where as the Stafford loan is one that almost anyone can apply for. You can find out additional information on these loans either online or by speaking with your admissions officer.


What lenders will refinance a house that is for sale?

Lenders will usually want to know the financial state of the buyers. Only in exceptional circumstances will a seller need to re-finance a house shortly before sale.