Government+Loans

= = = = =Government Financial Aid=


 * 1) Types of Financial Aid
 * 2) Government Aid
 * 3) Regional Government Aid

//"To care for him who shall have borne the battle, and for his widow, and his orphan" - Abraham Lincoln// //"We're dealing with veterans, not procedures, with their problems, not ours." - Omar Bradley (1947)// ** SAME ** November 15, 2011 Society of American Military Engineers Guam Post Application Deadline: December 16, 2011 by 5:00 p.m. The Guam Post of the Society of American Military Engineers (//SAME//) is currently accepting applications for its 2011/2012 Mid-Year Charlie Corn Scholarship. Here is the [|link] in which you can gather further information. **SAME GUAM** is offering $2,000-$3500 scholarships for: **1)** High school seniors planning to pursue a full-time undergraduate technical degree at a university with an accredited engineering or architecture program in the Fall of 2011, or **2)** A current Engineering or Architecture Major enrolled at a university with an accredited program. **Applications must be received by April 29, 2011**. The scholarship committee will review the applications and notify the winners in May. The awards will be presented to the winners during the monthly SAME luncheon in May. Please see the scholarship application for full requirements and contact information. For more information or to request a scholarship application, please contact Scholarships Director Tor Gudmundsen at admin@tg-engr.com.
 * Here is University of Guam's [|page]on SAME.
 * Guam's official website on SAME is listed [|here].

**History of the G.I. Bill**
In 1944, President Franklin Delano Roosevelt signed into law, the G.I. Bill of Rights, also known as the //Serviceman’s Readjustment Act//. The original G.I. Bill provided and guaranteed veterans:
 * $300 in “mustering out” pay
 * Financial assistance for higher education and training
 * <span style="font-family: 'Times New Roman',Times,serif;">A weekly unemployment allowance of $20 for 52 weeks
 * <span style="font-family: 'Times New Roman',Times,serif;">Federally-guaranteed loans of up to $2,000 at four percent interest

<span style="font-family: 'Times New Roman',Times,serif;">**Guam G.I. Bill Tuition and** **Requirements**
<span style="-webkit-text-decorations-in-effect: underline; font-family: 'Times New Roman',Times,serif;">How can I qualify for the G.I. Bill ? <span style="font-family: 'Times New Roman',Times,serif;">If student is a non-resident, he/she will be charged higher tuition than resident students. Proving tuition greatly depends upon residential status. <span style="font-family: 'Times New Roman',Times,serif;">Active-duty military personnel and their dependents can receive resident tuition while stationed <span style="font-family: 'Times New Roman',Times,serif;">on Guam. Others,see the registrar at your school, for it determines residency based on evidence that you have made Guam your permanent home for at least 12 months prior to the beginning of the term. <span style="font-family: 'Times New Roman',Times,serif;">Got more questions? Seek answers [|here]

<span style="font-family: 'Times New Roman',Times,serif;">[|Veterans Affairs (V.A)]
<span style="font-family: 'Times New Roman',Times,serif;">A //VA loan// is a mortgage loan offered by the United States, granted by the U.S. Department of Affairs. A person may be able to qualify if he/she meets the requirements. It is designed to cater towards surviving veterans and their spouses, but this is provided if they do not remarry. Under the //VA Student Loan Repayment Program//, you may be eligible to receive up to $10,000 per year, with a lifetime maximum of $60,000, to help you repay your student loans. <span style="font-family: 'Times New Roman',Times,serif;">As for //tuition repayment//: Employees may qualify for monetary awards to help them medical training or to pay back their student loans. From physicians and dietitians to medical records technicians, the Employee Incentive Scholarship Program or the Education Reduction Repayment Program, may be available to assist with the cost of furthering your medical education. VA can pay or reimburse employees for all or a part of the necessary expenses for job-related training. This includes tuition, books, supplies, and travel.
 * <span style="font-family: 'Times New Roman',Times,serif;">Employee Incentive Scholarship Program (EISP) Earn a scholarship to pursue a degree or training in health care disciplines in which recruitment/retention is difficult. You must work in a full-time VA position for a period of 1-3 years to qualify.
 * <span style="font-family: 'Times New Roman',Times,serif;">Education Reduction Repayment Plan (ERRP) Reduce your debt with a VA loan of up to $45,364. To qualify, you must be appointed to a position providing direct patient care services or services incident to direct patient care.

<span style="font-family: 'Times New Roman',Times,serif;">[|Federal Perkins Loan Program]
<span style="font-family: 'Times New Roman',Times,serif;">A Federal Perkins Loan is a low interest Federal Student Loan (consisting of 5%). This is geared towards students with exceptional financial aid.This loan is made through a school's financial aid office. A student's school is your lender, and the loan is made with government funds. Once finished, the student must repay the school itself. The loan is diffused into two seperate payments during the academic period.

<span style="font-family: 'Times New Roman',Times,serif;">[|Perkins Loan Borrowing Limits]
<span style="font-family: 'Times New Roman',Times,serif;">Depending on when you apply, your level of need and the school's funding level, you can borrow up to:
 * <span style="font-family: 'Times New Roman',Times,serif;">$4,000 for each year of undergraduate study (the total amount you can borrow as an undergraduate is $27,500).
 * <span style="font-family: 'Times New Roman',Times,serif;">$8,000 for each year of graduate or professional study (the total amount you can borrow as a graduate/ professional student is $60,000, including any Federal Perkins Loans you borrowed as an undergraduate)