Student Financial Aid News
+ Federal spending bill on education defeated
+ Would have left education funding at 2005 levels
+ Comments on inflation
+ Massachusetts reallocating grant aid to neediest families at expense of middle income families
+ Neediest make less than $36,000 per year
+ Middle income make between $36,000 and $50,000 per year

Scholarship Update
+ Education is Freedom Scholarship
+ 4 year, $8,000 total award
+ US Citizens
+ Application deadline: January 15, 2006
+ Scholarship detailed page at StudentScholarshipSearch.com

News You Can Use
+ Understanding the EFC Formula
+ Federal Methodology
+ 35 page guide available at FAFSAOnline.com
+ Interesting fact: students can work for up to $2,440 in after tax income without being penalized on the FAFSA
+ Wages after that limit are penalized at a 50% rate!
+ FAFSAonline.com Web Site

Podsafe Music
+ Number One Fan, Christmas is Here
+ i:scintilla, scin
+ Rebecca Loebe, There Tonight
+ Via the Podsafe Music Network

Reminders
+ iPod Nano Contest (plus a secret add on to the contest!)
+ Grace periods ending soon - consolidate now!
+ Student loan consolidation web site
+ Toll-free 877-328-1565

Financial Aid Podcast Show Notes at FinancialAidPodcast.com. The Financial Aid Podcast is a publication of the Student Loan Network.

Questions? Comments? Suggestions? Email me at financialaidpodcast {at} gmail {dot} com or visit http://www.FinancialAidPodcast.com

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