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American Student Assistance was founded in 1956 under the name Massachusetts Higher Education Assistance Corporation (MHEAC).The organization began when a group of people approached Massachusetts local businesses for philanthropic donations with the idea of creating a pool of money to guarantee loans for higher education. [1]
Educational Credit Management Corporation (ECMC) is a United States nonprofit corporation based in Minnesota. Since 1994, ECMC has operated in the areas of student loan bankruptcy management and loan collection. ECMC is one of a number of guaranty agencies that oversee student loans for the United States Department of Education. As a guarantor ...
Kiva's mission is "to expand financial access to help underserved communities thrive." [ 4 ] Kiva distributes funds that it receives to microfinance institutions, social impact businesses, schools or non-profit organizations [ 5 ] [ 6 ] and does not generally directly provide funds to specific individuals. [ 7 ]
With the new year just around the corner, many Americans are starting to ponder about money resolutions. And for some of them, there is another factor to take into consideration. Indeed, the...
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If the EFC is less than the cost of attending a college, the student has a financial need (as the term is used in the U.S. financial aid system). Students can file an appeal with their college financial aid office to seek additional financial aid, though the information about the process is not always clear or available online.
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