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Working adults and parents enjoy financial aid for tuition and expenses at institutions like: The student loan market is no longer an exclusive realm for recently-graduated high schoolers hoping to become undergraduate college students.Non-traditional students have access to many of the same large-scale student assistance programs that other undergraduates rely on, as well as a stable of resources that specifically target returning students and single parents.Your Master Promissory Note forges a legal agreement between you and your lender, which establishes your commitment to pay the money back – with interest.Each student loan program carries its own unique eligibility requirements and repayment conditions.Currently, it is a government sponsored enterprise whose main purpose is to ensure the availability of money for mortgage lenders so that affordable home ownership is possible for as many people as possible.Only mortgage companies are supported by it; home loans are not offered by Fannie Mae.Your Other Loan Options There are several student loan options from which you may choose from.The first option you should explore is the federally administered student loans.

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Scholarships and grants are always the preferred form of financial aid as they do not require repayment, and can be considered free money.Economic shifts and the globalization of the workforce have contributed to a re-tooling trend among older students who are engaging in post-secondary education.Adults who are retraining to launch second careers are increasingly recognized by scholarships, grants and loans for single parents returning to college.Until recently, non-traditional college students have been forced to fend for themselves in a college assistance arena that favors recent high-school graduates.But modern social trends are creating a greater need for educational support among college students who are returning to higher education after an absence.Single parents represent a substantial subset of the college student body, so this non-traditional student group is starting to get more attention from scholarship underwriters.

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