Understanding Financial Aid: Unsubsidized Federal Direct Loan

May 08 2019 | posted by Meghan Bellavance | categories:

Acceptance into college is a happy time with students breathing a sigh of relief that they got their first choice, maybe second or even that they’re going at all. Maybe a student is pursuing a dream that doesn’t just involve textbooks and term papers, but pots and pans in culinary school. But with the decision to pursue a culinary education comes the question of how to pay for it. According to statistics, some 20 million Americans go to college each year and about 12% of them — or about 2.4 million — pay their tuition through borrowing. Student loan options are plentiful and one of the most common choices is an unsubsidized federal direct loan. Another option for parents borrowing on behalf of their child in college is the Parent PLUS Loan. What is an unsubsidized federal Direct loan? An unsubsidized federal direct loan is an option for college students to cover the cost of tuition at a variety of schooling paths: four-year college or university, a community college or junior college, trade, career or technical school (i.e. financial aid for culinary school). The loan comes from the U.S. Department of Education for schools and students that are eligible. Just like any loan, the money must be paid back but an unsubsidized loan begins to accrue interest while the student is still in college. Subsidized loans, on the other hand, don’t collect interest during that period because the government pays the interest. How do I get an unsubsidized federal Direct loan? While some loan programs depend on the student’s income, unsubsidized loans can be borrowed depending on how much money a student makes. Unsubsidized loans can also be used for the undergraduate and graduate level; there is no time limit in place for how long college students can get an unsubsidized loan. You can receive an unsubsidized federal Direct loan each academic year. To be an eligible borrower, a student needs to: ?     Enroll at least half-time in a degree or certificate program at a school that is participating in the Direct Loan program ?     Complete and file the Free Application for Federal Student Aid (FAFSA). Your school will use this information to determine how much you could receive from the Direct Loan program. How much can I get through an unsubsidized federal Direct loan? The annual loan limits are: ?     Freshman Year: No more than $5,500 ?     Sophomore Year: No more than $6,500 ?     Junior or Senior Year: No more than $7,500 ?     Professional or Graduate Student: No more than $20,500 What about a Parent Direct Plus Loan? There are options for parents to take out Direct loans to pay for their children’s college education. To be eligible to secure a Parent Plus loan, the parent must: ?     Be the parent (whether biological, adoptive or step parent) of a dependent undergraduate student who is enrolled at least half-time at a school that is participating in the Direct Loan program. ?     Have a child who completes and files a FAFSA. ?     Have a child who meets the bare minimum for financial need. ?     Have a cosigner who is not the student if they have a bad credit history.   What if my parents can’t get a Direct Plus Loan and I need more money? Students whose parents are denied the Parent Plus loan may be eligible to receive an additional funds from an unsubsidized federal Direct loan. When do I have to pay an unsubsidized federal Direct loan back? The first thing to understand is that if you take out a loan, you will have to pay it back. An unsubsidized federal Direct loan is not a scholarship, grant or gift for which you are no longer responsible. You can start repaying your loan when the payment is fully disbursed and that can be either after the academic year you needed the loan or, if you needed loans during your entire school career, after graduation. However, you may place your repayment on deferment for six months after you stop going to school at least half-time. Is this loan a good option? If you thoroughly research your options and make solid plans for repayment, the unsubsidized federal Direct loan can be a sound choice to help finance your education. If you still need more information Contact us via email at [email protected]

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Culinary Arts School Prepares You for Exciting Careers

Aug 08 2017 | posted by Meghan Bellavance | categories: Uncategorized

If you are serious about pursuing a career in the culinary world, you need to make sure that you are taking advantage of the very best culinary education possible – and not just because you’ll need the foundational skills and information that a degree from one of these prestigious culinary arts programs can provide! There are a number of different reasons why the right culinary arts school program (or the decision to attend one specific culinary institute over a number) can have a transformative impact on the culinary jobs you are able to take advantage of immediately after graduation – and for the rest of your career, for that matter – so do not take this kind of decision lightly. This quick primer gives you the insider information you need to better understand the overall value of a high quality culinary education! Understand the value of a high quality culinary education Obviously, long before you start to think about pursuing any type of culinary career or taking advantage of any culinary jobs, you’re going to need to have a foundational education in the culinary arts. This goes far beyond being able to boil water, crank out a dish from a recipe, or figure out how to pair different foods with different drinks to come up with an innovative menu. When you attend a high quality culinary school (like the New England Culinary Institute), you are going to learn absolutely EVERYTHING there is to know about the culinary world. You are going to learn the tactical skills you’ll need to become a professional chef or cook, you’re going to learn the in-depth theory behind numerous cooking methods, and you’re going to get real practice in each and every one of these steps along the way so that you can ingrain these abilities and information. By the time you are finished, you’ll be able to pursue just about any of the culinary careers out there, thanks to the formative education you’ve taken advantage of. A world of career options opens up with the right degree Secondly (and maybe more importantly), a degree from the right culinary arts school or culinary program can open up a world of culinary careers and culinary jobs that you would not have had access to otherwise. Schools like the New England Culinary Institute (and a handful of others) are incredibly well connected and revered in the culinary industry, with alumni programs and other connections can open doors at businesses, restaurants, and culinary positions that aren’t going to be available to “mere mortals”. This means you’ll be able to jump start any of the culinary careers you decide to pursue after graduation just by tapping into this dedicated alumni network and networking opportunity. You can’t put a price on this kind of advantage! Always make the best decision for your culinary career moving forward Lastly, you’ll want to make sure that you are always looking towards the future when it comes time to pursue your culinary education. Before you attend your first class you’ll want to be thinking about the jobs you can get with a culinary school education, and really trying to understand your life immediately after graduation, a handful of years after graduation, and maybe 10 or 15 years down the road from there. This kind of long-term perspective will definitely help you choose the right culinary program for your schooling, the right kind of degrees to support the culinary careers or culinary jobs you hope to work, and the right moves to make as you begin culinary life.

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Beginning Your Career in Hospitality Management

Aug 08 2017 | posted by Meghan Bellavance | categories: UncategorizedUncategorized

One of the few “recession proof” industries on the planet, food services and the restaurant business are almost always on the lookout for high quality restaurant managers that can come in, take over an operation, and whip things into shape in record time – creating a restaurant that functions like a finely engineered Swiss watch, and one that is profitable as well! Think you have what it takes to pursue a career in restaurant management? If you have been seriously considering jumping headfirst into the world of becoming a restaurant manager, you have to know that you are going to need to be one of the “rare few” that actually has what it takes to get the job done right – and enjoy it! Truth be told, there is a lot of stress and pressure placed upon those that have successfully completed a restaurant management training program or received their restaurant management degree from a high quality culinary institution (like the New England Culinary Institute, for example). However, the rewards of becoming one of these elite restaurant managers are absolutely off the charts. You’ll have the ability to pilot your own course for your career, have the pick of the litter when it comes time to take advantage of different job opportunities, and command a fantastic amount of money (and no small amount of respect) all at the exact same time! Here are just a couple of things you’ll want to think about when it comes time to start on the path to becoming a restaurant manager! The first step is attending a high quality restaurant management school The very first thing you’re going to want to do is determine which of the restaurant management school opportunities you want to attend. Almost all culinary institutes (including the New England Culinary Institute) offer culinary management degree programs and some form or another of restaurant management training for all of their students – and that’s probably going to be your best bet when you’re looking to get the foundation of your education taken care of. At the same time, it’s not a bad idea to think about taking advantage of specialty restaurant management training programs that may be available in your local area. These programs are usually run by restaurant managers in their downtime (what little they have of it), and can give you a real look into the life of a restaurant manager before you take the plunge. These kinds of restaurant management training programs are worth their weight in gold! Really take a good, long, hard look at your skills and abilities You’re going to need to make sure that you have the necessary skills and abilities to really excel in the world of restaurant management. For one thing, you are going to have to juggle the real life stress and pressure of running a successful  restaurant. That’s no small feat. You are going to need to understand all of the different positions underneath you in and out just as though you were hired for them, how they fit into the grand scheme of things, and how to manage all of these employees to get the very most out of them. It may not seem simple and straightforward at first (especially if you haven’t gone through a restaurant management school program just yet), but for the right person this is an incredibly rewarding position – monetarily and as well as personally! The most important thing for you to remember is that you are going to have to wear multiple hats when it comes time to take advantage of a restaurant management position. The more you know about your restaurant (and the more you rely on your restaurant management degree and your restaurant management training), the better off you are going to be!

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