Federal Student Aid

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Author: Carla Abraham


Federal student aid is the single largest source of financial aid for college in the United States. The U.S. Department federal student aidof Education provides over 67 billion dollars in federal aid each year!!! Eligible applicants can receive loans and grants for college tuition and expenses. This could be used for a 2-year, 4-year, technical, vocational, online, professional or graduate program.

There Are Three Types of Federal Student Aid

1.  Loans

  • Money that is loaned to you to help pay for college and tuition expenses.
  • Federal loans must be repaid once you finish or leave school.
  • Some federal loans offer lower interest rates and flexible repayment schedules.

 

2.  Federal Grants

  • Money that is awarded to help finance your college tuition and expenses.
  • Grants do not need to be repaid and are awarded based on financial need.

3.  Work-Study Programs

  • You work to help pay for college tuition and expenses.

The first step to qualifying for any federal student aid program; loans, grants or work-study, is to apply with FAFSA or the Free Application for Federal Student Aid. You can visit the FAFSA website where you will find step by step instructions and an online application in both Spanish and English.

If you are committed to going to college, there is a way to pay for college. Real students tell real stories about how they found federal student aid to go to college. You can listen to their stories and advice here. For information and resources on State Student Aid.