7 Things You Need to Know about Financial Aid
What is financial aid? Financial aid is money that can help you pay for college. Some aid needs to be paid back or earned, and some aid is a gift. This money is available to all kinds of people. Here are seven important things you should know about financial aid. 1. Financial aid can help you go to college Getting financial aid can make it possible for you to go to college. Or it might enable you to attend a college you thought you couldn’t afford. 2. More than $185 billion in aid is available There are four main sources:
One thing is for sure: If you don’t fill out financial aid forms, you won’t get any aid. Even if you think you may not qualify, you should still submit the forms. 4. The FAFSA is the place to start — and it’s free To qualify for many types of aid, you’ll need to complete the Free Application for Federal Student Aid (FAFSA). This application gives you access to these types of aid:
The FAFSA qualifies you for federal aid, but many state governments and colleges also use this application to award their own aid. 6. Completing the FAFSA is convenient Complete the form online at www.fafsa.gov or download paper forms there. You can even import your family’s tax information directly from the IRS website. 7. More aid is out there Once you have completed the FAFSA, you should apply for these types of aid:
For more information about financial aid, see Financial Aid: FAQs or download/print the Financial Aid 101 handout (.pdf/443KB) To learn more about filling out the FAFSA, read How to Complete the FAFSA. |
Other financial aid resources:
https://lendedu.com/top-posts/ LendEDU regularly posts articles to their blog about a variety of topics. You can find useful tips and information about student loans, credit cards, personal loans, saving money, and much more. https://studentloans.net/ The Student Loan Report, LLC was started in 2016 to provide coverage on the latest student loan news and information. The Student Loan Report also creates resources and guides for borrowers and their families so they make the best decisions when it comes to paying for college and repaying student debt. https://couponfollow.com/research/getting-trough-the-fafsa This website breaks down the FAFSA and provides important information about the application. It also provides explanations of other forms of financial aid to help students make the best decision. Citizens Bank provides valuable information to get students and parents started with financial aid and to ensure they understand all that goes into making such an important decision. The website even includes some short videos to make learning fun and webinars from financial advisors. Webinar: Completing the FAFSA — What You Need to Know
View this webinar for helpful tips and changes that have been made to the FAFSA. Participants will get a complete preview of the application, find out what information they'll need to provide, and learn about available resources and tools to help complete the form.(Note: This webinar instructs students to create a FAFSA PIN. However, as of May 10, 2015, the FSA ID replaces the FAFSA PIN. The FSA ID works the same way that the FAFSA PIN did, in that it identifies the user and serves as the user’s electronic signature. Learn how to create an FSA ID (.pdf/2.1MB). Click here to access the webinar and other helpful resources. How much do you know about Student Loans?
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