FAFSA for Federal Student Aid

The government have a program where students are given the privilege to finish college degree even the financial capacity seems possible for them. It offers some alternative where a student can pay the tuition called Federal student aid. The help is in three kinds including the grants, loans and work-study program. The student must first fill out and finish FAFSA application form. Look here at Fafsa.gov page. Then, he or she will now have the chance to select on the three forms. Decision must be based on what is best for the student’s part.

College Grants are given to qualified students in low family income and middle class who cannot afford to go to college. It does not require paying back.

What are the advantages?

  1. The government can give $2,445 per year for each student.
  2. Colleges may also offer grants to their students to pay for their tuition.

Student Loans are less expensive than those who are offered by private creditors. This is because they have fixed rate through the years that never change.

What are the advantages?

  1. The government will pay for the loan as long as the student is enrolled at the school for those who passed Subsidized Stafford Loan and Federal Perkins Loan.
  2. The loan can help the student build a good credit history.

Work-Study is a program of the government that gives student a part-time work on their selected field.

What are the advantages?

  1. The students can earn money not only for their college tuition but as well as other necessity they have while studying.
  2. It does not reflect a record on your financial aid status so you can always apply for another Federal student financial aid.

After knowing the financial student aid and each benefit, student must now complete FAFSA in ED.gov as the first step into achieving his or her dream.