How do you apply for federal student aid??
To apply for federal student aid — such as a loan, federal grants or funding for a work-study program — you will need to submit a FAFSA form each school year. Although you can fill out a paper form and mail it in, you can also submit the entire form online through the Federal Student Aid website.
Should you apply for federal student aid??
The answer is always yes, you should fill out the FAFSA. Many students and parents don't fill out the FAFSA because they believe they make too much money to qualify for aid. However, the U.S. Department of Education gives more than $120 billion per year in federal aid.
What are the three types of Federal Student Aid??
There are three types of federal student aid: grants, work-study and loans. Grants are a type of financial aid that does not have to be repaid. There are five types of federal student aid grants.
Do you have to pay back Federal Student Aid??
Students do not need to pay back federal student grants. The Federal Pell Grant program helps students who have not yet received a bachelor's degree cover the cost of college. The total amount of grant funds a student can receive for an academic year changes annually.