Paying for college can be challenging, but financial aid programs are available to make higher education more affordable. The Free Application for Federal Student Aid (FAFSA) is the first step to accessing federal grants, loans, and work-study opportunities.
How to Apply for FAFSA
To apply for financial aid, visit fafsa.gov and complete the application with information about your family’s financial situation. Based on this information, you may qualify for federal grants, like the Pell Grant, which doesn’t need to be repaid, or federal student loans, which offer lower interest rates and flexible repayment terms.
Additional Aid from States and Colleges
Many states and colleges also use FAFSA to determine eligibility for additional scholarships and grants. Completing your FAFSA early is essential, as some aid is distributed on a first-come, first-served basis.
Why Federal Student Aid Matters
Federal student aid can significantly reduce the financial burden of college. By exploring grants, scholarships, and low-interest loans, students can make higher education more affordable and lessen the need for private loans.