Archive for the ‘financial aid’ tag

What Are Federal Student Aid?   no comments

Posted at 5:35 pm in Education

Financial aid is help given by the government to students who lacked the financial capability to pay for college. It is the most recommended solution than applying for private loans. Though there are many companies who offered help financially but sometimes you might end up even more broke. There are companies add high interest rate to the borrowed money. Government gives financial aid that will not be a burden for those who are already incapable of paying the college education cost. There are three categorize a student can apply. It depends on what you need and fit to your current situation. There is also a help that is only given to few students. To know if you are eligible, you must get FAFSA application form and fill it out.

The first help is the federal loan. The Department of Education in USA gives the qualified to receive college students who are efficient in Direct Subsidized Loans and Direct Unsubsidized Loans. Free Fafsa application is given by your school when you intend to apply for federal loan. The loan is unique right from individuals who provided in private creditors. The loan has fixed rate and will be base on the income revenue of the family. The Federal Loan will cost less than private loan. The next will be the federal grants which do not require repayment. This is an award that will help students that may differ in total plus the valid standards given. The funds and grants basically presented to high-school graduates and undergraduates who have below average income or weren’t able to pay for college fees. Lastly, is called the federal work-study. This program deals part-time employment to those students which are looking for job while studying. The employment suggested is dependent on what everybody selected niche.

Student fafsa pin is given for those students who already applied for financial aid.

Written by admin on April 29th, 2013

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