Federal Student Aid (FAFSA)

Confused about what type of Federal Financial Aid is right for you? Hope this helps!




Grants & Scholarships
Grants and scholarships are often called “gift aid” because they are free money—financial aid that doesn’t have to be repaid. Grants are often need-based, while scholarships are usually merit-based. Almost all grants are awarded to students with financial need, as determined by the FAFSA. If you are interested in applying for grants, or any federal student aid, you have to start by submitting a Free Application for Federal Student Aid (FAFSA).

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To Start: Complete your FSA ID

Then: Complete the Free Application for Federal Student Aid (FAFSA) online beginning October 1, 2018!

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Work Study
Federal Work Study provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study. Visit the link for more information!


Loans
A loan is money you borrow and must pay back with interest.   
Student loans can come from the federal government or from private sources such as a bank or financial institution. Loans made by the federal government, called federal student loans, usually offer borrowers lower interest rates and have more flexible repayment options than loans from banks or other private sources. Learn more about the differences between federal and private loans.
A loan may be the most beneficial option for you because you may not have to begin repaying your federal student loans right away, but don’t have to wait to understand your responsibilities as a borrower. Get the scoop: Watch this video about responsible borrowing!