What is Financial Aid?

Financial aid is money that can help you pay for college. Some aid needs to be paid back or earned, and some aid is a gift. This money is available to all kinds of people.
The FAFSA helps determine what type(s) of financial aid a student qualifies for. The sooner it is completed, the better.

7 Things to Know About Financial Aid

Other Financial Aid Options

Financial Aid Options: Federal Aid

Grants
Grants do not have to be repaid. Eligible students receive a specified amount each year under this program.

Work-Study
The Federal Work-Study Program provides part-time employment on-campus or off-campus for undergraduate and graduate students. The money is earned while attending school to help pay education expenses.

Loans
Loans need to be repaid. Via the federal government, education loans have a fixed interest rate and income-driven repayment plans. If you need to borrow money to pay for college or career school, start with federal loans because they are less expensive than private loans.