Types of aid available through the FAFSA By filling out the FAFSA, students gain access to potentially thousands of dollars through grants, student loans and more. Grants Grants are a type of free money based on financial need. Federal and state grants are available through the FAFSA. Features...
Once the FAFSA is processed, you’ll receive a FAFSA Submission Summary, which provides a summary of all the information submitted on the FAFSA. The summary also includes the Student Aid Index (SAI), a number used by the college to calculate financial aid and eligibility. 3. School Review T...
It stands for the Free Application for Federal Student Aid. What’s that, you ask? Well, it’s just what it sounds like. The federal government created the FAFSA® to provide students with options to help them pay for college through various types of aid depending on their financial ...
Once your FAFSA has been processed, you’ll receive aStudent Aid Reportwith information about the aid you can potentially get from your school. The amount of aid you receive depends on the college or university you plan to attend. After your college acceptance letters start to roll in, the ...
You can only apply for federal financial aid for higher education through the FAFSA. Types of Aid There are several types of financial aid available that make up afinancial aid package. The Pell Grant is one ofseveral federal grants. It is strictly a grant, and you don't have to pay it...
FAFSA®information electronically. Your FAFSA®information will be used to determine the types and amounts of financial aid you may receive. Schools will ultimately award aid (and will vary by school). You can list up to 20 schools at a time on your FAFSA® as of the 2024-25 ...
High school seniors and other students thinking about enrolling in college next fall should submit the 2025-26 FAFSA to qualify for federal student loans and other types of aid. Start by requesting a FSA ID Go tostudentaid.govto request your FSA ID, which is the username and password combina...
Here’s a breakdown of the different types of aid that are offered through this form, as well as how much you may qualify for. Key takeaway Undergraduate and graduate students received a total of $234.6 billion in student aid during the 2021-22 academic year, according to the College ...
Thetypes of financial aidinclude loans, grants, work-study programs and more. Federal student loans offer fixed interest rates and income-based repayment plans, which are not typically offered with private loans. All loans need to be paid back with interest. ...
Filling out the FAFSA on time can help you qualify for several types of aid, including need-based and merit-based aid, and federal, state, and school-specific aid. FAFSA be like “We see your parents got extra guacamole at lunch . . . you must not need any aid.”— Napkin Finance ...