Financial aid is crucial for incoming college students. This in-depth guide gives college students all the resources they need to successfully apply for the new FAFSA and fund their college costs.
At the end of 2023, the federal government said it would update theFree Application for Federal Student Aid form, better known as FAFSA, ahead of the 2024-2025 school year. The change came three years after Congress mandated the update in 2020. But four months since the changes went into ...
To get a Federal Pell Grant, you’ll have to fill out the Free Application for Federal Student Aid (FAFSA). The maximum amount offered by this grant is $7,395, but the amount you receive is based on these factors: your Student Aid Index (formerly calledExpected Family Contribu...
Need-based aid is determined by your or your family’s demonstrated ability to pay for college, as calculated by the Free Application for Federal Student Aid, known as the FAFSA. Need-based self-help aid includes federal loans and work-study. Merit-based aid, also called non-need-based aid...
Understanding the FAFSA, your key to qualifying for college financial aid BYIvana Pino June 23, 2023 Personal Finance 75% of families don’t know this important date to get ‘free money’ for college BYKaitlyn Koterbski August 19, 2022 ...
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Need-based aid is determined by your or your family’s demonstrated ability to pay for college, as calculated by the Free Application for Federal Student Aid, known as the FAFSA. Need-based self-help aid includes federal loans and work-study. Merit-based aid, also called non-need-based aid...
A Perkins student loan was a type of student college loan made to students with exceptional financial need, based upon the student's FAFSA financial aid application. Funds were provided by the federal government for these loans. The interest rate for Perkins loans is 5%, and payments begin 9 ...
The opposite is also true: The sooner you apply for aid, the better your chances of maximizing the amount you’ll receive. Each Year The FAFSA opens on October 1, and has a deadline of June 30 the year you need aid. But in 2024, the FAFSA isn't going to open officially until Dece...
In some cases, DACA recipients and other undocumented students can receive scholarships and state aid to pay for college.