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Financial aid is available from federal and state governments, educational institutions, and private organizations. It can be awarded in the form of grants, loans, work-study, and scholarships. In order to apply for federal financial aid, students must first complete the Free Application for Federal Student Aid .
Federal Student Aid (FSA), an office of the U.S. Department of Education, is the largest provider of student financial aid in the United States. Federal Student Aid provides student financial assistance in the form of grants, loans, and work-study funds.
Direct Subsidized Loan. $3,500 to $5,500 per year, depending on year in school. Undergraduate students with financial need. Direct Unsubsidized Loan. $5,500 to $20,500 per year, depending on year ...
The new FAFSA, which will be used to determine financial aid eligibility for the 2024-25 academic year, is shorter and easier to fill out.
The Bottom Line. There are several options to help cover college costs if your federal student loans aren't enough. Revisit your budget and cut costs to make up the difference or find ways to earn ...
Perkins · Stafford. PLUS · Consolidation Loans. Private student loans. The Free Application for Federal Student Aid ( FAFSA) is a form completed by current and prospective college students ( undergraduate and graduate) in the United States to determine their eligibility for student financial aid .