Going to college is the key for someone to be successful in life. It is the first step towards landing a good job. But many students are not able to finish college because of financial problem. But thanks to the US Government, some have the privilege to go to college with their help through FAFSA application. How? A student can apply federal student aid. The financial aid consists of three types described below:
- Federal Work-Study. If you can be positive that you can balance your study while carrying out work, the US government can offer only a part-time position on your chosen field. This is to assist to your educational costs payment. What are the benefits you can get? The salary you would secure will not just handle your education costs in college but and also your obligations while studying. It won’t have an impact your financial assistance position which offers you with the opportunity to apply either student loan or grants. You can always apply for another free Fafsa application.
- Federal Loans. If you think that it’s possible to compensate a monthly debt settlement as well as interest, education loan is the best selection. The advantage of it is actually its less expensive in between other financial loans with very low and fixed interest that never goes up every year. What other benefits you can get? You can build a pleasant credit standing that can be helpful when registering for an alternative loan. Federal Perkins Loan and Subsidized Stafford Loan are paid off with the government.
- Federal College Grants. If you’ve been chosen among the many candidates, you may be lucky to have this type of scholarship with the government. It can be a help that can pay off your education costs without paying the money back. What are the benefits of this financial aid? The money you receive can be up to $2,445 per year. Some colleges might also offer awards to their students from government.
You are now familiar with the federal student aid. To apply for one, you must first complete your FAFSA and your student fafsa pin.