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Financial aid for college fafsa

financial aid for college fafsa 2.7 billion in free federal Pell grants by not completing the FAFSA.[15]

  • Stafford Loan – As of July 1, 2015, any Federal Direct subsidized loan will have a fixed interest rate of 4.29% and the interest is paid by the government while the student is enrolled at least half time. The Federal Direct unsubsidized loan also has a fixed interest rate of 4.29% and accumulates onto the outstanding balance.[16]
  • Federal Perkins Loan – A loan that is like the Stafford but is lent directly by schools that are Title IV-eligible. Interest rate is fixed at 5%.
  • The FAFSA should not be confused with the CSS Profile, which is also required by some colleges. The CSS is a fee-based product of the College Board and usually used by colleges to distribute their own institutional funding rather than federal or state.

    Contents

    Eligibility[edit]

    The official FAFSA website is FAFSA.gov.

    Nearly every student is eligible for some form of financial aid.

    If you are a citizen of the Federated States of Micronesia, the Republic of the Marshall Islands or the Republic of Palau you are exempt from registering.
  • ^ "Eligibility for Aid FAQ". Retrieved 2014-03-25. 
  • ^ "If you want to keep receiving your federal student aid, make sure you stay eligible". studentaid.ed.gov. Retrieved 2016-09-02. 
  • ^ https://www.
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