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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.



    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.
  • [13] Students should carefully review the SAR for errors and make any corrections as necessary. An electronic version of the SAR (called an ISIR) is made available to the colleges/universities the student includes on the FAFSA. The ISIR is also sent to state agencies that award need-based aid.

    Types of financial aid[edit]

    Federal Student Aid offers several different types of financial aid. The four most common types of aid students are offered from the federal government as a result of completing a FAFSA are:

    • Pell Grant – A grant of up to $
    In most cases, the federal government pays half of a student's wage and the school pays the other half.

    See also[edit]


    1. ^ "Eligibility for Aid FAQ". 
    2. ^ FAFSA.ed.gov: Most male students must register with Selective Service to receive federal student aid
    3. ^ FAFSA.


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