FAFSA
What are scholarships?
A financial award that a student earns to support their education and is completely free to earn
What is a student loan?
A loan you borrow for college that is paid back with interest
What are grants?
Free money from the government that you don't have to pay back
How much does it cost to do the FAFSA?
Free
Where do people usually get their student loans?
FAFSA
What do you get from FAFSA
FAFSA helps students get loans, grants, and scholarships.
After completeing the FAFSA how long will it take to get a Submission Summary? ( 1 - ? days)
Within 1-3 days
What is a loan payment?
An amount you pay back within a time period into your student loan
What does FAFSA stand for?
Free Application Federal Student Aid
How long do you have to apply for the FAFSA every year?
The beginning of October till the end of June
What is a unsubsidized loan?
A loan from the government that builds interest that you have to pay
What is the percentage chance a FAFSA applicant will receive financial aid for college?
85% chance they will receive financial aid for college
What is the FAFSA Submission summary?
A document providing the estimate of the financial aid you will be able to receive for college
What is a subsidized loan?
A loan from the government that pays the interest of your loan while you pay the rest