Finacial Aid

With the variety of ways to pay for college I will apply to as many scholarships as I can, no matter how many essays i have to write, I will apply to FAFSA, and gain as much finacial support as possible.
What FASFA Does
• Educating students and families on the process of obtaining aid;
• Processing millions of student financial aid applications each year;
• Disbursing billions of dollars in aid funds to students through schools;
• Enforcing financial aid rules and regulations;
• Servicing millions of student loan accounts, and securing repayment from borrowers who have defaulted on their loans; and
• Operating information technology systems and tools that manage billions in student aid dollars.

A student who can meet the following criteria may be eligible for aid:
 is a U.S. citizen, a U.S. national, or an eligible non-citizen;
 has a valid Social Security number;
 has a high school diploma or GED or for adult students, pass an Ability-to-Benefit test;
 is registered with the U.S. Selective Service (male students age 18–25);
 completes a FAFSA promising to use any federal aid for education purposes;
 does not owe refunds on any federal student grants;
 is not in default on any student loans; and
 has not been found guilty of the sale or possession of illegal drugs while federal aid was being received.
FAFSA has several different types of financial aid. The four most common types of aid:
 Pell Grant – A grant of up to $5,550 for students with low EFCs.
 Stafford Loans – A loan with interest set at 6.8%. If subsidized, the interest is paid by the government while the student is enrolled at least half time. If unsubsidized, the interest accumulates onto the outstanding balance.
 Perkins Loans – A loan that is like the Stafford but is lent directly by schools that are Title IV-eligible.
 The Federal Work-Study Program – A program where students can get part-time work, up to a certain amount, and have 75% of their wages reimbursed by the federal government.