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Is FAFSA money considered a grant?

The first notable difference is that the FAFSA isnt a type of financial aid; instead, its a general application for multiple federal aid programs. A Pell Grant, on the other hand, is a type of federal aid program that uses the FAFSA to determine if a student is eligible.

Is FAFSA a loan or grant?

The FAFSA is not a loan. It is an application form. However, you can use the FAFSA to apply for financial aid and federal student loans. The FAFSA, or Free Application for Federal Student Aid, is used to apply for several types of financial aid, including grants, student employment and federal student loans. Is FAFSA a Loan? - Saving for College savingforcollege.com article is-fafsa-a-lo savingforcollege.com article is-fafsa-a-lo

What is academic financial services?

Academic Financial Services, simply known as AFS, is synonymous with its bright green websit. This nonprofit corporation encourages students and families to first try other means of financing their college degrees such as scholarships, grants, and payment programs before they dive into loans. Services from Academic Financial Services, AFS collegescholarships.org loans afs collegescholarships.org loans afs

Do you have to pay FAFSA back after you graduate?

Once you graduate, drop below half-time enrollment, or leave school, your federal student loan goes into repayment. However, if you have a Direct Subsidized, Direct Unsubsidized, or Federal Family Education Loan, you have a six-month grace period before you are required to start making regular payments. Student Loan Repayment | Federal Student Aid studentaid.gov manage-loans repayment studentaid.gov manage-loans repayment

Does FAFSA count as a loan?

This free application form is used to apply for federal student aid, as well as financial aid from state governments and most colleges and universities. FAFSA is not the financial aid itself, as it is just an application, so you do not have to pay anything back in that regard.

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