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By far and away the most common form of student financial aid, scholarships are essentially gift money that does not have to be paid back. This is ideal for students, because it does not accumulate debt for them. Merit scholarships award students who meet certain requirements set forth by the sponsor.
There are four types of federal student loans available: Direct subsidized loans. Direct unsubsidized loans. Direct PLUS loans. Direct consolidation loans.
5 Tips to Help You Ask Family and Friends for Financial Help Determine your needs. To avoid asking for more or less than you need, write out the exact amount you need and what you need it for. ... Explain your efforts so far. ... Develop a repayment plan. ... Give help in return. ... Be respectful.
Types of Aid Grants: Financial aid that generally doesn't have to be repaid. Loans: Borrowed money for college or career school; your loans must be repaid with interest. Work-Study: A federal work program through which undergraduates and graduate students at participating schools earn money to help pay for school.
There are four basic types\u2014grants, scholarships, loans, and work study\u2014and four basic sources\u2014federal, state, institutional, and private\u2014of financial aid. All financial aid awards have a "type" and "source." For example, a Pell Grant is grant (type) that is funded through the federal government (source).

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\u2013 Obtain the PDF format FAFSA in both English and Spanish. Students may also obtain up to three paper copies by calling 1-800-4-FED-AID (1-800-433-3242) or 1-391-337-5665. (Hearing impaired individuals should call the TTY number 1-800-730-8913.) Paper FAFSAs can be ordered.
Completing and submitting the FAFSA® form is free and easier than ever, and it gives you access to the largest source of financial aid to help pay for college or career school.
Take these steps to apply for federal student aid. Get Prepared. Complete FAFSA® Form. Review Student Aid Report. Respond to Aid Offer. Receive Aid. Renew Your FAFSA® Form.
Generally, your school will give you your grant or loan money in at least two payments called disbursements. In most cases, your school must give you your grant or loan money at least once per term (semester, trimester, or quarter).
You may choose any of these methods to file a FAFSA form: Log in at fafsa.gov to apply online. Complete a FAFSA PDF (note: you must print out and mail the FAFSA PDF for processing) Request a print-out of the FAFSA PDF by calling us at 1-800-4-FED-AID (1-800-433-3243); then fill out the form and mail it for processing.

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