Getting an education is vital to financial stability and future success but the cost of education beyond high school continues to rise. Luckily Federal Student Aid offers financial aid programs that help millions of students attend college, universities and trade schools each year.
The billions of dollars of help from Federal Student Aid is administered by the U.S. Department of Education and comes in the forms of grants such as the Pell and National SMART Grant and work-study and low interest loans such as the Federal Perkins Loan and the Stafford Loan. Some grants require a cumulative GPA of 3.0 while loans have interest rates around 5%.
Each year, millions of students benefit from federal financial aid programs. For information on programs you might qualify for visit FederalStudentAid.ed.gov or call 800-4Fed-Aid. Applying for federal aid is free and the application is called FAFSA (Free Application for Federal Student Aid). Free help is available throughout the application process. The College Scholarship Fraud Protection Act protects people from financial aid fraud.
| Newsletter signup | Send us your ideas