What do you need to know about college financial aid?
Deadlines Are Important. For the 2018-19 school year,the FAFSA became available on October 1,2017,and the government’s final filing deadline is June 30,2019.
How many years can I receive financial aid for college?
If your financial aid is from the college, there is no universal limit to how long you are eligible. Federal aid (grants like Pell, Work Study, and federal loans) stops at 6 years for a 4-year (bachelor’s) degree, and requires you to be making a certain amount of progress towards a degree each year.
What can financial aid be used for in college?
College financial aid can be used for expenses that are directly related to your education, such as tuition and fees, transportation, books, room and board, supplies and related expenses like child care.
What percentage of college students receive financial aid?
For current or future college students, receiving financial support from the federal government is practically a sure thing. Nearly all students qualify for federal aid, and 85% of four-year college students receive some type of aid.
Does FAFSA cover Community College?
You must be enrolled at least half-time and complete the FAFSA form to qualify for a Stafford loan. This program can provide over $100,000 in financial aid for community college students, regardless of their family’s income or asset levels.
How does financial aid help college students?
Financial aid helps students and their families pay for college. This financial assistance covers educational expenses including tuition and fees, room and board, books and supplies, and transportation. There are several types of financial aid, including grants and scholarships, work study and loans.