What is Financial Aid Awareness Month?Counselors, educators and financial aid advisors use the month of February to educate students on the resources they can use to help them pay for school. High school and current college students—including parents--find the below financial aid articles the most helpful: The Beginner's Guide to Financial Aid • 2023-24 Financial Aid and FAFSA State Deadlines • Why Parents Should Fill Out the FAFSA • Why Should I Complete the FAFSA? • After the FAFSA: What to Do Once You've Submitted Yours
How Financial Aid WorksStudents should apply for financial aid every year. To apply for financial aid, students need to submit or renew their FAFSA. There are four types of financial aid: Scholarships In most cases, you don't need to complete your FAFSA to receive scholarship money. Federal, State & Institutional Grants You must complete or renew your FAFSA to receive this type of financial aid. Federal Work-Study You must complete your FAFSA to qualify for any federal work-study program. Federal & Private Student Loans If you need to borrow money to pay for college, Federal student loans should be your first choice. Private student loans should be your final option. There are, however, student loan options available that offer reasonable terms. The FAFSA opens October 1 and there are three deadlines: College Schools set their own priority deadline for the FAFSA. State Each state has its own FAFSA deadline. These funds are given on a first-come, first-served basis. Federal This is the final deadline. It occurs on June 30 of the school year you’re applying for. Colleges will then use your FAFSA form to create a financial aid award package. This package includes all forms of financial aid. It's up to you to determine what works best for your financial situation. You can appeal your financial aid award package. FAFSA Checklist • How to Submit a FAFSA through the myStudentAid Mobile App • Quick Tips for Filing Your FAFSA • 10 FAFSA Mistakes that Affect Financial Aid
Are Parents Responsible for Repaying a Child's Student Loans? • Financial Aid without Filing the FAFSA? Are Financial Aid and Scholarships the Same Thing? • Scholarship Best Practices • Fastweb's Scholarship Directory • Scholarship Scam Red Flags Student Loan Glossary • The Best Student Loans Calculators • Borrowing for College: How Much is Too Much?