Here are 4 interesting and powerful facts about Federal Financial Aid for College that will make you smile from ear to ear because, let’s face it, money for college is available for everyone.
The question that one should be asking then is, HOW!
Below we list our compelling reasons, and why you should take action NOW, rather than later..
1. Every Student Is Eligible for Federal Financial Aid for College
Every student attending a public or private institution of higher learning in the U.S. is eligible to apply for federal financial aid. It doesn’t matter how old you are or how long you’ve been out of school.
Applying for financial aid is your first step in returning to school.
2. It Doesn’t Cost Anything to Apply to Uncle Sam for Your Federal Financial Aid for College
Did you know that you do not have to pay anyone to help you find financial aid?
Free help is available at the Government website http://www.fafsa.ed.gov or from any college or university financial aid office. All you have to do is ask. Believe me – It’s free!
3. It’s Important to Start Your Federal Financial Aid Application Early
Looking for financial aid is your first step in the college admissions process. Start early. Applications take time to process. The paper version of the Free Application for Federal Student Aid (FAFSA) application takes four to six weeks to process.
Katherine Coates of the Awareness and Outreach Department at the U.S. Department of Education says, “If a student completes the paper FAFSA, they can receive their Student Aid Report (SAR) after four to six weeks of processing time.
“However, if they complete the FAFSA via the Web, they can receive their SAR in three to five days and so will the school or schools listed on the FAFSA, and their home state.”
Either way, start early.
4. You’ll Need Your Tax Statements
Most aid is based on financial need. Your tax statements tell the people with the money how much you make and how much money you’ll need to make school a reality. If you haven’t filed taxes, you’ll need to prove how you manage to make a living.
If you’re reading this, you’re likely a non-traditional student older than 25 and are no longer dependent on your parents. If you are dependent on your parents, you’ll need to take a copy of your parent’s tax statement.