Money to help pay for college or career school.
The largest federal grant program offered to undergraduates. It is designed to assist students from low-income households. To qualify, a student must demonstrate financial need by completing and submitting the FAFSA form.
A student who is at least 24 years old, married, a graduate/ professional student, a veteran, a member of the armed forces, an orphan, a ward of the court, someone with legal dependents (not a spouse), an emancipated minor, or someone who is or at risk of being homeless.
A temporary postponement of payment on a loan that is allowed under certain conditions and during which interest generally doesn’t accrue on certain types of subsidized loans.
The Federal Student Aid office offers this type of PLUS loans to parents borrowing on behalf of their children. Parents can borrow up to the full cost of attendance of their child’s school minus any financial aid their child has already received.
A federal student loan for which a borrower isn’t generally responsible for paying the interest while in an in-school, grace, or deferment period.
A form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for student financial aid.
Money borrowed from the federal government or a private source like a bank or financial institution, and must be paid back with interest.
A person who is dependent on their parent or parents for financial assistance and is therefore required to report parental income on the FAFSA.
Gifts that don’t have to be repaid and are designed to help students pay for an undergraduate degree. They can be a one-time gift or are renewable.
This type of loan is borrowed through the Direct Loan Program offers students a low, fixed interest rate and flexible repayment terms. It is not based on financial need. The borrower is responsible for paying all the accumulated interest, until the loan balance is paid off.