Financial Aid
Financial aid is money to help pay for college or career school.
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Grants
A grant is a form of financial aid that doesn’t have to be repaid (unless, for example, you withdraw from school and owe a refund, or you receive a TEACH Grant and don’t complete your service obligation). A variety of federal grants are available, including:
- Pell Grants,
- Federal Supplemental Educational Opportunity Grants (FSEOG), and
- Teacher Education Assistance for College and Higher Education (TEACH) Grants.
Learn About Grants
Work-Study Jobs
The Federal Work-Study Program allows you to earn money to pay for school by working part-time. You’ll earn at least the current federal minimum wage. However, you may earn more depending on the type of work you do and the skills required for the position. Your total work-study award depends on
- when you apply,
- your level of financial need, and
- your school’s funding level.
Learn About Work-Study
Scholarships
Many nonprofit and private organizations offer scholarships to help students pay for college or career school. This type of aid, which is sometimes based on academic merit, talent, or a particular area of study, can make a real difference in helping you manage your education expenses.
Learn About Scholarships
Loans
A loan is money you borrow and must pay back with interest. If you apply for financial aid, you may be offered loans as part of your school’s financial aid offer. When you receive a student loan, you are borrowing money to attend a college or career school. You must repay the loan as well as interest that accrues. It is important to understand your repayment options so you can successfully repay your loan.
Learn About Loans
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Student Checklist
TO DO: ALL YEAR
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Work hard all the way to graduation—second-semester grades can affect scholarship eligibility.
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Stay involved in after-school activities, and seek leadership roles if possible.
TO DO: FALL
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As soon as possible after its release, complete and submit your Free Application for Federal Student Aid (FAFSA®) form, along with any other financial aid applications your chosen college or career/trade school may require. You should submit your FAFSA form by the earliest financial aid deadline of the schools to which you are applying, usually by early February.
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After your FAFSA form is submitted and processed, you can view your online FAFSA Submission Summary in your account Dashboard. This document lists your answers to the questions on your FAFSA form and give you some basic information about your aid eligibility. Review the documents, make any necessary corrections, and submit the corrections.
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If you haven’t done so already, register for and take the standardized tests required for college or career school admission. Check with the schools you are interested in to see what tests they require.
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Apply to the colleges and career schools you have chosen. Prepare your applications carefully. Follow the instructions, and PAY CLOSE ATTENTION TO DEADLINES!
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Well before your college or career school application deadlines, ask your counselor and teachers to submit the required documents (e.g., transcript, letters of recommendation) to the schools to which you’re applying.
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Complete any last scholarship applications.
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Understand the FAFSA process better by watching the videos at YouTube.com Federal Aid video.
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Follow or like the U.S. Department of Education’s office of Federal Student Aid at X.com/fafsa and Facebook Federal Aid to get regular financial aid tips.
REMEMBER: Register for all tests in advance and be sure to give yourself time to prepare appropriately! If you have difficulty paying a registration fee, ask your school counselor about getting the fee waived.
TO DO: SPRING
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Visit colleges or career schools where you have been accepted for admission.
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Review your college or career school acceptances and compare the schools’ financial aid offers.
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Contact a school’s financial aid office if you have questions about the aid that school has offered you. In fact, getting to know your financial aid staff early is a good idea no matter what—they can tell you about deadlines, other aid for which you might wish to apply, and important paperwork you might need to submit.
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When you decide which school you want to attend, notify that school of your commitment and submit any required financial deposit. Many schools require this notification and deposit by May 1.
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Make informed decisions about student loans. “Loans” and “Federal Versus Private Loans” are important resources at this point.
Parent Checklist
TO DO:
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Work with your child on filling out the FAFSA form.
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Make sure your child’s personal information is safe when they apply for financial aid.
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Use the Consumer Financial Protection Bureau’s financial path to graduation tool to determine each school’s net price—your child’s actual out-of-pocket cost.
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Read IRS Publication 970, Tax Benefits for Education to see how you might benefit from federal income tax credits for education expenses.
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Make informed decisions about student loans. “Loans” and “Federal Versus Private Loans” are important resources at this point.
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Help your child learn about the responsibilities involved in accepting a student loan by reviewing “Considerations When Taking Out Federal Student Loans” with them.
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With your child, look at communications from schools to which your child sent FAFSA information.
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Use the Federal Student Aid Estimator to estimate your eligibility for loans, grants, and work-study.
Apply for Financial Aid
Federal student aid from the Department of Education covers such expenses as tuition and fees, housing and food, books and supplies, and transportation. Aid can also help pay for other related expenses, such as a computer and dependent care. Thousands of schools across the country participate in the federal student aid programs; ask the schools you’re interested in whether they do!
Apply for federal student aid—grants, work-study, and loans—using the Free Application for Federal Student Aid (FAFSA®) form. And remember, the first F in “FAFSA” stands for “free”—you shouldn’t pay to fill out the FAFSA form!
The FAFSA form you fill out should correspond with the school year you’re planning to seek aid for. For example, if you’re applying for financial aid for the 2026‒27 school year, fill out the 2026‒27 FAFSA form. Likewise, if you’re applying for financial aid for the 2025‒26 school year, fill out the 2025‒26 FAFSA form. If you plan to take summer classes, contact your school's financial aid office to determine which FAFSA form you should fill out.
You can estimate your eligibility for federal student aid and your Student Aid Index with our Federal Student Aid Estimator. Be sure to use the tool before you fill out the FAFSA form.
Complete a FAFSA® Form
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