03.19.10
Federal financial aid – What is and who gets it?
The FAFSA, free application for federal aid will use to determine whether you are eligible for federal grants for students and what kind of assistance you right. Not all students are eligible for all aid programs. In short, the federal college aid programs, apply for FAFSA is through scholarships, work and study for students. Here is a partial list of federal financial aid programs:
Federal Pell Grant – For students with a documentedneed
Federal Supplementary Educational Opportunity Grant – For students with a documented need for
Academic Competitiveness Grant – For students who are eligible for Pell grant to nationals of the United States to maintain close high-school curriculum
National Science and Mathematics Access to retain talent Grant – The Pell Grant eligible Juniors and Seniors in college majors are eligible to achieve and maintain at least a 3.0 grade point average
Federal Workstudy – a campus subsidized work program students on
Federal Perkins Loan – low interest student loans for students with a real need
Student Loan subsidized direct or Stafford – The United States government pays interest on these loans while the student in school and 6 months after the student leaves school or graduates
Student Loan subsidized, directly or Stafford – Interest on these loans while the student at school. Nodemonstrated the need
Direct Stafford or PLUS Loans – Parent Loans for students. Costs of loans issued in the name of a parent for the formation of student-related are supported. PLUS loans are eligible for students
Remember that the above list are federal programs of assistance alone. Their condition may have its fair and / or loan programs, you must be aware of. Contact the office of your school's financial aid office at your school counseling to determinerequirements for state aid.
Although there are many assistance programs available, not all students are eligible to receive them. All federal assistance programs are the eligibility requirements. The basic requirements are:
Have demonstrated financial need based on FAFSA information
They have U.S. citizenship or eligible status of citizen with a valid Social Security number
Being a diploma or certificate seeking students in a program of qualification
Have a baccalaureate orcorresponding
Be registered with the Selective Service, if you must be registered
Maintain satisfactory academic progress once in school (the institution defines its own standard satisfactory academic progress. Are you aware of these expectations)
Now that you are aware of what is expected of you, you know that the federal government has some big expectations for higher education? To be eligible for Title IV (Federal Code relating to federal assistance andEligible institutions), an institution must be accredited to calculate and disclose its loan default rate schools, rate, and the Ph.D. statistics. School financial aid office must indicate the location and hours of personal counseling, various types of funding available, related procedures and deadlines for each program of intervention and the process for selecting recipients of financial aid.
FAO (funding agency), should clarify the procedure for determiningfinancial needs of their packaging process, the method for financial aid, satisfactory progress for academic standards and details of your work study job, if you are assigned one.
You should know now that the process of financial aid is an obligation for the federal government, the college you attend, and yourself. Everyone has work to do, its processes to follow and support its standards. Their role in the process, because both the student and the consumer can not beoverestimated.
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