The FAFSA application is not a loan. It is simply an application that you fill out in order to determine your eligibility for receiving a federal loan. There are three main types of financial aid...
Federal student loans typically have low interest rates and other perks for repayment that make them a desirable option for many students. Each type of federal student loan has its own maximum amount depending on your academic year and dependency status. For example, first-year undergraduates that are dependent on their parents (as defined by the FAFSA) have a limit of $5,500, with no more than …
But the reality is that there are no income limits with the Free Application for Federal Student Aid (FAFSA); any eligible student can fill out the FAFSA to see if they qualify for aid. While some aid is based on financial need (such as subsidized loans and Pell Grants), other aid is not (such as unsubsidized federal loans).
Graduate or professional students may be eligible to receive aid from the following federal student aid programs: The William D. Ford Federal Direct Loan (Direct Loan) Program. This is the largest federal student loan program. Under this program, ED is your lender …
Why does FAFSA act like my parents can afford to give up 3/4 of their income to college? (I know you're supposed to… https://t.co/FQ9DZGlSnM
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