What Is a FAFSA Student Loan?

Using a FAFSA student loan can be a very beneficial step in your college experience. College costs are rising each and every year. With such high bills for education, the majority of students need some type of financial aid. This is where the FAFSA comes into the process. If you are considering going to college the FAFSA is something that you will definitely need to fill out as soon as possible. Here is some information about the FAFSA and how it can help you.

Financial Aid Assessment

The main role that the FAFSA fills is determining financial need for students. The FAFSA is the first step in applying for any federal student loan program or financial aid. If you want to get a loan, you will have to fill out a FAFSA. It will want to know all of the financial information about you and most likely your parents. Those that need the most help financially will be given access to special programs.

If it is determined that you need help, they will allow you to get subsidized federal loans. These loans will actually allow the government to pay the interest on the loans for you until you get out of school.  

 


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