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The FAFSA Questions You'll See on Your Financial Aid Form

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Alex Convery
October 25, 2020

FAFSA questions: College student smiling infront of the school building

You worked your butt off through high school. You studied for every test, turned in every extra credit assignment, and even got yourself an online tutor. So, you deserve to go to the college of your dreams. The only problem: College isn't cheap.

Maybe your family can't afford to help you pay for your dream school. And maybe you're looking at the cost of college, thinking about the loans you'll have to repay, and wondering if it's worth it. Let us assure you, it is.

According to the Association of Public and Land Grant Universities, people in their 20s who have a bachelor's degree earn 47% more than people who only have a high school degree. During their lifetime, people with a bachelor's degree earn 73% more. And college grads are 3.5 times less likely to live in poverty.

So, if you want to set yourself up for a more comfortable future, the best decision you can make is to attend college — even if that means taking out student loans. And the first type of loan you should apply for is a federal student loan. Federal student loans have a lower interest rate than private student loans. And you don't need to start repaying federal loans until six months after you graduate, which gives you time to find a job.

To qualify for student loans, you'll need to apply by filling out the FAFSA.

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How To Apply for Financial Aid: A Guide for Students and Families

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How to apply for financial aid: Back view of four students walking

There’s no denying that higher education is a serious investment. High school students who dream of going to college may feel like attending college is out of reach financially, especially if they’d like to attend a four-year institution.

Fortunately, the federal government has an office of financial aid that offers a multitude of scholarships, grants, and other funding sources that can significantly reduce college costs. Since the aid process can be overwhelming and confusing, we’re making it easy. Here’s how to apply for financial aid to make the price of college more affordable.

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