Federal funding - what is it and who gets it?

The FAFSA, Free Application for Federal Student Aid, the application will determine whether the federal government for financial assistance for students and what types of aid eligible to be considered. All students are eligible for all scholarships. In short, federal college aid programs implemented by FAFSA grants, labor and student loans. The following is a partial list of federal financial assistance:

Federal Pell Grant - For students who have demonstrated,need

Federal Supplemental Educational Opportunity Grant - For students with demonstrated need

Academic Competitiveness Grant - For students, the Pell Grant citizens, eligible United States and pursue a rigorous curriculum in schools

National Science and Mathematics Access to talent to keep Grant reach - for children eligible for Pell grants and seniors in school guidance and maintain appropriate that at least a 3.0 grade point average

Future of Work --Working off-campus subsidized program based on student

Federal Perkins Loan - low interest student loans for students with demonstrated need

Direct subsidized Stafford student loans or - the United States government to pay interest on these loans while the student in school and during the 6 months after the student graduates or leaves school

Incurred directly subsidized student loans or Stafford - Interest on these loans while the students in the school. Were notmust

Direct Stafford or PLUS Loans - Parent Loans for students. Bonds on behalf of one of the parents' educational expenses for students. PLUS loans to students eligible

Keep in mind that the above list represents the programs with the federal government only. His condition may have its own license and / or loan programs have, you must be aware of. Contact the office to determine the financial assistance office of your school or your school for advice "state aid.

Although there are many utilities that not all students have the right to be preserved. All federal assistance programs have eligibility requirements. The basic requirements for eligibility:

Have demonstrated financial need based on FAFSA data
As a citizen of the United States or eligible status as a citizen with a valid Social Security
As a student seeking a diploma or certificate in an eligible program
The possession of a high school diploma orequivalent
Be registered with Selective Service when they are recorded
Continued satisfactory academic progress once (in the school, the institution sets its own satisfactory academic progress. Please note that these expectations are aware)

Now that you know what is expected of you, did you know that the federal government has some major problems in the institutions of higher education? To qualify for Title IV in question (coming to the code that governs federal aid and federal levelassist eligible institutions), the institution must be authorized to calculate and public schools, the failure rate loans, the employment rate and the statistical level. The school's financial aid office must have the location and opening times interviews, types of aid available, procedures and deadlines for each post-program help and the selection of the recipient's financial support.

Even the FAO (Financial Aid Office) must show clearly that there was a method for determiningTo study the financial requirements of the method, a packaging process, financial aid, satisfactory progress in their academic standards and details of your work, when he won a job.

You must be aware now that the financial aid process is a commitment by the federal government, university, participating in, and you. Everyone has to do to maintain compliance with the processes and rules. Their role in the process, both as students and consumers canoverestimated.