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Financial Aid
Nonfederal financial assistance programs and requirements often vary from school to school, so check with the schools you're interested in for information about state and institutional financial aid.
If you're interested in financial aid for college or a career school, you need to review the FSA programs because these programs provide billions a year in grants, loans, and work-study assistance. If you're exploring options for paying for college, you can learn about the various kinds of financial aid (loans, grants, and work-study) to see which type of financial aid is right for you. Financial aid professionals at banks, colleges, guaranty agencies, and other postsecondary or lending institutions work to make sure merit based and need based financial aid is made available to students seeking higher education. You can find out about all the sources of federal aid and about scholarships.
Financial aid is designed to help students fund part or all of their higher education. Financial aid can be merit based or need based. The Federal government is the largest supplier of financial aid. For example, the Department of Education provides more than $78 billion a year, about 60 percent of all student aid. The Federal Student Aid (FSA) programs are the largest source of student aid in America.