College education is very expensive and most people cannot be able to afford it without some form of financial aid. There are very sorry statistics from the Department of Education that indicate that most people are denied financial aid because of inconsistencies and mistakes on their application.
There are thousands of people out there who are in need of financial assistance for college, meaning that a simple mistake could lock out a worthy candidate. Knowledge on how to fill out these forms is necessary so as to ensure that one maximizes their chances of receiving college aid.
Another thing most people do not know about financial aid is the various types of aid available to them. Most people start and stop at the FAFSA and assume that a loan is the only type of aid they could get. Grants are one of the best types of aid available to the student simply because it is free money that does not have to be repaid. A student should therefore ask whether the colleges of their choice offer grants to students, and they should apply for them if this is the case.
Another type of aid is scholarships, and these are also free as the money does not have to be paid back. The student should always ask the financial adviser at the college of their choice about scholarships in order to determine whether they qualify for one. The student should also have knowledge on work study opportunities available to them as well as the different types of loans available. The FAFSA is usually filled after January 1st, but the earlier the student completes this form, the better.
However, some institutional aid may have their deadlines before this date. It is important for the student to mark each deadline and to ensure that they submit the forms before this date in order to qualify for their loans. The information on financial aid is a lot, and the entire process is very confusing and complicated.