Thursday, February 25, 2010

Financial-Aid form for Education Loan

For high school seniors applying to college — and students already in college — the time is now to fill out financial-aid applications. The FAFSA, the most important part of the application, is due in California on Tuesday.
It stands for Free Application for Federal Student Aid. The FAFSA is the most important document for anyone seeking scholarships, grants or loans to help pay for college. It looks complicated. Why should I fill it out?
A completed FAFSA is required to receive almost every type of financial aid. It's required for federal aid such as Pell Grants, state aid such as Cal Grants and aid that comes directly from colleges and universities.
And you have to fill one out each year that you want financial aid. What's different about the FAFSA this year?
The online application has been shortened so that if you answer "no" to one question, you don't have to answer any related questions because it skips ahead to the next section.
"It's going to be a great deal easier for students to use," said Carol Mills, a counselor at Luther Burbank High School in Sacramento. "It doesn't take as long."

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