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Understanding Federal Student Aid

Federal student aid helps millions of students afford college through grants, work-study, and loans that don’t require credit history or collateral.

What is FAFSA?

The Free Application for Federal Student Aid (FAFSA) is your gateway to federal grants, loans, and work-study funds.

Mark These Important Deadlines

For 2025-2026, submit your FAFSA by June 30, 2026. Make corrections by September 12, 2026. Earlier submission increases your chances for maximum aid.

How to Apply for Federal Aid

Create your FSA ID, gather tax information, complete the FAFSA at studentaid.gov, and use the IRS Data Retrieval Tool for accuracy.

Types of Federal Student Aid

Grants (free money), work-study (part-time jobs), and loans (must be repaid). Pell Grants provide up to thousands per year for undergraduate students

Understanding Your Aid Offer

After submitting FAFSA, you’ll receive a Student Aid Report and financial aid offers from colleges. Compare offers carefully before deciding.

The Verification Process

About 1 in 3 FAFSA applications are selected for verification. Be prepared to provide additional documentation within 15 days if requested.

Major Changes Coming in 2026

The SAVE Plan is ending, and new repayment options will be available, including the Standard Repayment Plan and Repayment Assistance Plan (RAP).

New Borrowing Limits for Grads

Starting July 1, 2026, graduate students will face new borrowing limits as the grad PLUS program changes, potentially affecting access to pricier grad

Stay Informed, Stay On Track

Visit studentaid.gov regularly for updates, maintain good academic standing to keep your aid, and reapply each year with a new FAFSA.