HOW FAFSA WORKS FOR GRADUATE SCHOOL
Filling out the FAFSA application is the first step to receiving grants, loans, and work study funds provided from the Federal Government for domestic students and permanent residents.
The fastest way to apply for aid is to visit the FAFSA.GOV website, which provides detailed information and step-by-step instructions on how to begin the application process. Make sure you have all the necessary documents and information you may need to fill out the FAFSA form. For example, you will need your social security number, your permanent resident card if you have one, any W-2 forms or records of money you earned for the previous year, and your tax records,
The FAFSA site is available in English and Spanish. Online help is also available on the website. Usually, the application process can be completed in 1/2 hour or less. There is a 3 minute introduction video available to view before filling out your application.
Students with exceptional financial need might qualify for Perkins Loans, which award up to $8000 annually and have a 5% interest rate. A Federal Perkins Loan is a need-based student loan offered by the US Department of Education to assist American College students in funding their post-secondary education.
Visit studentaid.ed.gov which provides info on the William D. Ford Federal Direct Loan – the largest federal student loan program. It offers direct unsubsidized loans and direct PLUS loans.
Also visit studentaid.gov/types for additional tips, and irs.gov for information on education tax credits you might be able to receive.
Remember that the return on your personal and intellectual investment may be measured not only monetarily but also personally and professionally. You will sharpen your skills and deepen your understanding in and beyond your field, increase your network, build life long relationships and friendships which all will situate you for a purposeful life ahead.