Applying for financial aid for college is a crucial step in the college application process. It can help students and their families pay for the cost of tuition, fees, and other expenses. There are many different types of financial aid available, including grants, scholarships, loans, and work-study programs. To apply for financial aid, students must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is used to determine a student’s eligibility for federal and state financial aid. Students can also apply for financial aid from colleges and universities directly.
Financial aid can make a significant difference in a student’s ability to attend college. According to the College Board, the average cost of tuition and fees at a four-year public college is over $20,000 per year. The average cost of tuition and fees at a four-year private college is over $40,000 per year. Without financial aid, many students would not be able to afford to attend college.