Types of Financial Aid

The federal government is the largest financial aid provider in the nation. Types of financial aid for college that the federal government offers include loans, grants, and work-study funds. However, navigating the financial aid process can often be confusing for students and their families. A good starting point is to first learn about the different types of financial aid that are available, as well as how that aid is funded. Anyone who wants to apply for federal financial aid must file the Free Application for Federal Student Aid (FAFSA). In addition, scholarships and private loans are available as well.