Are You Eligible To Receive A Federal Student Aid?

by: TopGovernmentGrants Editorial Staff

Every college student knows how expensive a college education can get. Most college students opt to go for private student loans with very high interest rates. In most instances, this happens because most students are unaware of the federal student aids that are offered by the federal government.

The United States Department of Education has been successfully running the Federal Student Aid program for several years now. In that period of time, the program has become America's largest source of financial student aid with over $150 billion in grants, work-study programs, and federal loans for students attending four-year colleges or universities, community colleges, and career schools.

The Department of Education offers several types of educational financial assistance such as grants, federal loans, and work-study programs. It is very much essential for student to determine which type of assistance will best suit his/her financial needs.

Most college students, however, are hesitant to procure federal student aid because they are not familiar with the program's eligibility requirements.

The eligibility for most federal student aid is usually based on financial need and several other factors that need to be taken into consideration. That said, some of the most fundamental eligibility requirements to receive a federal student aid are the following:

  (continued...)

Are You Eligible To Receive A Federal Student Aid?
  Page 2

About The Author The TopGovernmentGrants Editorial Staff maintains one the most comprehensive Websites offering information on government grants and federal government programs. The staff also provides resources to other Websites with information on environmental grants and grants for youth programs.

Additional Resources

category - Education Grants

Financing Your Education with Federal Supplemental Educational Opportunity Grants
Federal Supplemental Educational Opportunity Grants assist those undergraduate students enrolled in a postsecondary education that cannot afford their educational expenses without financial assistance. The grant is in place to help them meet their educational expenses to the successful completion of a postsecondary degree.

---

Financing Your Education - Federal Perkins Loans
The Federal Perkins Loan Program helps those undergraduate postsecondary students that cannot afford their educational expenses without financial assistance with a low interest loan. The loan is in place to help them meet their educational expenses to the completion of a postsecondary degree.

---

Financing Your Education - Work Study Opportunities
The Federal Work-Study Program assists those undergraduate postsecondary students that cannot afford their educational expenses without financial assistance by providing them with part-time employment. Not only does the Federal Work-Study Program provide part-time employment, it also encourages these students to participate in community service activities.

---

Student Loans Available Directly from the Federal Government
There are different variations of a Federal Direct Student Loan available; these are dependent on whether or not the student is eligible for government assistance. Need based programs include the Stafford Loan and the Direct Subsidized Loan; while non-need based programs are the Direct PLUS program, and the Direct Unsubsidized Loan.

---