All financing for college students starts with the Free Application for Federal Student Aid (FAFSA). This document collects complete information about you and/or your family’s financial situation, and it’s used to determine your eligibility for grants and loans.

Grants are Golden
Landing a federal grant is like winning the lottery: It’s free money for school that you don’t have to pay back. As an added bonus, the majority of them renew annually, meaning you’ll get the same free money every year. They’re most commonly given to undergraduates, though some graduate students may be eligible for grants. The more grants you qualify for, the less you have to borrow and pay back later.

Subsidized Loans: The Next Best Thing
Your FAFSA is not only used to secure grants, but loans as well. There are two types of federal loans: subsidized and unsubsidized. Subsidized loans, given based on financial need, are the best loan option because they don’t accumulate interest while