What can financial aid be used towards?

What can financial aid be used towards?
What can financial aid be used towards?

What is federal financial aid?

Financial aid helps students and their families pay for college. The first step when applying for financial aid is filing the Free Application for Federal Financial aid, also known as the FASFA®. Filing this free application automatically applies students for grants, scholarships, work-study programs, and low-interest federal loans.

Financial aid awards may include a combination of the various types of aid – some of it free aid and some of which you will have to pay back. 

What can federal financial aid be used for?

Many think that financial aid only covers tuition, but it actually helps cover your total cost of attendance! The total cost of attendance, also known as COA, includes tuition, school fees, room & board, books, school supplies, transportation, and even childcare!

For a more in-depth guide on everything financial aid, click here.

Who can apply for federal financial aid?

Students must have earned their high school diploma, GED, or homeschool equivalent, or be in the final year of such a program in order to file a FAFSA® and apply for financial aid. 

That means students typically can’t file a FAFSA® until October of their senior year in high school.

Younger students are encouraged to use Frank’s college preparation checklist throughout their high school years.

Have more questions about financial aid or the FAFSA® application? The Frank Team is here to help. You can reach us via email at support@withfrank.org or text us at (347) 690-7886.