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SENIORS! With graduation approaching faster and faster, it’s important to be preparing for the future. Part of this preparation is figuring out how to afford life after OA and making it as easy a transition as possible.
Many students receive financial aid money from the government to be able to afford college, and FAFSA (Free Application for Federal Student Aid) applications are due on March 2nd! This form is what you must fill out to apply for grants, loans, and work-study. Over $150 billion dollars are given yearly.
The Department of education offers multiple types of financial aid. The pell grant is a grant of up to $5,815 for low income students. They have two types of loans. One is subsidized, meaning the government pays off the interest. The unsubsidized loan has an interest rate of 4.29%, which is payed off by the student. They also offer work-study, where the student gets a part time job to pay for their schooling. The government pays for half of the students salary and the school pays for the other.
As long as you are a US citizen and are graduated or will be graduated from high school, you are eligible to apply for financial aid. To access the FAFSA, go to FAFSA.GOV and make sure you have your tax information ready. This is an opportunity for some extra help that no one should pass up on!