FASA ''The financial aid
The financial aid that a student receives from submitting the FAFSA is supposed to be money that pays for their full cost of college , also known as the “cost of attendance.” This cost doesn't just apply to the tuition and fee expenses of the student. ... They are going to want you to pay for some of those expenses as well. How does the financial aid work? Start with the Free Application for Federal Student Aid (FAFSA), which you should complete after January 1st your senior year. Then check out the requirements for the schools where you're applying. They may have their own forms, or use the CSS/ Financial Aid PROFILE Form for non-federal aid . A - The three main forms of financial aid (outside of scholarships) are grants, work-study, and loans . Only the portion of the money you get as a result of having filled out the FAFSA that is called loans will have to be paid back. ... Student loans , however, have the most favorable terms.