Who Qualifies for Financial Aid for College—Everything You Need To Know
Getting financial aid when you’re a student can be crucial because most colleges have sky-high tuition fees. DoNotPay provides valuable information on who qualifies for financial aid for college and answers any questions that you might have about financial aid, such as how to:
- Get additional financial aid
- Get financial aid for graduate schools
- Appeal unsatisfactory financial aid offers
You can to draft an appeal letter if your college of choice rejects your financial aid application.
What Is Financial Aid for College?
College financial aid refers to the money that students get as help for paying education-related expenses. There are several financial aid options, as explained below:
- Grants—Financial aid of this sort doesn’t need to be paid back and is usually provided by the federal or state government
- Scholarships—Students don’t need to return this type of financial aid either. Scholarships are based on talent or merit and are usually offered by:
- Schools
- Employers
- Individuals
- Private companies
- Nonprofits
- Student loans—This financial aid option requires you to return the money back, along with the interest that is accrued during the loan period
- Work-study jobs—You can use this option if you are a graduate or undergraduate student who can do part-time jobs to help pay their tuition or other fees
What Are the Eligibility Criteria for Getting Federal Financial Aid?
Most U.S. citizens are eligible for financial aid in college, but it is essential to understand the criteria first. You must:
- Qualify to get a college education either by having:
- A high-school diploma
- A General Educational Development (GED) certificate
- Completed homeschool education program approved under state law
- Be enrolled as a regular student in an eligible degree or certificate program
- Be registered with Selective Service (only for males between 18 to 25 years of age)
- Have a valid Social Security Number unless you are from:
- Republic of the Marshall Islands
- Federated States of Micronesia
- Republic of Palau
- Sign a statement on the FAFSA (Free Application for Federal Student Aid) form confirming that:
- You will only use the aid for educational purposes
- You are not in default on a federal student loan
- You do not owe a refund on a federal grant
- Maintain good academic progress in college
How To Get Approved for Financial Aid—Residency Requirements
In addition to the above-mentioned requirements, you must also fulfill one of the following conditions:
- Be a U.S. citizen or U.S. national
- Have a green card proving you are a U.S. permanent resident
- Own an arrival-departure record
- Have battered immigrant status if you are a victim of abuse
- Have a T-visa or a parent with a T-1 visa
What Do I Need To Apply for Financial Aid?
As a prospective college student who may be struggling financially, you should start researching options to lower future university expenses as soon as possible. Here’s what the process generally looks like:
Steps To Take | Explanation |
Planning and researching | It is essential to plan your college applications and ways to pay related expenses while you’re still in high school. Ask for guidance from family members, your school’s counselor, or search online for different types of available financial aid |
Filling out the FAFSA form | This is the mandatory step because colleges use your information from this form to check your financial aid eligibility. Once you submit the form according to the deadline, you will receive the Student Aid Report (SAR) that you should inspect carefully. Universities will contact you directly with their offers |
Reviewing the aid offer | The aid offer has the following details:
If you get offers from several universities, you can compare costs and aid awards, choose the best one, and accept it |
Getting financial aid | The financial aid office is responsible for applying the award to the amount you owe your college. Once that is paid, they will send the rest of the money to you to spend on school expenses.
Bear in mind that you must do the following to maintain your financial aid:
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Has Your College Rejected Your Financial Aid Application? Use DoNotPay To Appeal!
If the college you want to attend rejects your financial aid application or offers too little, you can send an appeal letter to ask them to reconsider their decision. In case writing official letters is not your strong suit or you don’t want to waste your time and effort writing one, let DoNotPay do it for you! We can generate a strong, professional appeal letter for you in the blink of an eye!
Here’s what you need to do:
- from your web browser
- Type Appeal for More Financial Aid in the search bar
- Provide the amount of financial aid that other colleges have granted you if you have applied to more than one school
- Enter information about your family’s current financial status, including any financial difficulties you’re facing
And you’re done! We will draft your financial aid appeal letter and send it to your college’s financial aid office on your behalf!
Don’t put all your eggs in one basket—check out our articles about financial aid programs of the best U.S. universities, such as:
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