Financial aid is money that helps students afford the cost of college tuition. Financial aid can also help cover the cost of books, room and board and other costs associated with higher education. There are four basic categories of financial aid:
How to Apply for Financial Aid
Students are encouraged to complete the Free Application for Federal Student Aid, or more commonly known as the FAFSA. The FAFSA is used to determine financial eligibility.
Some colleges/universities also have a supplemental form to complete for financial aid. If the college/university you are planning to attend does not send you information, feel free to check with them if they require incoming students to complete any supplemental forms.
Becker High School hosts a Financial Aid night hosted by St. Cloud State University each year in January. This is a valuable time to obtain more information and ask questions.
FAFSA (Free Application for Federal Student Aid)
The Free Application for Federal Student Aid, www.fafsa.ed.gov, is where students will complete the financial aid for college. The form is typically completed online and information such as family income, assets and your residence status will need to be entered. Students can begin completing the FAFSA after January 1st of the year planning to attend college. Since information regarding the previous year's income is required, most families cannot submit the FAFSA until the end of January or early February.
You will create a FSA ID (Federal Student Aid ID) username and password.
*Will be used for all federal student aid websites
*Single sign-on process to access these sites
*Student and parent will each have a FSA ID (student and parent must register with separate email addresses)