The FAFSA, or Free Application for Federal Student Aid, is a standard financial aid application form used to qualify for financial aid from the federal government, state governments, and the majority of colleges and universities. Every year on October 1st, the FAFSA application season officially begins.
Federal Stafford loans, also known as Direct Loans, are a popular way to help pay for education. They are shorthand for subsidized and unsubsidized loans. More than 33 million borrowers in the United States hold one (or more) of these loans, according to the Department of Education.
University education can be extremely costly in the USA. It is not only the tuition fee that dries up the bank accounts, but there are other costs that will also add greatly to the total costs, such as housing expenses, accommodation costs, and insurance costs, etc. There are some other miscellaneous expenses to the overall number that add up. These costs, especially for working-class parents, can be very demoralizing for an ordinary middle-class student. Education loans are wonderful, but rising interest rates are demoralizing once again. Any financial assistance can be very useful in such a situation and can ease your life as well as the life of your parents.
