Need-Based Financial Aid: What It Is and How to Qualify

"If you can’t pay for college out of pocket, you can apply for need-based financial aid. Need-based financial aid is college funding that is awarded based on your financial situation. Federal need-based aid is available through the Free Application for Federal Student Aid (FAFSA); here’s how to apply," Bankrate reports.

..."Even if you don’t think that you stand a chance at earning financial aid, it’s important to always fill out the FAFSA. 'Many families may assume their income is too high for them to qualify for any federal need-based aid,' says Erin Powers, a spokesperson for the National Association of Student Financial Aid Administrators (NASFAA). 'But in actuality there is no income cutoff to qualify.'"

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.


Publication Date: 6/20/2022

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