7 Federal Student Aid Terms Made Simple

Guide to Understanding Federal Student Aid Applying for federal student aid can be rather intimidating. Students and parents are often concerned with who gets federal financial aid, how much you can receive, and how the overall process works. Understanding the following 7 terms will help ease the financial aid process, and get you one step closer to paying for college. FASFA: Free Application for Federal Student Aid or FASFA is the form a college student is required to fill out in order to receive any form of federal funding to pay for their schooling. When filling out your form, in …