Guide Note
Financial Aid, whether in the form of direct grants or federal student loans, makes it possible for many students to attend
college or graduate school even if they cannot afford it.
Fast Facts
- 68.6% of students at public colleges or universities receive some form of financial aid.
- 83.3% of students at private colleges receive some form of financial aid.
- In 2006, students still borrowed almost $78 billion in 2006 to finance their education.
- To apply for financial aid, you'll need to fill out a FAFSA, the Free Application for Federal Aid.
- The FAFSA deadline for the 2007-2008 school year is June 30, 2008.
- The FAFSA deadline for the 2008-2009 school year is June 30, 2009.
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