When it’s time to go to college, financial aid may seem like the luck of the draw. For many applicants, knowing who receives funding and how much may seem like a mystery.
Every year, the Federal Student Aid office goes through roughly 20 million financial aid applications. In determining who is eligible, some specific guidelines, requirements, and formulas are reviewed and calculated to determine the outcome.
Student financial aid in the US is funding that’s only available to students looking to attend post-secondary education. The purpose of this funding is to help cover many of the costs that come with this education.
Financial aid is available from federal, state, and educational institutions, as well as various private institutions such as foundations. These may come in several forms including grants, education loans, work studies, or scholarships.
If you’re asking yourself whether you qualify for federal financial aid, then look no further. Below, we’ll provide a short rundown of some essential eligibility requirements that you need to know. You can also contact us today and we can put you in contact with our Financial Aid team.
Basic Criteria
The first requirement that determines eligibility is the financial need. Most programs such as Federal Pell Grants, Federal Work-Study, and Subsidized Direct Loans require you to provide proof that you do, indeed, require financial aid. Generally, the lower the family income is, the likelier you are to receive such assistance. You might also win out if you are attending an expensive school, or have a sibling who’s already in college.
Other basic criteria include:
- US citizenship or Green Card.
- A valid Social Security Number.
- Registration with the Selective Service.
- Acceptance or enrollment in an eligible degree or certificate program.
- Maintain satisfactory academic progress.
Submitting a FAFSA
To receive federal financial aid, you will also have to send a Free Application for Federal Student Aid (FAFSA). It is a form in which you will provide various details including your financial situation, family circumstances, the college or learning program you want to attend, and other such information that will verify your need and eligibility for this aid. You have to disclose if you have any other federal student loans currently in default and if you owe funds on a federal student grant. You must agree to use these funds exclusively for educational purposes.
If you don’t fulfill these requirements, there’s a strong chance that you will not be eligible. Nevertheless, there are some ways to address these issues, as well as others that may deny you funding so that you can become re-eligible.
Conclusion
These regulations may seem like a hindrance that keeps you away from the necessary funds to have access to higher education. But by knowing the requirements, accessing federal financial aid will become much more comfortable.
Federal Financial Aid is available at MyComputerCareer to all those that qualify. Our organization specializes in technical training, certification preparation and job placement support in the IT sector. MyComputerCareer is nationally accredited by the Accrediting Council for Continuing Education and Training (ACCET) and recognized by the Department of Education.
Qualified students may also be eligible for Pell Grants, low-interest Stafford loans, as well as Parent Plus loans. Apply today and kick start your career in Information Technology.
About MyComputerCareer
Based in Holly Springs, North Carolina, MyComputerCareer, Inc. is an innovative adult technical school with courses taught online and at its seven campuses in Indiana, Ohio, North Carolina and Texas. Students who complete MyComputerCareer’s rigorous Information Technology courses may earn up to 13 highly valuable IT Certifications in areas ranging from Operating Systems to Computer Networks and Cyber Security, certificates often required even for those with four-year college degrees. In addition, these courses form the foundation for students interested in obtaining an Associate’s degree from MyComputerCareer.
GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at https://www.benefits.va.gov/gibill.
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