College is a time for new experiences, new people, and unfortunately new debt. While it may be the best time of your life, you cannot ignore the student loan debt looming over your head (as easy as it may be). With rising tuition and demand for college education, student loans are now almost a necessity for a large majority of incoming college students.
If you happen to be in high school, then you may want to take a lesson from the college experience of millions who are kicking themselves for taking on student loan debt. There are viable alternatives to student loans; for instance, federal programs and private institutions offer grants and scholarships to aspiring college students. These are commonly referred to as “free money.”
How do you get a piece of that “free money” that is doled out every year? Check out some of these tips. Some of them refer to grants while others focus on scholarships, but they are different means to the same end: free financial aid.
Start with the FAFSA
If you have been avoiding the FAFSA, then you have been going about the process all wrong. The FAFSA (Free Application for Federal Student Aid) is step one when searching for financial aid at a university or college. Its importance really cannot be understated since it is the predominant way for the government to assess your financial needs.