Check out this video to learn about grants, loans, and work-study jobs and how they can help fund your education. (Captioning available in English and Spanish; just start the video and click on the CC symbol at the bottom.)
The U.S. Department of Education awards more than $120 billion a year in grants, work-study funds, and loans to more than 13 million students. Federal student aid covers such expenses as tuition and fees, room and board, books and supplies, and transportation. Aid also can help pay for other related expenses, such as a computer and dependent care. Thousands of schools across the country participate in the federal student aid programs; ask the schools you’re interested in whether they do!
Federal student aid includes:
Grants—financial aid that doesn’t have to be repaid (unless, for example, you withdraw from school and owe a refund)
Loans— borrowed money for college or career school; you must repay your loans, with interest
Work-Study—a work program through which you earn money to help you pay for school
Try This Resource FAFSA4caster—A financial aid calculator that gives an early estimate of eligibility for federal student aid.