Narrator:Begin Section 1: Federal Student Aid at a Glance—An Overview of the Process.
[Sound of telephone ringing]
FSAIC:Federal Student Aid Information Center. May I help you?
Student: Yes. I’m thinking about going on for more schooling after Igraduate from high school, but I am worried that I can’t afford it.FSAIC: Have you heard about Federal Student Aid? The U.S. Departmentof Education has over 80 billion dollars in Federal Student Aidmoney available.
Student:What is federal student aid?FSAIC:It’s financial help to help you pay for educational expenses at a college,vocational school, or graduate school of your choice.Student:What types of aid are available?FSAIC:There are three kinds of federal student aid: grants (money that you don’t pay back), work-study (money that you earn while attending school), andloans (money that must be repaid with interest).Student:What expenses does federal student aid cover? FSAIC:It covers tuition and fees, room and board, books and supplies, andtransportation. It also can help pay for a computer and for dependent care.
Student:Who gets federal student aid?FSAIC:To be eligible for aid you must, in general, demonstrate financial need, bea U.S. citizen (or, for most programs, an eligible noncitizen), have a validSocial Security number, and show you’re qualified to obtain a postsecondary education by having a high school diploma or GeneralEducation Development (GED) certificate, or demonstrate the ability to benefit from the education offered at a particular school by passing a test.Visit the financial aid office at the school or schools you are interested inif you have further questions about eligibility for federal student aid.Student:OK. I will. Now, how do I get federal student aid?FSAIC:You need to apply by Completing the
Free Application for Federal Student Aid
FAFSA on the Web
or you can fill out a paper FAFSA. Completing the FAFSA online is faster and easier, but it youdon’t have Internet access, you can get a paper FAFSA from a high schoolguidance office, a college financial aid office, a local public library, or from us at the same number you called: 1-800-433-3243.Student:I’ll make a note of that number. So when can I apply?FSAIC:If you are attending college during the 2007-08 award year (July 1, 2007through June 30, 2008), you can apply between January 1, 2007 and June30, 2008. But, you need to apply early!
Schools and states often useFAFSA information to award nonfederal aid. Their deadlines are usuallyearly in the year. You can find state deadlines at
FAFSA on the Web at
www.fafsa.ed.govor on the paper FAFSA. Also, be sure to check with theschools you’re interested in for their deadlines.
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