MONEYSCHOOL'S Simplified Guide
to FAFSA and Federal Student Aid

Section 3: Federal Grant and Loan Programs

The Office of Federal Student Aid administers several types of grant and loan programs.  We discuss them here, but as an applicant you don’t really have to worry about the details.  When you submit a FAFSA, you will be considered for all available programs and Federal Student Aid will determine what type of aid you are eligible to receive.  

The types and amount of financial aid you are offered will depend on your financial need which is determined using the information you provide in your FAFSA.  The information in your FAFSA is also used by many schools to determine your eligibility for non-federal financial aid programs, including state grant programs.