Should I apply for financial aid?

Everyone should apply for financial aid, regardless of the family’s wealth

There are three strong reasons why you should complete the federal financial aid form, called the FAFSA (Free Application for Federal Student Aid):

2. To automatically establish a line of credit with the federal government that will allow the family to borrow as much low-interest, unsecured money as it needs to help with all college costs not covered by financial aid. If you don’t get enough financial aid from the college, you can turn to this reliable source of money.

Low interest loans from the government provide some significant benefits:

 

Financial Aid Basics