Editing FAFSA (section)

==Types of federal financial aid==
[[Federal Student Aid]] offers several different types of financial aid programs.<ref>{{Cite news |title=Time is running out to fix America's student-aid mess |url=https://www.economist.com/united-states/2024/05/21/time-is-running-out-to-fix-americas-student-aid-mess |access-date=2024-10-04 |newspaper=The Economist |issn=0013-0613}}</ref>

* [[Pell Grant]] – A grant of up to $6,195 (as of the 2019–2020 Award Year) for students with a low expected family contribution.<ref>{{cite web|title=2015-2016 Federal Pell Grant Payment and Disbursement Schedules|url=https://ifap.ed.gov/dpcletters/GEN1502.html|access-date=2015-10-27|archive-date=2017-05-13|archive-url=https://web.archive.org/web/20170513113815/https://ifap.ed.gov/dpcletters/GEN1502.html|url-status=dead}}</ref> A 2018 NerdWallet study found that students missed out on $2.6 billion in free federal Pell grants by not completing the FAFSA.<ref>{{Cite web|url=https://www.nerdwallet.com/blog/loans/student-loans/college-students-fafsa-money/|title=FAFSA Guide: How to Get Free Money for College}}</ref>
* [[Federal Supplemental Educational Opportunity Grant (FSEOG)]] – A grant between $100 – $4,000 for eligible students and the award is available for Undergraduate students. This grant money is limited at colleges and universities and usually is given to those who have completed their FAFSA application early and are eligible to receive this grant. 
* Federal Direct Subsidized Loan – Part of the [[Federal Direct Student Loan Program]], Federal Direct Subsidized loans are need-based loans whose interest is paid by the government while the student is enrolled at least half time. Direct Subsidized Loans have fixed interest rates for the life-time of the loan. The interest rates for new loans are set yearly by the U.S. Congress.
* Federal Direct Unsubsidized Loan - Part of the [[Federal Direct Student Loan Program]], Federal Direct Unsubsidized Loans are not need-based, meaning that nearly all students are eligible to receive them. Unlike Federal Direct Subsidized Loans, Direct Unsubsidized Loans accrue interest the moment they are applied to a student's tuition account. Similar to Direct Subsidized Loans, Direct Unsubsidized Loans have fixed interest rates that are set yearly by the U.S. Congress. 
*The [[Federal Work-Study Program]] – An employment program that encourages students with low expected family contributions to find part-time work while pursuing their studies. The program allows the federal government to subsidize a student's employer by paying around half of the student's wages up to a certain amount. Students do not need to have Federal Work Study to work but some university or non-profit positions may require a student to have Federal Work Study in order to be employed.