How much aid can you get from fafsa

You may also qualify for the federal work-study program , which helps you find a job, either on or off-campus, and pays you upfront so you can apply the income to your education costs.

The amount you receive through this program varies by school. Federal financial aid is calculated a little differently by each school, but they all use your FAFSA number to determine your specific financial need. Lying about income or moving money around can cause you to lose your award and be barred from receiving federal financial aid for the rest of your education. Need-based aid and federal student loans are the major sources of monetary support for students all over the United States, but they are not the only options to help you get through school.

You could qualify for state-based grants and scholarships, which also use the FAFSA to determine your eligibility. Hobbies, good grades, and many other skills can help you qualify for merit-based scholarships through your college or from businesses outside your institution. Many students also benefit from taking out private student loans. Compare Rates Now. Was this article helpful? Share your feedback. Send feedback to the editorial team. Rate this Article.

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This table shows the maximum and average amounts for various types of federal student aid for undergraduate students for Get a personalized estimate of your EFC with our financial aid calculator.

However, there are interaction effects between the amounts of the various types of awards. Based on data from the National Postsecondary Student Aid Study NPSAS , the actual average total federal student aid and actual average federal grants are lower than shown in the previous table.

Net price calculators. Next steps to determine how much financial aid you can get. On a similar note Dive even deeper in Student Loans. Explore Student Loans.