March 16, 2010
What is financial aid and how does it work?
If I were to attend a university and apy for financial aid, how much do they usually give? How is it distributed? Does it last all 4 years?
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Filed under Financial Help by on Mar 16th, 2010. Comment. 
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Comments on What is financial aid and how does it work?
If you go to any college site and look the FAQ related to financial aid, it will answer your questions.
The package and what/how varies from college to college.
You have to apply for financial aid every year. I had an EFC of 0 which stands for estimated family contribution and I got a federal pell grant of 5350 which is for the entire year. I go to community college and it is barley enough to cover both of my semesters with books. I’m pretty sure if your looking to go to a university you might want to look into scholarships and you can also get low intrest loans that you pay off AFTER you graduate. Good luck with furthering you education…
http://www.fafsa.ed.gov
http://www.fastweb.com/
-also it depends on the school but my school sends a check 2 weeks after the semester starts-
I’m interning for this website gofinancialaid.com. check it out, it will answer a lot of your financial aid questions. I’m writing for the blog , feel free to comment and let me know if it helped!