Everything You Need to Know About Student Financial Aid

The video tutorial explains the complexities of student financial aid, focusing on two main types: merit-based and need-based aid. Merit-based aid is awarded based on academic and extracurricular achievements, often in the form of scholarships from schools or local organizations. Need-based aid requires filling out the FAFSA form, which determines eligibility for federal aid, including loans, grants, and work-study programs. The video also covers the importance of accurate FAFSA submission and the different types of financial aid available, such as the Federal Pell Grant and various loan options.

What types of financial aid are included in a financial aid offer?

What is the Federal Pell Grant and who qualifies for it?