Background
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Students generally categorize college financial aid into two types: the “good kind” and the “bad kind.”
The good type of financial aid being grants and scholarships–essentially free money.
The bad type being student loans, which are factored into the financial aid award letters students receive before the start of the college school year.
In order to qualify for the federal grants and loans, student need to fill out a Free Application for Federal Student Aid, the FAFSA.
State vs Federal Options
Students can get grants and scholarships from the state and federal governments, as well as from private donors or organizations.
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