Financial Aid Archives | UStrive Blog

29May

By Taran SoodanNo Comments

What is the Federal Work-Study Program?

How does the Federal Work-Study Program Work? With COVID-19 hitting every sector of the economy, it's getting harder for college students to live a comfortable life while in college. As a student, your finances are an essential part of your life that needs significant attention. You need money for your tuition fees, study materials, rent, and living expenses. While some students have parents that can easily afford all these, most students aren't that lucky. First-generation college students are among those who are most likely to pay for college out-of-pocket. But there are many funding opportunities available to US students. One of them is The Federal Work-Study Program. It's a way for students to earn money to pay for school through part-time on-campus (and sometimes off-...

Filing FAFSA | What if you Miss the Deadline?

Everything You Need to Know about Filing FAFSA Financial aid is a blessing for a large majority of aspiring college students. It serves as the first step in the way of achieving their dreams and uplifting their murky financial situation. One might assume that applying for financial aid is just a click away, given the progressive move towards online applications. However, it is not. If you were to evaluate the application closely, there are a lot of moving pieces or requirements that need to be accounted for when filling a financial aid like the FAFSA. This post summarizes everything that a potential FAFSA applicant needs to know about the process and how they can improve their chances of getting aid by focusing on some key points. What is FAFSA? Federal student aid is the large...

The Guide to FAFSA and Payback

Do You Have to Pay Back FAFSA? FAFSA is a prerequisite to determine whether a student qualifies for financial aid issued by the US Department of Education. FAFSA is one of the most important documents to be filed before you begin your college education. For many first-generation college students, it’s the best way for them to fund their education. Given the nature of FAFSA, there are certain questions that might pop up on a student’s mind about how it really works. One common question we always hear is, “Does FAFSA need to be paid back?” In short, NO! FAFSA doesn’t have to be repaid once awarded. The simple reason being that FAFSA is not a loan in the first place. The only financial aid you have to payback is loans. Unlike a student loan issued by a bank, the FAFSA serves a comple...