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 Every potential college student should fill out a federal student loan application. When you prepare
for college, you will hear a lot about a form called a FAFSA. When you fill out the federal student loan application, you are applying for help from a wide variety of sources. If eligible, you could receive a PELL grant, unsubsidized Stafford loans, subsidized Stafford loans, a state grant, and various other grants and loans. Grants do not have to be repaid. That is free money for you to use to further your education. The difference between unsubsidized and subsidized Stafford loans lies in the way that the interest accrues. Some Stafford loans accrue interest while you are a student. Others do not begin to charge interest until after you graduate from college. Loans can be repaid immediately, or you can defer payments until after you graduate. If you choose to defer your loan payments, you will not begin to repay the money that you borrowed until six months following your graduation or the day in which you are no longer considered a student at an eligible school. This grace period allows you time to find a job and begin receiving a steady source of income. If you do not fill out the federal student loan application, you may be missing out on free money for college. There is no application fee, so there is no excuse not to fill out the form. You can do it online or by mail. The form also assists interested students in finding a work study program, which allows students to earn money while in college. . Student
Loan Application:
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This
is the Federal Application for Student Aid. Every potential college student should
fill out this federal 
