You don't have to be a CPA to realize the cost of higher education is, well, higher. According to the nonprofit website FinAid!, tuition increases average between 6 and 9 percent each year. These rising costs have students across the country asking, "How am I going to pay for this?"
The first thing students should consider is federal financial aid. These programs exist to help students afford higher education. Many students and families fall prey to the myth that they won't qualify for help. In reality, there's only one way to find out what federal aid you can receive -- you have to apply.
What IS federal financial aid, exactly?
Federal financial aid is money for a student's educational expenses, paid through grant and loan programs by the federal government. Grants are not paid back. Loans are. Except for some loan programs, eligibility is based in part on need.
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