Q: What is the point in applying for FAFSA, private student loans seem easier, and a student loan is a student loan, they all have to be paid back, so what’s the point?
A:First let me say you are doing yourself a real disservice by skipping over FAFSA and going right to private student loans. FAFSA is your gateway to federal financial aid, which should always be MAXED out before private student loans even enter your mind… just a fact.
Millions of college students who would be eligible for Pell Grants, Perkins Loans and Stafford loans (which you can only get by apply for FAFSA) do not get to utilize these college financial aid resources, simply because they do not take the time to fill out FAFSA. There is simply NO benefit in NOT applying for FAFSA, even if you do not receive any aid, there is no harm in trying.
FAFSA is free, can be done online, and with the the necessary information at hand will not be a burden to complete. FAFSA has also announced that in 2010 in will be making changes to make the processes quicker and easier than it was previously, so DO apply for FAFSA and good luck!
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