If you are a high school student or an adult who desires to enter college, the good news is that money is available for almost all applicants.

The Federal government has long been willing to invest in the education of America’s students, doing what it can to increase the number of college graduates. A better educated work force means American companies retain a competitive edge in many fields, and it also means higher wages, and more taxes, so in the end the government loan and grant programs more than pay for themselves.

The Direct Federal Loan Program is the core program offered by the government, and nearly every student seeking financial aid will qualify for this program. If you don’t it’s likely because you’ve got great wealth, and paying for college would not represent a financial burden anyway.

The Federal Family Education Loan Program, or FFELP, is another program with a very high acceptance rate. The funds, rather than coming directly from the government, are provided by private lenders, though guaranteed by the federal government.

The place to start in seeking to qualify for these programs is to fill out the Free Application for Federal Student Aid, the FAFSA. Get started at least six months ahead of the time you want to start classes, and you should be approved in time.

This article used to be published at the FedTuition.com website, which has been discontinued.

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Filed under: Government Assistance