Everything You Need to Know About Student Financial Aid

The video tutorial explains the complexities of student financial aid, focusing on two main types: merit-based and need-based aid. Merit-based aid is awarded based on academic and extracurricular achievements, often in the form of scholarships from schools or local organizations. Need-based aid requires filling out the FAFSA form, which determines eligibility for federal aid, including loans, grants, and work-study programs. The video also covers the importance of accurate FAFSA submission and the different types of financial aid available, such as the Federal Pell Grant and various loan options.

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