Going to college is, no doubt, expensive. That is why colleges and universities hand out scholarships to students to help lower the cost.
But scholarships are not the only thing out there that can help lower the cost of tuition for a student.
There is also the Federal Student Aid (otherwise known as Free Application for Federal Student Aid, or FAFSA). FAFSA can help students tremendously by giving out subsidized and un-subsidized loans to lower the cost of tuition.
In order to get a loan from FAFSA, students have to apply for student aid through the FAFSA website. Take note that in order to receive aid for each academic year, students must apply for FAFSA each year through the FAFSA website. To do so follow the steps below:
- For all returning users press the "Login" button. For all new users click on "Start A New FAFSA."
- When prompted to enter the school code for Kean University, enter: 002622.
- Fill in all the necessary requirements (which includes a student's parents' IRS tax returns from the current year).
- Once all the information is complete, review the application before hitting "Submit" to make sure everything is correct.
- Students who will be attending Kean University in the 2017-2018 academic year should complete the FAFSA by the priority deadline of Monday, April 15, 2017 to receive an award as soon as possible.
Students can receive several types of aid from FAFSA besides loans. Students can also receive grants and federal work study. Below is more information about loans, grants and federal work study.
Loans: As noted before there are two different types of loans students can get, an unsubsidized and a subsidized loan. But what is the difference between the two? When a subsidized loan is taken out, the government pays the interest while the student is in college. When an unsubsidized loan is taken out, interest is charged as soon as the loan is taken out. Students do have to pay back their loans. Six months after a student graduates, or drops out of college, is when they have to start repaying their loans.
Grants: A grant is awarded to students that show they have financial need. Repayment is not required when a grant is given to a student.
Federal Work Study: Students will receive a part-time job, which will allow the students to earn money to help pay for their education.
Students can also combine scholarships with financial aid if need be.
For any questions regarding FAFSA, please visit the Kean University financial aid website or visit the office in the Administration Building on the first floor. The hours of the Office of Financial Aid are as listed below:
Monday, Tuesday and Thursday: 8 a.m. to 6 p.m.
Wednesday: 8 a.m. to 8 p.m.
Friday: 8 a.m. to 5 p.m.
Saturday: 9 a.m. to 1 p.m.
Students can also contact the Office of Finical Aid by calling 908-737-3190 or emailing finaid@kean.edu.
