What types of financial aid are available through FAFSA?

FAFSA offers various types of financial aid to help students afford their education. The aid programs available include grants, which are funds given based on financial need and do not require repayment. There are federal grants such as the Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), and Teacher Education Assistance for College and Higher Education (TEACH) Grant. Additionally, FAFSA provides work-study programs that offer part-time employment opportunities for students to earn money to pay for education-related expenses. It also offers federal student loans that need to be repaid, but with comparatively lower interest rates and flexible repayment options. The loans include Direct Subsidized Loans, Direct Unsubsidized Loans, and PLUS Loans for graduate students or parents. FAFSA ensures that students have access to a wide range of financial aid options to support their educational pursuits.