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Federal Student Aid is an office of the U.S. Department of Education that provides financial assistance to students pursuing higher education. Its mission is to ensure that all eligible students can benefit from federal financial aid programs, thereby making college education more accessible and affordable.
Federal Student Aid administers a variety of programs, including grants, loans, and work-study opportunities. These programs are designed to help students cover the costs of tuition, fees, room and board, books, and other educational expenses. The most well-known grant program is the Pell Grant, which offers need-based aid that does not need to be repaid.
Loans offered through Federal Student Aid include Direct Subsidized and Unsubsidized Loans, as well as PLUS Loans for parents and graduate students. These loans typically offer lower interest rates and more flexible repayment options compared to private loans. Additionally, the federal government offers loan forgiveness programs for borrowers working in certain public service fields.
You can find additional information on the official website.
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