In this era of digital age, education online is becoming more and more popular as earning degree or academic qualification is getting so much easier than its never before. Now you can overcome the restrictions and hurdles which are making it difficult for you to complete your education or to take your academic qualification a step further, one of the biggest hurdles for most of the students is Cost, but Online Colleges that accept FAFSA (Free Application for Federal Student Aid), makes it’s easy for students to pursue their goals with facility of FAFSA.
Here in this blog, we will try to explore about the online colleges that accept FAFSA, and guide you how to apply for this financial aid, and discuss some tips also to maximize the full use of this facility with online education.
What is FAFSA and Why is It Important?
First of all, we discuss what is FAFSA, U.S Education Department of Education provides a free application which determines the student’s eligibility for Federal Financial Aid, which includes different grants, work-study programs, and federal student loans.
Now with the popularity and more demand of online education, many accredited online colleges start accepting FAFSA, which allows students to get benefits of Federal Financia Aid during their online learning. Now you can apply and gain access to this facility while pursuing your online bachelor’s Degree, Online Master’s Degree or even if you are doing online Certification.
Top Online Colleges That Accept FAFSA
For your convenience we list down some of the renowned and accredited colleges that accept FAFSA:
1. University of Phoenix
One of the most renowned Online Institution in USA is University of The University of Phoenix, who offers a huge range of Online Under-graduate and Online Graduate programs, as it is also a FAFSA approved school, it offers students access to Federal Financial Aid options like Pell Grants and Stafford Loans.
2. Southern New Hampshire University (SNHU)
For affordable and high-quality online education, Southern New Hampshire University ranks among the leaders in the list. It offers more than 200 online degree programs and several Financial Aid Opportunities through FAFSA. SNHU is one of the most viable options for the students who want to pursue their education online and looking for cheap online degree programs.
3.Capella University
Another renowned name is Capella University who not only offers various degrees online in fields like healthcare, education, business etc. As well it is a FAFSA participating school which means it also offers access to different Federal Grants and Loans to the students to cut the cost of their online education.
4. Walden University
Another FAFSA approved University which offers various online programs for both under-graduate and graduate students is Walden University. As Walden University is among the Online Colleges that accept FAFSA, they provide students the opportunity to receive Federal Financial Aid to Finance their education online
5. American Public University System (APUS)
Another name who accepts FAFSA and offers different online Programs like Associate, Bachelor’s and Master is Americal Public University System (APUS) . They also offers students access to apply for Financial Aid and achieve their academic goals with ease.
7. Purdue University Global
Huge range of Online Degree Programs vary from Online Associates to Online Doctorate Degrees and also in the list of the Online Colleges that accept FAFSA is Purdue University Global and also offers students other various financial aid opportunities to the students to finance their financial cost.
How to Apply for FAFSA for Online Colleges
FAFSA application process is very simple, just follow these simple steps:
1. Create an FSA ID: The first step is to visit Federal Student Aid Website (Free Application for Federal Student Aid (FAFSA) | USAGov ) to create your Federal Student Aid (FSA) ID. This is first step for you to sign and submit FAFSA online
2. Fill out the FAFSA form: Now the second step is filling the online FAFSA form. You need to enter your Personal and Financial Information which may include details about your family income, tax returns, and the school you want to enroll in.
3. Submit the FAFSA: In third step, as now you complete filling your FAFSA form, go through and double check all the details once more to minimize the chance of any error and then submit the form electronically. One thing you have to ensure that you must include the school you want to join, so they also receive your FAFSA application.
4. Review your Student Aid Report (SAR): After your FAFSA submission, you will receive Student Aid Report (SAR). SAR is the report which contains the summary of information you provided and your Expected Family Contribution (EFC) in your education, review thoroughly as this report helps in determining your financial Aid Eligibility.
5. Financial Aid Acceptance: In case of your eligibility, your school will provide you Financial Aid Package which may include grants, loans and work-study options.
How to Maximize Financial Aid for Online Education
Below are some strategies and tips which may help you to maximize your Financial Aid:
⦁ Submit your FAFSA Early: Do not wait and submit your FAFSA as early as possible, as most of the Financial Aid Programs have deadlines, so it is very important to apply for FAFSA as early as possible to have the best chances for receiving Financial Assistance.
⦁ Research scholarships and grants: Another good idea is with applying for federal loans and funded programs browse for private scholarships and grants that can also help you in reducing your education cost.
⦁ Consider part-time enrollment: Another option you can consider is to enroll for part-time programs, this can help your in balancing your studies and professional responsibilities. But remember one thing, your enrollment status may affect the financial package you receive as some financial packages vary as per enrollment status.
Benefits of Online Colleges that Accept FAFSA
Online colleges that accept FAFSA have many benefits to the students:
1. Flexibility: As we all know the main feature of Online Programs are flexibility, you can schedule your studies as per your convenience, as well can enroll anywhere in the world without leaving your home.
2. Affordable education: The best thing in enrolling in online colleges that accept FAFSA is you will get the opportunity to have federal financial aid which results in reducing your education cost and you do not need private loans which are in long run can be prove expensive.
3. Wide variety of programs: You have more options to enroll in the program of your choice and interest, mostly online colleges that accept FAFSA has wide range of online programs in different fields like healthcare, business, arts, technology etc. So, you can enroll in the program of your choice and achieve your academic and professional goals
4. Accreditation: Mostly online colleges that accept FAFSA are recognized and accredited that ensures that degree you are going to earn is accredited and recognized by employers.
Summary:
Education Online gaining popularity day by day and becoming most in demand option of education and is most viable option for many to take their academic qualification to next level and move a step ahead in their career.
To reduce the cost of education a best option can be to choose from the list of online colleges that accept FAFSA. No matter you are looking for Online Bachelor’s, Online Master’s or certification online, there are plenty options available for you to choose from with the financial support of FAFSA to reduce the financial burden of your education cost.
It is a good idea start your application process early to have better chances to be selected, as well you must explore other private scholarship program to reduce the cost of your education and meet your goals with affordability.
