<p>I'm just wondering because I think I might have chance at getting some aid, but I don't want to just get offers for loans. Is most of FAFSA given out in the form of grants or something similar?</p>
<p>THanks.</p>
<p>You just apply to the schools and indicate the schools on your FAFSA and send it in and see.
Federal direct loans and federal Perkins loans run from 5.0 to 6.8% (I'm not really sure.)</p>
<p>So it also depends on the school.</p>
<p>Through your completion of the FAFSA, you are considered for Pell Grant, Stafford Loans, Perkins Loans, SEOG and FWS. Pell, Perkins and SEOG are typically reserved for very low-income individuals. Perkins, SEOG and FWS are available on a limited basis. Pell eligibility is determine by the FAFSA calculations (must be at or below the federally set poverty level). Stafford Loans come in two kinds, Subsidized and Unsubsidized. Subsidized is need-based and your need is determined by the FAFSA results AND the cost of attendance. Unsubsidized is not need-based and most students are eligible for this type of federal loan. Stafford Loans run 6.0% interest for subsidized and 6.8% for unsubsidized. Depending on your HS courses, you might qualify for the ACG Grant. You can check out the schools websites to see all of the qualifications for these types of aid, as well as any institutional aid that may be based on your FAFSA results.</p>
<p>First, FAFSA does not give you any money. FAFSA is a form used by colleges to help determine financial aid. </p>
<p>The form of that financial aid depends on the college and your EFC (how much your family will be expected to contribute) Many publics will include loans in the equation. You might be eligible for grants and work study. Scholarships are also included. Privates give out the same types of financial aid in general. Some privates have moved away from loans, but most that have done so are among the most elite institutions in the country.</p>
<p>As for no-interest loans, I am not aware of any.</p>