What is federal student aid?


Quick Answer

Federal Student Aid, also referred to as FSA, is an office of the U.S. Department of Education. It is the largest provider of student financial aid in the country, and the office provides more than $150 billion each year to students via federal loans, grants and other financial programs.

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Full Answer

Financial assistance from the Federal Student Aid office is used to pay for higher education, such as courses in colleges, universities and trade schools. Funds from financial aid can also be used to provide housing, meals, transportation, books and other supplies the student may need in order to continue their education.

Federal Student Aid also provides support and counseling for those that wish to pursue a higher education. Employees offer free assistance to students and parents throughout the entire financial aid process. This includes assisting in completing the Free Application for Federal Student Aid, also known as FAFSA, and acquiring previous transcripts from other facilities. The office also handles the distribution of funds to more than 6,000 higher education facilities nationwide each year.

The FAFSA is the main application used to apply for financial assistance for higher education. This application is completed by over 22 million students each year, according to StudentAid.gov.

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