Are you Eligible for Financial Aid for Students? White Underline Scribble More than 45 million Americans currently have $1.76 trillion in debt.

Direct federal student loans are obtained from the federal government to pay for college expenses.

For their education, many Americans still rely on government-funded scholarship programmes.

Direct Subsidized, Direct Unsubsidized, and Direct PLUS loans are the three different loan types.

These loans aid students in covering their living costs and college fees.

The quantity of financial aid that a person is entitled to receive is determined by a formula.

To determine your financial need, the cost of attendance is reduced by a number of benefits.

These consist of your anticipated contribution to the family, your family's assets, taxable income, and non-taxable income.