online scholarships

Can you get online scholarships through FAFSA?

FAFSA

In recent years, most students are turning to online studying due to its affordability and flexibility. However, even when online colleges are less expensive than traditional colleges, online scholarships are still necessary for some students. Therefore, with financial aid, students can be more motivated to finish a degree and become professionals.

In this article, we will talk about the financial aid students can obtain through the Free Application for Federal Student Aid. The FAFSA can be of great help when looking for online scholarships, consequently, you must learn about it before looking for colleges. Let us see:

  1. Why is FAFSA important?
  2. Who is eligible to obtain federal student aid?
  3. Can you obtain online scholarships through FAFSA?
  4. Online colleges that accept FAFSA

1. Why is FAFSA important?

You must fill out the FAFSA form to receive financial aid for your education. The Department of Education uses the FAFSA, a thorough application, to decide who is eligible for federal student financial aid for college. Recently, some USA states made submitting the FAFSA a must for high school graduation. Hence, one of the most crucial actions that students can take to pay for college is to complete the Free Application for Federal Student Aid or FAFSA.

Therefore, according to the most recent Federal Student Aid report, the U.S. Department of Education grants, loans, and work-study funds total about $115.6 billion. Similarly, roughly 10.8 million students are helped by federal funds to complete their education. Through this system, people can obtain, student loans, online scholarships, grants, and more.

2. Who is eligible to obtain federal student aid?

Individuals who are U.S. citizens, nationals, legal permanent residents, or have an Arrival-Departure Record from U.S. Citizenship and Immigration Services with certain designations, such as refugees, are eligible to apply for Federal Student Aid. Consequently, to qualify, students must be registered in a Title IV-eligible program, which means they can receive online scholarships and other types of financial aid.

The FAFSA requests details on income, assets, and demographics; like household size and the number of kids attending college concurrently. As a result, the expected family support, which establishes eligibility for federal student aid, is computed using this information. 

Likewise, families whose income is less than $27.000 can automatically qualify for a federal award due to their financial needs. Lastly, even if a student is not qualified for a federal grant, they may still be eligible for federal loans or work-study, which usually have lower interest rates than private student loans.

3. Can you obtain online scholarships through FAFSA?

Yes, students can apply for online scholarships, student loans, and more through FAFSA. Due to the popularity of online studying, it is now possible for students to opt for a scholarship with this system. Therefore, these are the types of financial aid that online students can obtain:

  • Loans: student loans are frequently regarded as the last resort for online students seeking financial aid for college. Loans for college, as opposed to grants and online scholarships, must be repaid.
  • Scholarships: online scholarships can be given based on merit and do not have to be repaid. Thus, to discover and apply for online scholarships, students must conduct independent research. Many online scholarships demand that recipients maintain eligibility throughout each renewal period, such as by maintaining a minimum GPA.
  • Grants: although some grants are given out based on merit, most grants are given out based on need. Accordingly, grants, like scholarships, are not subject to repayment after the recipient has finished their course of study.
  • Fellowships: graduate students frequently receive fellowships as awards. Hence, this merit-based award is typically given to students for graduate or focused postgrad study in their field of specialization. Therefore, to be considered for a fellowship, candidates frequently need to show that they have the potential to advance in their field after graduation.
  • Work-study: participating schools can pay students for part-time jobs thanks to the federal work-study program. Subsequently, schools make every effort to place students in jobs that are related to their ground of study, even though job availability varies. Work-study programs may offer hourly or salaried jobs that are located on or off-campus. As a result, financially needy undergraduate and graduate students are eligible.

3.1 How to find FAFSA-approved online colleges?

For schools to be eligible for financial aid, they must fulfill several criteria. For instance, accreditation by a third-party organization that has received US Department of Education approval is one of the requirements for receiving financial aid.

The accreditation requirement aims to guarantee that all FAFSA-approved institutions adhere to a set of minimum academic requirements. Unfortunately, some online colleges are “diploma mills” where students can obtain a “degree” with little to no effort. Thus, the reason the federal government takes this action is to safeguard students from dishonest degree programs.

4. Online colleges that accept FAFSA

The most well-known online schools accept FAFSA online scholarships and other financial aid. Here is a list of the online colleges offering financial aid:

American Public University

  • Accredited by: Higher Learning Commission.
  • Most popular degree programs: Criminal Justice, Management, Health Sciences, Sports, and Business Administration.

Arizona State University

  • Accredited by: Higher Learning Commission.
  • Most popular degree programs: Biochemistry, Urban Planning, Engineering, Sociology, and MBA.

Capella University

  • Accredited by: Higher Learning Commission.
  • Most popular degree programs: Education, Public Administration, Nursing, Counsel, and Therapy.

Penn State World Campus

  • Accredited by: MSCHE.
  • Most popular degree programs: Computer Information Technology, MBA, Business, Engineering, and Education.

Purdue University Global

  • Accredited by: Higher Learning Commission.
  • Most popular degree programs: Health Sciences, Psychology, Nursing, Human Services, and Business.

Rush University

  • Accredited by: Higher Learning Commission.
  • Most popular degree programs: Health Systems Management, Audiology, Speech-Language Pathology, Nursing, and Occupational Therapy.

Strayer University

  • Qualified by: MSCHE. 
  • Most popular degree programs: Education, Information Technology, Business, Health Services, and Criminal Justice.

University of Florida Online

  • Attributed by: Southern Association of Colleges and Schools, Commission on Colleges
  • Most popular degree programs: Education, MBA, Engineering, Nursing, and Business Administration.

University of Phoenix

  • Credited by: Higher Learning Commission.
  • Most popular degree programs: Healthcare, Technology, Business, Behavioral Sciences, and Nursing.