Paying for college is one of the main sources of student stress. College tuition costs have risen significantly in recent years, and millions of U.S. students depend on financial aid to pay for their bachelor’s degrees.
However, a large amount of financial aid goes unclaimed each year. A recent survey by NerdWallet noted that high school graduates missed out on as much as $2.6 billion in free federal grant money during the 2018-19 academic year. Be sure to complete the FAFSA to take advantage of available aid.
Average Aid per Full-Time Equivalent Student 2018-2019
TYPE OF AID
$9,520TYPE OF AID
Source: College Board
Applying for Aid
Most college students apply for financial aid from the government, schools, and independent organizations. Online students can apply for many of the same opportunities as on-campus students, as well as some scholarships designed specifically for virtual learners.
Individuals should always make sure their online program holds the appropriate accreditation. Students must attend an accredited school to receive federal financial aid. Find out more about accreditation for online programs through this guide.
Students should also determine whether they qualify for scholarship and grant opportunities from state governments and nonprofit organizations.
- Scholarships and Financial Aid for Online College Students
- Understanding the FAFSA
- Guide to College Loans