As the value of a university education has gone up, thus has the number of graduates burdened with a considerable amount of student loan debt. Wishfully, these students use their education to land well-paying careers and apace pay off their balances.
Federal Student Aid is available for student financial assistance programs authorized under Title IV of the Higher Education Act of 1965. These programs provide grants, loans, and work-study funds to students attending college or career school.
They ensure students and their families can benefit from these programs by
- informing students and families about the availability of the federal student aid programs and the process for applying for and receiving aid from those programs;
- accurately disbursing, reconciling, and accounting for all federal student aid funds that are delivered to students each year through more than 6,200 colleges and career schools;
- providing oversight and monitoring of all program participants—schools, financial entities, and students— to ensure compliance with the laws, regulations, and policies governing the federal student aid programs.