Financial Aid is any form of monetary support offered to help a student meet his/her college expenses, such as Grants Scholarships Loans Paid employment You should apply for financial aid because 1.The FAFSA is free 2.You may qualify for financial aid 3.You may obtain federal student loans To apply for financial aid, you must 1.Complete and submit the Free Application for Federal Student Aid 2.Via regular mail (process time: 7-10 days) 3.Via FAFSA on the web (process time: 3-5 days) To increase your chances of receiving a generous financial aid package, you should apply 1.Early, as possible 2.At the same time, you apply for admission