High school and college students who require financial aid for their studies in 2023 can submit a FAFSA starting in October.
Students will no longer be prohibited from filing the FAFSA form due to drug charges.
The 10-year Treasury note auction held by the Treasury Department on May 11 had a high yield of 2.9%.
Graduate and professional students may qualify for direct unsubsidized loans—6.54% for fixed interest.
For eligible borrowers, Edu Dept. halted loan payments and reduced interest rates to 0% due to the Covid emergency.
The high yield on 10-year Treasury notes for Direct PLUS Loans is 2.94%, and the fixed interest rate is 7.5%.
A student's eligibility for federal grants, work-study programs, and loans is determined using the information on their FAFSA.
Many universities now award their scholarships and grants using the FAFSA.
Even students who think they won't qualify for financial aid should submit the FAFSA.
The FAFSA asks for details regarding spending, assets, and income.