As many probably already know, a private 4-year university cost about $25,000 in tuition fees only. This is not including books and living expenses. With the current recession, people are worried about how they are going to pay for their tuition bills, including people who had  been comfortable about their savings.  Compared to last year, inquiries and calls to college financial aid companies have increased by a mind blowing 40%.

There are many companies who offer college financial aid who would charge around $80-100 for the process. But there are actually many more companies where you don’t need to spend any money for financial aid. There are thousands of websites and workshops that you can access for free to find the college financial aid that suits you.

All you need to do is filling in the Free Application for Federal Student Aid (FAFSA). You can do this for free here on this website http://www.fafsa.ed.gov. Although this application form is known as a “pain” in the FASFA with 100 questions, this form is basically the gateway to getting any kinds of financial help especially for education.

Before you go on filling the application, get all your documents ready at hand and read first a complete list of the do’s and don’ts’ for filling out the FAFSA form. This will save you a lot of time answering all those hundreds of questions.

It is predicted that the demands for college financial aid grants this year will be up. Many now are looking for financial aids that do not require repayment. The California Student Aid Commission has provided grants of about $796 million for the 2008-2009 academic year alone. This is an increase of 11% compared to the previous year. This year another increase is predicted.

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