Free Online Resources About College Financial Aid

Mother and teen lounging on bed with open laptop and jars containing money going over financial aid information

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Students and parents can find the world of college financial aid to be overwhelming. Even for those who have already been through the process, changes and updates can almost make it feel like they’re starting back at square one. Here are some free online resources to help make the undertaking a bit easier.

The Federal Student Aid Website

Federal Student Aid is an office of the U.S. Department of Education, and its website is the logical first place to start. There are five tabs at the top of the page: Prepare for College, Types of Aid, Who Gets Aid, FAFSA: Apply for Aid, and How to Repay Your Loans. (FAFSA stands for Free Application for Federal Student Aid.)

The Prepare for College part of the site offers advice and information for both students and parents, including checklists of things to do at multiple grade levels. Types of Aid includes info on tax benefits and avoiding scams. Who Gets Aid covers who is eligible and ineligible for aid and how someone can regain eligibility. As well as information on filling out the FAFSA, Apply for Aid provides a link to the FAFSA4caster, which helps you estimate your future eligibility for aid. And How to Repay Your Loans covers such topics as consolidation, deferment, forgiveness, delinquency, and default.

The FAFSA form is available starting on October 1 for the following school year. In order to complete the form, you will need:

  • Your Social Security number and your parents’ Social Security numbers if you are a dependent student
  • Your driver’s license number if you have one
  • Your Alien Registration Number if you are not a U.S. citizen
  • Federal tax information or tax returns including IRS W-2 information, for you (and your spouse, if you are married) and/or for your parents if you are a dependent student or a foreign tax return if you are not a U.S. citizen
  • Records of your untaxed income—including child support, interest income, and veterans benefits—for you and your parents if you are a dependent student
  • Information on cash holdings; bank account balances; investments, including stocks, bonds, and real estate (but not the home in which you live); and business and farm assets for you and for your parents if you are a dependent student

There are several questions to answer to determine whether you're a dependent student, including ones regarding your age and marital status.

In order to electronically sign the completed FAFSA, you or your parent (if you're a dependent student) must create an FSA ID, which consists of a user name and password.

If you provide some basic information, the FAFSA4caster will estimate your eligibility for federal student aid. Your estimate will be shown in a College Cost Worksheet that enables you to enter estimated amounts of other student aid and savings that can go toward the cost of higher education.

College Scholarship Websites

It makes sense to find and apply for as many scholarships as you can. Unlike some other forms of financial aid, scholarships don’t have to be repaid. Merit-based scholarships are earned by meeting or exceeding standards set by the scholarship sponsor. Some scholarships may be based on financial need. Other scholarships are geared toward a particular group of people, and some are available because of where you or your parents work or went to school.


The U.S. Department of Labor’s CareerOneStop website lists more than 8,000 searchable scholarships, fellowships, grants, and other financial aid opportunities. (It also offers a lot of career-related guidance, including skill and interest assessments, information on job training programs, and a database of job postings.)

This website allows you to search for scholarships, grants, and loans without requiring you to register or log in. It also provides information on higher education-related topics such as application essay writing and the cost of books.

Scholarship America

Scholarship America describes itself as the "largest nonprofit, private scholarship organization" in the U.S. The Scholarship America Hub matches you up with applicable scholarships.

Other Helpful Websites

These websites should also prove useful to students and parents.


FinAid—which is affiliated with Fastweb, another scholarship search site—has a wealth of information about financial aid. The easiest way to get started looking for helpful pages is to click on Site Map so the very large number of topics will be divided into such categories as Military Aid, Calculators, and Educators.

While this website focuses on 529 college savings plans, it also has a page dedicated to financial aid.

U.S. News/Education

U.S. News & World Report's "Education" vertical has sections on Community Colleges and Online Colleges and a page dedicated to paying for college.