Make copies of all applications. Information on student financial aid for every stage of the financial aid process, whether you're in school or out of school, can be found on the office of Postsecondary Education's webpage . Facts potential applicants might find useful Applying for federal aid is free. Students can file electronically or on a paper application. Students are also encouraged to talk to the financial aid directors at the schools they hope to attend to learn about financial aid packages and other sources of assistance.
Electronic filing is faster, less error-prone.
An estimated 12 to 14 percent of paper applications are returned for errors, adding time to the application process. The paper application has also been redesigned to be easier to complete. Others have a separate form for institutional aid so be sure to check with the school. These credits can be claimed by eligible taxpayers when they file their tax returns. When fully phased in, 12.9 million students are expected to benefit from the education tax credits.