Are you considering pursuing an online degree but concerned about the cost? Many online colleges offer payment plans, scholarships, and grants to help cover the cost of tuition. Financial aid can cover tuition, books, and other fees associated with attending an online college. Additionally, some employers offer tuition reimbursement programs for employees pursuing an online degree.
When researching an online college, be sure to consider all of the available financial aid options. Students should also take the time to compare the tuition rates of different online schools. Doing research ahead of time can help students find the most affordable option that meets their educational needs.
In this blog post, we’ll explore the top online college with financial aid and the types of financial aid available to online students.
Types of Financial Aid Available to Online Students
Before we dive into the top online college with financial aid, let’s first explore the different types of financial aid available to online students.
Federal Student Loans
Federal student loans are loans provided by the government that can be used to pay for college or career school. There are two types of federal student loans: Direct Subsidized Loans and Direct Unsubsidized Loans. Direct Subsidized Loans are based on financial need, while Direct Unsubsidized Loans are not.
Private loans are loans provided by banks, credit unions, or other private lenders. Unlike federal student loans, private loans usually require a credit check and may have higher interest rates.
Scholarships and Grants
Scholarships and grants are funds that do not need to be repaid. The government can provide them with private organizations, colleges, or universities. Scholarships and grants are usually based on academic merit or financial need.
State or Institutional Funding Programs
Some states or colleges offer funding programs specifically for online students. These programs may include scholarships, grants, or loans. Check with your state or the college you’re interested in attending to see if they offer any funding programs for online students.
Top Online Colleges that Accept FAFSA
Now that we’ve explored the different types of financial aid available to online students, let’s look at the top online colleges that accept FAFSA.
Arizona State University
Arizona State University (ASU) is a public research university that offers more than 150 online degree programs. ASU is known for its commitment to innovation and its affordable tuition rates. ASU participates in federal financial aid programs, including FAFSA.
University of Florida
The University of Florida (UF) is a public research university that offers over 100 online degree programs. UF is consistently ranked as one of the top public universities in the country. UF participates in federal financial aid programs, including FAFSA.
Pennsylvania State University
Pennsylvania State University (PSU) is a public research university that offers over 150 online degree and certificate programs. PSU is known for its rigorous academics and its commitment to online education. PSU participates in federal financial aid programs, including FAFSA.
University of Central Florida
The University of Central Florida (UCF) is a public research university that offers over 90 online degree and certificate programs. UCF is known for its commitment to innovation and its affordable tuition rates. UCF participates in federal financial aid programs, including FAFSA.
Liberty University is a private Christian university that offers over 600 online degree programs. Liberty is known for its flexible scheduling options and commitment to Christian values. Liberty participates in federal financial aid programs, including FAFSA.
How to Find the Best Online Colleges that Offer Financial Aid
Now that you know about the top online college with financial aid, how can you find the best online college? Here are some tips to help you get started.
Research College Options and Costs of Attendance
Before applying to any online college, research the college’s options and costs of attendance. Look into the different degree programs and courses they offer, their tuition rates, and fees. This will help you narrow down your options and determine which colleges you can afford to attend.
Look into Eligibility Requirements for Applicants
Different colleges may have different eligibility requirements for financial aid. Make sure to look into these requirements before applying to any colleges. Some colleges may require you to maintain a certain GPA, while others may require you to be enrolled in a certain number of credit hours. Knowing these requirements can help you prepare your application and increase your chances of receiving financial aid.
If you plan on applying for federal student loans, you must provide your Social Security number on your FAFSA application. Ensure you understand the Social Security requirements for federal loans before applying. You may need to provide additional documentation, such as your driver’s license or birth certificate, to prove your identity.
Check if an Undergraduate Degree Program is Available
Not all online colleges offer undergraduate degree programs. If you want to earn a bachelor’s degree, ensure the college you’re interested in offers an undergraduate degree program. Some colleges may only offer graduate or professional degree programs.
Consider Campus vs. Online Courses and Programs
Finally, consider whether you prefer taking courses online or on campus. Some colleges may offer a hybrid model, where you can take some courses online and others on campus. Choose a college and degree program that fits your learning style and schedule.
Finding The Right Online College For Financial Aid
If you’re considering pursuing an online degree, don’t let the cost hold you back. Many online colleges offer financial aid to help students pay for their education. In this blog post, we explored the different types of financial aid available to online students and the top online colleges that accept FAFSA. We also provided tips on how to find the best online college with financial aid.
With the right research and preparation, you can find an online college that fits your needs and budget. You can explore our Gov Relations resource for scholarships and grants for students with deceased parents.