Students typically begin the financial aid process by filling out the Free Application for Federal Student Aid (FAFSA) to apply for federal aid. There are also are plenty of state aid programs that have their own application, and some colleges have their own unique process. Once a student applies for financial aid, they’ll get a financial aid award offer from their school. If the offer won’t cover all of their expenses, they can negotiate or appeal to their financial aid office for more money. Financial aid comes in a few different forms. Grants are usually need-based. Scholarships can be based on need, merit, or a combination of factors. Scholarships and grants don’t need to be paid back unless a student fails to meet some specific condition, like a minimum GPA. Work-study programs allow students to earn money through part-time jobs, usually on campus. Loans need to be paid back, usually with interest. Subsidized loans are usually better because they don't accrue interest while a student is still in school.