Who should apply for need-based financial aid?
All students should apply for need-based financial aid. Many families mistakenly think they may not qualify for this type of aid based on their income and assets. However, if you choose not to apply for need-based financial aid, you may be closing the door on opportunities that could help you pay for college. There are other sources of financial assistance available regardless of your need, but most require you first to file the FAFSA.