Federal Student Aid (FAFSA)

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Today, Federal Student Aid performs a range of critical functions that include, among others:

  • Educating students and families on the process of obtaining aid;
  • Processing millions of student financial aid applications each year;
  • Disbursing billions of dollars in aid funds to students through schools;
  • Enforcing financial aid rules and regulations;
  • Servicing millions of student loan accounts, and securing repayment from borrowers who have defaulted on their loans; and
  • Operating information technology systems and tools that manage billions in student aid dollars.
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