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  • What Increases Your Total Loan Balance FAFSA

    What Increases Your Total Loan Balance FAFSA

    Students and parents use the Free Application for Federal Student Aid (FAFSA) to determine eligibility for financial aid; grants and scholarships are popular forms of support that don’t need to be paid back. Interest charges on loans often add to the principal, leading to an ever-increasing loan balance. Understanding what drives it can help you…