Paying for college can seem overwhelming — especially given the recent changes to the FAFSA process — but there is a wealth of financial aid options to help make higher education more accessible and affordable. Whether you’re a first-time student or returning to school, understanding financial aid can help you maximize your options — and minimize your cost.
At University of Bridgeport, we’re here to help you understand the opportunities that can help fund your degree journey. Let’s explore some of the most common questions about financial aid and the FAFSA.
What is financial aid?
Financial aid is money that helps students pay for college. It can come from the federal government, state governments, colleges, or private organizations — pretty much any source outside of you or your family’s immediate resources.
Financial aid can be need-based (determined by your financial situation) or merit-based (awarded for achievements like academic performance or leadership).
What are the different types of financial aid?
Financial aid comes in several forms:
- Grants – Free money that does not need to be repaid, typically awarded based on financial need. Examples include the Pell Grant (federal) and state grants (varies by location).
- Scholarships – Free money awarded based on merit, talent, or other criteria. These can come from colleges, private organizations, or community groups.
- Work-study – A program that allows students to work part-time jobs, typically on campus, to help pay for tuition and expenses.
- Loans – Borrowed money that must be repaid with interest. There are federal and private loan options. Private loans come from banks and set their own terms and conditions.
Did you know that 99% of UB students received grant or scholarship aid in the fall 2024 semester? You’re not alone! Paying for college doesn’t have to be stressful — learn more about funding your UB education!
What is the FAFSA?
Free Application for Federal Student Aid (FAFSA) is the key to unlocking financial aid. This online application determines eligibility for federal grants, work-study, and loans. Some schools also use the FAFSA to determine whether you qualify for institutional aid.
Why is the FAFSA important?
Many states and colleges also use FAFSA information to award their own aid. Completing the FAFSA is the most important step you can take in paying for college, ensuring you have access to the most financial support possible.
When completing the FAFSA, whose information gets listed?
When filling out the FAFSA, you’ll need to provide financial details about your household.
If you are a dependent student, you must include both you and your contributors’ income and tax information (this is usually your parent). If your parents are divorced or separated, the parent who primarily supports you should be listed.
Independent students only have to include their own (and their spouse’s if applicable,) financial information.
How do I know if I’m a dependent or independent student?
In most cases, you are considered a dependent student if you’re under 24 years old. You qualify as an independent student if you’re 24 or older by the date specified on the FAFSA.
Under certain circumstances (such as being an emancipated minor,) students under 24 may be classified as independent. Other factors, such as veteran or marital status, can also impact whether you’re a dependent or independent student. Visit the Student Aid website or contact Student Financial Services to learn more.
When is the FAFSA deadline?
FAFSA deadlines vary depending on federal, state, and institutional requirements:
- Federal deadline – June 30 of the academic year you are applying for.
- State deadlines – Vary by state; some are much earlier, so check at studentaid.gov.
- College deadlines – Many schools have priority deadlines to maximize aid opportunities. Check with University of Bridgeport’s Financial Aid Office for specific dates.
How do I apply for financial aid?
To apply for financial aid, follow these steps:
- Complete the FAFSA each year – The Free Application for Federal Student Aid (FAFSA) determines eligibility for federal and state aid. Fill out your form at studentaid.gov.
- Check institutional requirements – Some colleges require additional applications for their financial aid programs. While UB does not require this, we recommend checking the requirements at any other institution you’ve applied to.
- Search for scholarships – Many private scholarships have separate applications and deadlines. At UB, students can access ScholarshipUniverse — a resource for exploring and applying for various scholarship opportunities.
- Review your award letter – Colleges will send a financial aid package outlining what aid you qualify for.
Financial aid tips
Ready to make the most of your financial aid opportunities?
We suggest keeping these tips in mind as you apply for aid:
- Apply early – Some aid is awarded on a first-come, first-served basis.
- Borrow wisely – Only take out loans if necessary and understand the repayment terms.
- Look for additional funding – Continue applying for scholarships each year.
- Meet deadlines – Missing deadlines can mean missing out on free money.
Funding your future
Navigating financial aid can seem complex, but with the information you need and some proactive planning, you can make the most of the resources and opportunities available to you.
At UB, we believe you deserve an education that’s not only future-focused and career-ready but cost-effective, too. Visit or contact our Financial Aid Office today and discover how UB can help make your college dream more affordable!