Federal student financial aid is the best place to start seeking money for college or career training. Federal student aid comes from the federal government – specifically, the U.S. Department of Education. It’s money that helps pay for higher education expenses (i.e. college, career school, or graduate school expenses). Federal student aid covers such expenses as tuition and fees, room and board, books and supplies, and transportation. The Free Application for Federal Student Aid (FAFSA) is the most important application for getting federal assistance and the only way to get access to federal student loans, grants and work-study programs. Submit your FAFSA application as early as possible, some aid is awarded on a first come, first served basis.