Financial Aid Planning

Financial Aid is any grant or scholarship, loan, or paid employment offered to help a student meet his/her college expenses. Such aid is usually provided by various sources such as federal and state agencies, colleges, high schools, foundations, and corporations. The amount of financial aid that a student receives is determined through federal, state and institutional guidelines.

What are the Types of Financial Aid?

There are 4 types of financial aid:

  1. Grants are typically awarded on the basis of need and generally do not have to be repaid. There are federal and state grants available for those who qualify.
  2. The Federal Work-Study Program enables students to earn money during the school year while also gaining valuable work experience, typically in part-time, career-related jobs.
  3. Loans consist of money that the student borrows to help pay for college, and must be repaid (plus interest).
  4. Scholarships are free money that are awarded based on various criteria.

Types of Federal Student Aid


Do you want to go to college, but don't think you can afford it? Does the vast array of options for paying for college seem like a confusing puzzle?

You CAN afford to go to college, and by researching your options, you can build success.

Compare Financial Aid Awards

It can be challenging to figure out your true college costs when you receive more than one financial aid award package from different schools. Use this tool to help you compare up to six financial aid awards and determine which one is the best for you.

Determine your cost of college, college savings, loans and scholarship amounts.

 

Here's a quick and painless way of locating scholarships and other financial aid you might be eligible for.

Get a grip on your financial future by building a plan that’s just right for you.



Managing YOUR money is a life skill that will help you meet financial obligations, avoid serious debt and use credit wisely.