Financial Aid is the broad category describing ways to help pay for college or technical school. There are several types of aid, briefly described below.
Scholarships – Aid that does not have to be repaid. Generally, students must complete applications to apply for scholarships. More information and links to scholarships can be found on the “Scholarships” tab.
Grants – Financial aid that does not have to be repaid. Grant eligibility is generally determined through filling out the FAFSA.
Loans – Borrowed money that must be repaid with interest. There are many different types of loans available, each with different repayment requirements. It is essential when getting an educational loan to look at the repayment requirements. Also, when looking at paying for college, it is important to look at the projected earnings of a career in relation to how much loans a student may owe. Regardless of whether a student completes or drops out of college, loans must be repaid.
Work/Study – The work/study program allows students to work on campus and earn money to help pay for school. These programs allow students to find jobs that are in line with the college schedule and are usually on campus.
FAFSA – The first step for many families in the aid process is filling out a FAFSA (Federal Application for Student Aid). Filling out this form helps families obtain grants, loans, work/study money, and helps colleges identify financial need. To begin your FAFSA, go to: https://fafsa.ed.gov
More information on aid can be found at: https://studentaid.ed.gov/sa/