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Financial Aid Tips For High School Students

Financial aid is money that can be used to pay for college. It comes in various forms, such as grants, scholarships, loans, and work study programs. The following are some forms of financial aid you can apply for.

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38 views

Financial Aid Tips For High School Students

Financial aid is money that can be used to pay for college. It comes in various forms, such as grants, scholarships, loans, and work study programs. The following are some forms of financial aid you can apply for.

Uploaded by

TheCollegeHelper
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Financial Aid 101:

Scholarships, grants, loans, and work-study programs


Financial aid is money that can be used to help pay for college. It comes in various formats such as scholarships, grants, loans and work-study programs. Aid comes from the federal government, state governments, colleges and universities, as well as private organizations. The following are some forms of nancial aid you can apply for.

Scholarships

Loans

Scholarships are aid that dont have to be paid back. Because of this, both scholarships and grants are considered gift aid. Scholarships are often merit-based. They can be given to students based on things such as academics, athletics, volunteer work. Governments, colleges and private or nonprot organizations provide scholarships.

Loans are money you need to pay back (with interest), often after you graduate. When students take out a loan, the loan is coming from the federal government or from private sources. The amount of interest depends on the source of the loan.

Student Aid (FAFSA). By lling out the FAFSA, you will be able to see if you qualify and what you qualify for. Many state governments and colleges also use the FAFSA to award students with aid. Regardless of whether or not you think youll qualify, you should apply. Complete the FAFSA at www.fafsa.gov.

Work-Study Programs

Grants Work-study is paid, parttime work offered by the Federal Work-Study Program to students in nancial need. Workstudy is offered to help students pay for some of their college expenses. Getting nancial aid In order to receive nancial aid, you must apply via the Free Application for Federal

Grants are a type of aid that dont have to be paid back. The majority of grants are need based, meaning they are often given based on a familys nancial situation; They are usually awarded to students with nancial need.

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