What is Financial Aid

Financial aid assists students with funding their higher education from the government, schools, or private businesses. The coverage usually with: housing, tuition, school supplies, transportation, or living expenses.

How do I qualify for financial aid?

Need-based aid:

This aid is based: on a student’s financial situation, which can be determined by the FAFSA, and the aid typically comes from the government.

Merit-based aid: 

Students are rewarded based on their merit or talents, usually from colleges or private organizations (like banks, credit unions, or state agencies).

Anyone can apply for financial aid, so abstain from discouragement if you don’t necessarily fit into either category.

Types of financial aid:

Grants:

Funds that aren’t intended to be repaid but are from the federal or state government, normally for need-based students.

Scholarships:

Determined by a: student’s grades, athleticism, or musical talents. There are countless scholarships that you can find through national organizations and colleges.

Work-Study

The federal government provides students struggling financially with a job to fulfill the funds for the school.

Federal and Private Student Loans:

Loans are sponsored mainly by the federal government, which offers a financial aid package, but you can also rely on private loans.