| Applying for a scholarship grant or a university | | | | same with student loans. Grants are given for free |
| financial aid can be difficult especially before the | | | | by the government. This means that you do not |
| Obama Back to School speech. Since the Obama | | | | have to pay back for the money given to you to |
| government wants the people to go back to school | | | | support your studies. |
| again, it has been making more scholarships and | | | | In applying for a federal aid, you usually need to fill |
| grants available for their citizens. A university loan is | | | | out an application for called the Free Application for |
| available in two types: the merit-based and the | | | | Federal Student Aid or FAFSA. This application form, |
| need-based loans. | | | | if approved by the Department of Education, can |
| A merit-based financial grant is available for those | | | | make you eligible for the type of aid you deserve. |
| students who have outstanding and excellent grades. | | | | You only need to state in this application your current |
| It is given by most universities to their talented and | | | | income and assets. If you become eligible, you must |
| exceptional students in their fields. A need-based | | | | comply with the certain requirements set by the |
| grant, on the other hand, is available for those | | | | government. |
| students who have financial needs. This is especially | | | | You can learn more about the FAFSA and the |
| granted to families with a low annual income. | | | | application process for both the merit-based and the |
| The need-based aids are mostly federal aids given by | | | | need-based university financial aid in these following |
| the government. However, certain universities also | | | | websites: the Financial Aid Directory and the Grants |
| make these funds available for their students. Federal | | | | Directory. |
| aids are usually available as grants. Grants are not the | | | | |