| Financial aid is much simpler than folks
| |
| | a student submits on the free federal
|
| think. Essentially, it's a question of
| |
| | financial aid form (FAFSA). Students
|
| understanding a few basic terms,
| |
| | must submit a FAFSA (on paper or online)
|
| including the often misunderstood meaning
| |
| | if they wish to apply for need-based
|
| of "financial aid".
| |
| | financial aid.
|
| Financial aid comes in various forms;
| |
| | At some colleges only a FAFSA is
|
| scholarships, grants (essentially the
| |
| | required. Other colleges may require you
|
| same as scholarships), work study funds,
| |
| | to complete their own institutional
|
| tuition waivers, fellowships, teaching
| |
| | financial aid form as well.
|
| assistantships (the last two for graduate
| |
| | Student who qualify by virtue of need may
|
| students), and loans. And, financial aid
| |
| | be offered work study jobs in college
|
| can come to students from government,
| |
| | offices or at non-profit agencies in
|
| private, and college/university sources.
| |
| | nearby communities.
|
| Many people think the terms scholarships
| |
| | Students with financial need, as
|
| and financial aid are synonymous.
| |
| | established by the FAFSA, may qualify for
|
| Actually, scholarships...also called
| |
| | government subsidized, low interest
|
| grants...are one form of financial aid.
| |
| | loans. Those without need can also
|
| Scholarships, requiring no repayment, are
| |
| | borrow, but at higher interest rates.
|
| frequently awarded to high achievers,
| |
| | Once you understand the terms we have
|
| students whose abilities may be valued,
| |
| | just discussed, there is not too much
|
| or students whose families belong to a
| |
| | more you have to know or do. Just meet
|
| sponsoring organization (church, civic
| |
| | all deadlines, carefully read all
|
| organization, corporation, etc.).
| |
| | financial aid information available to
|
| Not all financial aid requires
| |
| | you, and do not hesitate to contact your
|
| demonstration of financial need. A
| |
| | college office of financial aid if you
|
| student's financial aid is determined by
| |
| | have questions or problems of any kind.
|
| a formula which is applied to the answers
| |
| | Best wishes as you pursue your education.
|
