Finding Financial Aid

Finding money to pay for college is the greatest challenge most students and parents face. It is important to learn as much as you can and start the process of finding financial aid early. Check with the guidance staff at your school for financial aid nights, check on scholarship postings, use web resources and check the websites of colleges you consider attending.

Financial aid to meet a student's educational expenses is available in four basic categories: scholarships, grants, work-study and education loans. Most students finance their education through a package combining aid from several categories. Although it is possible to try for a full scholarship, it is beneficial to keep your options open to all types of aid.

Scholarships are awarded based on special ability, academic achievement, religious affiliation, ethnic background or special interest and they don't have to be repaid. These are privately funded by colleges, churches, memorial funds, etc.

What is FAFSA?

The FAFSA is Free Application for Federal Student Aid. Students must complete the FAFSA every year to remain eligible for aid. Virtually all federal programs that use the FAFSA to determine eligibility, including Pell Grants and Stafford Loans. Colleges also use the FAFSA to determine eligibility for campus-based programs and other financial aid originating with or administered by the school.

The purpose of the FAFSA is not only to determine which families qualify for financial aid, but also to determine eligibility for particular programs and to estimate the family's own expected contribution to a student's education.

The FAFSA can be completed in traditional paper form, but is more quickly processed when completed online.

The attached worksheet helps you look at sources of scholarships - sign up and check these web sites often. Remember it takes time and patience to apply for these scholarships. They often require writing essays, so start early, seek help from your parents and teachers.