Are you scared to go, or even apply, to college just because you feel you can’t afford it?
Don’t be. There are plenty of services out there that help with this exact problem. If you don’t know what financial aid is, then you are in the right place.
Don’t be. There are plenty of services out there that help with this exact problem. If you don’t know what financial aid is, then you are in the right place.
Financial aid is money that the government and other organizations give you, or lend you, so you can pay for college. But to qualify for financial aid, you have to apply.
Where does financial aid come from?
· The federal government
· State governments
· Colleges/Universities
· Companies, clubs, organizations
· Banks/Lending companies
There are four types of financial aid:
1. Grants
-these are called gift aids because they do not have to be paid back. They come from federal and state governments and from colleges. They are usually given based on your family’s financial circumstances.
-these are called gift aids because they do not have to be paid back. They come from federal and state governments and from colleges. They are usually given based on your family’s financial circumstances.
2. Scholarships
-these are also gift aids, they come from governments, colleges and private organizations. They may be awarded for academic or athletic ability, interest in a certain subject, or volunteer work.
-these are also gift aids, they come from governments, colleges and private organizations. They may be awarded for academic or athletic ability, interest in a certain subject, or volunteer work.
3. Loans
-borrowing money from a bank, government or lending company. A loan must be paid back with an extra charge, called interest. The federal government offers low-interest loans to students with financial need.
-borrowing money from a bank, government or lending company. A loan must be paid back with an extra charge, called interest. The federal government offers low-interest loans to students with financial need.
4. Work-Study Programs
-the Federal work-study program offers part-time jobs to help students pay for part of their college cost.
-the Federal work-study program offers part-time jobs to help students pay for part of their college cost.
How do you apply for Financial Aid?
To apply for Financial Aid you need to complete the “Free Application for Federal Student Aid” aka FASFA.
If you are senior, it is/or after January 1, you are ready to do your Financial Aid application:
FAFSA Online (Click here to apply)
To apply for Financial Aid you need to complete the “Free Application for Federal Student Aid” aka FASFA.
If you are senior, it is/or after January 1, you are ready to do your Financial Aid application:
FAFSA Online (Click here to apply)
When should you apply for Financial Aid?
January 1 of the year you plan to go to college is the very first day you can file the FASFA. The deadlines may vary for each college, and it is recommended to file for Financial Aid as close to January 1 as possible, money is limited and is awarded on a first-come, first-served basis.
January 1 of the year you plan to go to college is the very first day you can file the FASFA. The deadlines may vary for each college, and it is recommended to file for Financial Aid as close to January 1 as possible, money is limited and is awarded on a first-come, first-served basis.
In conclusion, nobody should feel like they can’t go to college just because they feel they can’t afford it. There are so many services and options for those who are financially disadvantaged. Financial Aid is a very important step in the college planning process; you are eligible to get some sort of money to help you get into the college of your dreams. Please do not ever feel like you can’t get into college because you can’t afford it, yes college is very expensive but yes you can go and there are people out there who are willing to help you get there and I hope this gave you an extra insight on services that can contribute to getting you into college!
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