Financial aid is the name used for federal, state, and private resources that may help pay for college costs. Typically, financial aid consists of grants, scholarships, loans and student employment. Grants and scholarships do not have to be repaid. Loans must be repaid with payments usually beginning after the student is no longer enrolled at least half time. Student employment consists of opportunities for students to earn money to pay for educational expenses.
Types of Aid
Federal Student Aid:
Grants:
- Federal Pell Grant
- Federal Supplemental Education Opportunity Grant (FSEOG)
- Academic Competitiveness Grant (ACG)
- National Science and Math Access to Retain Talent Grant (SMART)
Loans
- Federal Stafford Loan
- Federal Parent-PLUS Loan
- Federal Graduate-PLUS Loan
- Federal Perkins Loan
Work
Other resources include: Chamber of Commerce, Employer, Library Reference Books, and Internet Scholarship Searches
