What is financial aid? Financial aid is basically any type of money that helps you pay or college. This money is comprised of the following: Grants; Educational Loans; Work Study; and, Contents/ Competition

Quick Facts on Financial Aid 

  • Free Money 
  • Generally given on basis of need, merit or employment benefit 
  • Need is typically assed once you have completed the Free Application for Student Federal Aid (FAFSA) or CSS Profile 
  • Should be one of the first terms 
  • Free to complete
  • Application determines the amount of money your family is expected to contribute to your college education 
  • Helps determine grants, loans, work study, and other forms of money to help pay for college
The CSS Profile
  • The College Board's version of the FAFSA
  • Fee to complete
  • Many private colleges like students to submit their CSS Profile; this may be in addition to the FAFSA 
Work Study
  • Job or jobs you can find working on your college campus 
  • Flexible schedule, typically a 15 hour work week
Education Loans
  • Not free money, borrowed money 
  • Leanth to either you or your parent to pay for college 
  • Loan Examples: Stafford Loan, Perkins Loan, Parent Loans, and Private Loans. 
Contests/ Competitions
  • Free Money 
  • Any display or talent or skill in which you are able to receive money

This is Financial Aid 101 - so, just the basics. If you find yourself needing more help with financial aid for college, see our solutions to any financial and questions or concerns. 

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