Student Services » College Financial Aid

College Financial Aid

College Financial Aid
 
There are several different types of $$$ students can receive that are considered Financial Aid.
FAFSA (Free Application for Federal Student Aid) must be completed to qualify for federal
loans and grants. See information below.
FAFSA Application Opens October 1, 2020
 
Types of Different Aid
 
Scholarships
Two types- Merit Based and Need Based Scholarships- Do not need to be paid back
 
Grants
Usually need based and received through completing FAFSA-
Free Application for Federal Student Aid. Does not need to be paid back.
 
Loans
These do have to be paid back so only take out as much as you need.
Try to only take out federal loans since they have lower interest rates. Different kinds-
 
Subsidized Federal Student Loans- Federal government pays interest while you are in college
Unsubsidized Federal Student Loans- Interest is added to loan the minute you take out loan. Some students pay the interest while they are in college so you aren't paying "interest on interest."
Direct PLUS Loans- Loans made to both students and parents. Based on credit history.
Perkins Loans- Loans made by schools for students with exceptional financial need.
 
Work Study
Student works on college campus in exchange for money used for college expenses.
 
 
FAFSA open date and deadline
Academic year FAFSA open date Federal FAFSA deadline
2020-21 Oct. 1, 2019 June 30, 2021
2021-22 Oct. 1, 2020 June 30, 2022
 
 
Websites for Financial Aid Information
 
FAFSA   Student aid
 
FAFSA Overview
 
How to Complete the FAFSA Video
 
 
FAFSA- What Happens After Applying?