College Costs Contributors
This contributor offers grants and scholarships to prospective students who demonstrate financial need or who possess qualities that they value.
Grants and scholarships that do not have to be paid back are what?
What is free money?
These are different types of loan options for students.
What are subsidized/unsubsidized loans?
These contributors help with the cost through income from work, savings, and loans.
Who are students?
Money that you get to make college affordable. These funds must be paid back with interest.
What is borrowed money?
This is a figure provided by the college that estimates the total expense of attending the college for a year. It typically includes tuition, room and board, books, transportation and some personal Expenses.
What is Cost of Attendance?
These contributors give money based on written submissions, test scores, or other displays of a students academic success and this money doesn't need to be payed back.
What are scholarships?
Work-study funds that you must work for.
This is a measure of a family’s financial need and eligibility for financial aid. Note that even though it sounds like the amount a family will have to pay, it is only an index or Estimate.
What is an Estimated Family Contribution (EFC)?
This contributor provides Grants and loans to students and families who demonstrate financial need by using the FAFSA.
What is the Federal Government?
FAFSA stands for this.
What is Free Application for Federal Student Aid?
These are loans offered to parents/guardians, which they are responsible for paying back with interest.
What is a PLUS/parent loan?
This contributor offers additional grants and loan options to students who attend colleges in that state.
What is the State Government?