Types of Financial Aid
Free money you don’t have to repay. Usually offered by institutions or private donors. Students need to apply. These are based on grades, talents/extracurriculars/background.
What are scholarships?
The application students must fill out every year to be eligible for many types of financial aid
What is the FAFSA?
The year in high school in which you will apply for most scholarships
What is senior year?
Free money you don’t have to repay. Usually offered by governments or institutions. The PELL is one example.
What are grants?
The amount of time it takes (on average) to complete the FAFSA
What is less than one hour?
Yes or No: You will sometimes need to pay for scholarship applications.
No!
Money borrowed from the government to pay for school. You must pay this money back, plus interest, like a car or house.
What is a federal loan?
October 1st
What is the date that FAFSA opens every year?
Types of scholarships awarded for academic achievement, like GPA and test scores
What are merit-based scholarships?
Money borrowed from a business to pay for school. You must pay this money back, plus interest, just like a car or house.
What is a private loan?
Yes or No: You should fill out the FAFSA even if you think your parents make too much money.
Yes!
Types of scholarships awarded based on the applicant's financial situtation
What are need-based scholarships?
Students work at school in exchange for tuition
What is work study?