Financial Aid 101
You complete this application to see what potential aid you may be eligible for
What is the FAFSA
This type of aid can come from your high school, outside organizations or the college you plan on attending
What is a scholarship
This type of loan accrues interest while you are in school
What are unsubsidized loans
These type of scholarships are earned by meeting or exceeding certain standards set by the scholarship-giver.
What are merit based
You and this person have to sign the FAFSA application
Who is your parent/guardian
Financial aid comes from main sources; your college , the state government and ?
What is the Federal Government
This type of aid needs to be paid back once you graduate from college
What are loans
This type of loan does not accrue interest while you are in school
What are subsidized loans
These type of scholarships may be awarded to students with high financial need
What are need based scholarships
You will need tax documents this many years prior to the year you are enrolling for to complete the FAFSA
What is two years
This federal department processes FAFSA applications
What is the Department of Education
This type of aid is provided by the federal and state government to help students with high need, you do not need to pay it back.
What are grants
This type of loan is not based off of a students need
What are unsubsidized loans
This type of scholarships are awarded by the college you plan on attending
What are institutional scholarships
To complete the FAFSA you will need your parents income tax return and these documents from their jobs
What are W2s
Some schools may ask for this in addition to a FAFSA application
What is a CSS profile
This type of aid is awarded but you have to work to earn it.
What is work study
This type of loan is based off of a students financial need
What are subsidized loans
This type of scholarships can come from your high school, an organization, TRIO, or from a variety of online searches
What are outside scholarships
This is what FAFSA stands for
What is Free Application for Federal Student Aid