Fund Your College Education With Financial Aid

Paying for college can be a huge burden.  Fortunately, financial aid can make it much easier.  The assistance available to students falls into three general categories:

  • Grants:  Grants are the best kind of financial aid – the kind you don’t have to pay back.  Most, like the Pell Grant awarded by the federal government, are awarded based on need.  They are designed to help students from low and middle-income families who would have a very hard time paying for college on their own.
  • Scholarships:  Like grants, scholarships do not need to be paid back.  However, most are awarded based on merit or special circumstances.  They are designed to help high-achieving students, or students from traditionally underrepresented groups (such as minorities or those studying highly uncommon majors), reach their educational goals.
  • Loans:  Student loans have to be paid back, so you should only use them as a last resort.  If you do have to take loans, try to secure subsidized federal loans; the interest rate is generally lower, and the government pays the interest until you graduate.  Unsubsidized and private loans tend to have higher rates, and interest accrues while you’re still in school.

Perhaps the most important step to getting student assistance is filling out the Free Application for Federal Student Aid (FAFSA).  The information on your FAFSA forms will help the Department of Education determine how much aid you qualify for, including grants and subsidized student loans.

Learn How to Get the Financial Aid You Need

College Click TV is excited to offer you Financial Aid 101: Demystifying the Financial Aid Process, our free guide to financial aid.  This handbook can make paying for school simpler than you ever thought it could be.  Inside, you will:

  • Learn about the different kinds of financial aid
  • Discover how to calculate cost of attendance (COA)
  • Find out how to make applying easier
  • Start filling out your Free Application for Federal Student Aid (FAFSA)

Receive your copy by filling out the form on the right!

 
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