There are numerous ways to receive aid for college through a variety of sources! Let’s take a look at the types of financial aid you could qualify for!
Grants and Scholarships
Offered by both the federal and state government and individual institutions, grants are a form of aid that doesn’t have to be paid back. These are usually need-based, but may be merit-based as well.
Scholarships are another form of aid given through individual institutions or organizations that don’t have to be paid back, but usually require an application process and selectively merit-based.
A work-study is where a student works while they study at school. The federal government typically sponsors a work-study program. The student’s payment may go straight to them or towards tuition, room and board, or other college expenses. Pay and work can vary, though it is usually a university-based position. Positions are typically reserved for work-study aided students but are usually on a first come first serve basis so make sure to look for positions early in your arrival to campus.
Unlike scholarships and grants, loans have to be repaid. They can be issued via the federal government or through private institutions. Federal loans come in two forms: subsidized and unsubsidized (Stayed tuned for our “Loans 101” post for more specific info!).