College Financial Aid Resources for High School Students

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College Financial Aid Resources for High School
Students
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Financial Aid Resources

• Many individuals worry that tuition and the other
  costs of higher education may be out of reach.
• Scholarships and financial aid are just a few of
  the resources of college financial aid available
  to assist them in pursuing their dreams.
• It is important to keep in mind that higher
  education is an investment and there are numerous
  college financial aid resources that can help
  make your dream a reality.

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Financial Aid Resources

• Filling out the FAFSA form is the first step in
  finding out what type of college financial aid is
  available.
• Roughly 150 billion is awarded annually in
  grants, low-interest loans and work-study
  assistance.
• Additional college financial aid resources
  include scholarships from schools, state
  governments, private companies, employers,
  individuals, non-profits, professional
  organizations and religious groups.

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College Financial Aid Grants

• Grants are awards that do not need to be repaid
  and are based on financial need. Grants from the
  federal government and individual colleges.
  Federal grants include
• Pell Grant These are federal grants awarded to
  undergraduate students
• FSEOG The Federal Supplemental Education
  Opportunity Grant is commonly awarded to
  undergraduate students with exceptional college
  financial aid needs
• ACG The Academic Competitiveness Grant is for
  freshmen and sophomores who are eligible for Pell
  Grants and also took rigorous high school
  classes

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College Financial Aid Loans

• Loans allow you to borrow money and over-time
  repay it, with interest.
• More than 70 billion in federal student
  financial aid is awarded annually in the form of
  low-interest loans.
• Some financial institutions and banks also offer
  student loans. These loans commonly have variable
  interest rates and may not provide the benefits
  associated with federal student loans.

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Work-Study Assistance

• The Federal Work-Study program provides qualified
  students with college financial aid who needs
  part-time jobs to help pay for their college
  education.
• The Federal Work-Study program is administered by
  participating colleges.

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Financial Aid Scholarships

• Scholarships are also awards that do not need to
  be repaid.
• There are thousands of scholarships available
  offered by schools, professional and social
  organizations, employers and more.
• Scholarships may be awarded based academic
  achievements or a combination of academic
  achievements and a special talent, interest or
  trait. Other scholarships are based on college
  financial aid needs.

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Financial Aid Resources

• It may seem that the cost of higher education is
  out of reach but there are numerous college
  financial aid resources available to individuals
  who are serious about pursuing a college degree.
• Remember to keep in mind that a college degree is
  an investment and there are college financial aid
  resources available including grants, loans,
  work-study assistance and scholarships.

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About the Author

• Jamie Lawry has written these articles on behalf
  of Rio Salado College, an accredited college
  offering online learning and education programs.
  For more information about college financial aid
  resources, please visit http//www.riosalado.edu/f
  uture/html/main.html.