Students need an Application for Admission on file with the school to be packaged with the financial aid. institution’s (See to Complete the and the APPENDIX) “How FAFSA” “in The Four Forms of Financial Aid Financial aid comes in one of the following four forms: grants, scholarships, work-study, and loans. Grants and scholarships are considered because they represent money that is given to “gift help” students. Work-study and loans are considered because they “self-help” provide money that must either be earned or repaid. Grant- money that is given to a student, usually because of financial need money that is awarded because of exceptional cholarship – academic achievement, an outstanding talent, and/or financial need. Work-tudy money a student earns by working at a job, – usually 10-15 hours a week Loan borrowed money that must be repaid – Grants 1. A grant is money from the Federal Government that is given to a student to help him/her pay for college. This money does not have to be repaid. Grants are most often awarded to students who have financial need. Grants are available from a variety of sources. State governments offer grants to students who live and go to college in their home state. The federal government provides Pell Grants and Supplemental Educational Opportunity Grants (SEOG) to students with need on a national basis. Colleges offer institutional grants, and organizations, clubs, and corporations offer grants to the students who meet their specific eligibility requirements. Grants to look for (through the FAFSA): Pell Grant Supplemental Educational Grant (SEOG)
Students need an Application for Admission on file with the school to be packaged with the institution’s financial aid. (See “How to Complete the FAFSA” and “in the APPENDIX) The Four Forms of Financial Aid Financial aid comes in one of the following four forms: grants, scholarships, work-study, and loans. Grants and scholarships are considered “gift help” because they represent money that is given to students. Work-study and loans are considered “self-help” because they provide money that must either be earned or repaid. Grant- money that is given to a student, usually because of financial need cholarship – money that is awarded because of exceptional academic achievement, an outstanding talent, and/or financial need. Work-tudy – money a student earns by working at a job, usually 10-15 hours a week Loan – borrowed money that must be repaid 1. Grants A grant is money from the Federal Government that is given to a student to help him/her pay for college. This money does not have to be repaid. Grants are most often awarded to students who have financial need. Grants are available from a variety of sources. State governments offer grants to students who live and go to college in their home state. The federal government provides Pell Grants and Supplemental Educational Opportunity Grants (SEOG) to students with need on a national basis. Colleges offer institutional grants, and organizations, clubs, and corporations offer grants to the students who meet their specific eligibility requirements. Grants to look for (through the FAFSA): Pell Grant Supplemental Educational Grant (SEOG)
4hit1Ut4Ql0NzpOnkPxom5QPEVOzronoEldNZISKxNYWwhRm.docx