What is Financial Aid? First off, financial aid is an option to help students pay for a higher education. Most people and potential students in today’s world need help when it comes to paying for College. Financial Aid was put in place by the government to measure and assist people with higher education.
Most Financial Aid options include different “aid”. Here are some examples:
Grants and Scholarships: This kind does not need to be paid back.
Loans: Money that is paid back over a period of time with interest.
Work-Study: A specific job on campus
1. Who can apply?
- Are U.S. citizens or eligible noncitizens
- Possess a valid Social Security number
- Possess a high school diploma, GED or equivalent
- Are seeking an eligible degree or certificate
- Are able to maintain satisfactory academic progress
- Are not in default on a student loan or owe money on a federal student grant
- Males 17 years of age or older are registered with the Selective Service
2. What kind of Financial Aid is available?
- Self-help aid: This is earned through employment or requires repayment.
- Work-study program wages do not have to be paid back. It is paid to you as you work. You are responsible for using it towards paying for training.
- Student loans have to be repaid.
3. When do I apply?
Start early. You can complete the FAFSA as early as October 1st of each year .