Like grants, you don’t have to repay scholarships. However, need-based scholarships also exist. Scholarships are financial aid awards often based on talent, academics, service, or leadership. Many of those, however, will also require you to file a FAFSA. Other grant programs have their own application processes. You are automatically considered for federal grants, such as the Pell Grant, when you file the Free Application for Student Aid (FAFSA). Also, universities and nonprofits sometimes offer them. Grants come from federal and state governments. More often than not, you don’t need to repay them. Grants are usually based on financial need. Types of Financial Aidįinancial aid comes in three basic categories: grants, scholarships, and loans. One study estimated that as many as 85% of students receive some form of financial aid. A variety of financial aid programs exist to help students and families foot the bill.
A college education is a great investment, one that may pay for itself many times over throughout the course of a career.īut, the cost of tuition-even at an affordable state school-can leave some of us wondering how we will pay for it.įew students pay tuition up-front and out-of-pocket.
0 kommentar(er)
