|Probably the scariest question most of us confront when we decide to go to college is, “How do I pay for it?” Thankfully, there are many different resources out there to help.
Paying for college should not be a barrier to your going to college! The federal government, states, and educational institutions all offer financial assistance to help low and middle income students afford college. There are also tax incentives and benefits related to higher education.Financial Aid falls into four categories: 1. Grants – this is money that does not have to be repaid 2. Loans – this is money that is borrowed to cover school costs, which must be repaid (usually with interest) over a specified period of time (usually after you leave school or graduate) 3.Work-study – this is school-based employment which would allow you to earn money toward a portion of school costs during your enrollment 4. Scholarships – these are gifts or awards that are based on criteria, such as academic achievement, background, community involvement, etc.The internet can provide you with a lot of good information on funding your education, but avoid sites that charge for their services! Instead, contact an Educational Opportunity Center counselor. He or she will help you navigate the financial aid maze!
Recommended Financial Aid Links
Cash for college
College is possible!
College Board’s guide to paying for college
Fastweb scholarship search
Financial aid for students with disabilities
Financial aid information for non-traditional students
Finding and applying for financial aid
Free Application for Federal Student Aid (FASFA)
Funding your education
Glossary of student aid terms
Mach 25 Scholarship Search
Paying for your education Peterson’s Guide to financial aid and scholarships
SmartStudent® guide to financial aid
State grant and guaranty agencies The student guide to financial aid
United Negro College Fund scholarships