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Types of Financial Aid
Types of Financial Aid
Grants:
Free money from schools or the government, based on financial need (you'll need to fill out a FAFSA or CSS Profile). You do NOT have to pay grants back.
Scholarships:
Free money from schools or independent providers, usually based on eligibility requirements and an application. You do NOT have to repay scholarships.
Loans:
Loans provide you with money to pay for college (which can include non-tuition expenses), but you have to pay them back after you graduate, with interest.
Government loans generally have lower interest rates.
Private loans are generally more expensive than government loans.
FAFSA Information
FAFSA Information
The Free Application for Federal Student Aid (FAFSA) is used to apply for financial aid for college. Submitting the FAFSA is the first step to getting federal grants, scholarships, work-study opportunities and student loans. It also helps determine eligibility for most state aid programs, like the Michigan Achievement Scholarship!
The FAFSA is open for the 2026-2027 school year!
Apply here: https://studentaid.gov/h/apply-for-aid/fafsa
"Who's the Parent on the FAFSA® Form?" Wizard – A new, stand-alone tool to help students and families determine who will need to provide contributor information on the 2025–26 FAFSA® form prior to starting the application.
"Creating Your StudentAid.gov Account" Page – A new resource that explains what families and partners need to know about creating a StudentAid.gov account.
Pro Tips for Completing the FAFSA® Form – Updated tips for preparing to complete and submit the FAFSA® form. This resource will also be linked from the StudentAid.gov Dashboard to promote easier access for students and their required contributor(s).
Federal Student Aid Estimator – The tool provides an estimate of the 2025–26 Student Aid Index and Federal Pell Grant eligibility calculation.
Federal Student Aid YouTube Channel: FAFSA® Videos – Updated videos to help students and families understand the importance of the FAFSA® form, who is a FAFSA® contributor, and what happens after submitting the form.
Scholarships
Scholarships
Please join your class Counselor Group on Schoology! If you need the code, email your counselor. We post Scholarships and other opportunities that are shared with us there!
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