Scholarships

Important Financial Aid Terms

1. Scholarships: Awarded by schools, colleges, community organizations, and other entities, this form of aid is often determined by merit and does not need to be paid back.
2. Grants: Can be based off of merit/need often from states and federal sources, does not have to be paid back.
3. Federal Loans: Often referred to as subsidized and unsubsidized loans, these scholarships are provided by the Federal government to help students pay for college. Must be paid back.
4. PERKINS Loans: Federal loans often with low interest rates, must show exceptional financial need and must be paid back.
5. Private Loans: Loans obtained from private financial institutions, often have higher interest rates and must be paid back.
6. Work Study: Provides part time employment for students who qualify.

Scholarship Resources

There are many sources out there to find money for college! Here are some ideas to get you started:

1. Check out the Meadowbrook Scholarship Newsletter
2. Check the updated POINTS Scholarship Database (coming soon)
3. Attend a scholarship fair! Scholarship Sharing has a great scholarship fair right here in Richmond!
4. Check out some of the additional resources below: