NMOST Advancing Young Women in STEM Scholarship, due 3/8/26
To be eligible for the NMOST Advancing Young Women in STEM Scholarship, applicants must: be a high school junior or senior applying for a college program in a STEM discipline, or be a current undergraduate pursuing a STEM degree; be a resident of New Mexico or be currently enrolled at a New Mexico college or university; have a 2.5 GPA; and be a young woman (25 or younger) pursuing a STEM education and/or career.
Apply here.
Seniors - The Chris Eaton Foundation Scholarship, due 3/21
The Chris Eaton Foundation will award three college scholarships totaling $17,500 to outstanding Albuquerque high school graduating student-athletes. The scholarship amounts are $10,000 for first place, $5,000 for second, and $2,500 for third.
Applicants must have played at least one varsity sport at an Albuquerque high school (this includes EMHS), have at least a 3.2 cumulative GPA in high school, will be graduating this spring, and will attend a college or trade school in the fall. Last year’s first place winner was from Highland High.
These scholarships are awarded in honor of former Sandia High baseball coach Chris Eaton. More information, instructions for applying, and the application form are available at www.chriseatonfoundation.org.
Seniors - LANL’s Stars STEM Scholarship, due 3/27
Stars STEM Scholarship is a $1,000 award and mentorship program designed to support high school seniors who will be the first in their family to pursue a STEM career. In addition to financial support, recipients receive one-on-one mentorship throughout their academic and early professional STEM journey, including guidance in academic planning, career exploration, and navigating college as a first-generation STEM student.
Eligibility for the 2026 Scholarship Cycle:
High school seniors beginning college in Fall 2026
First-generation STEM students (parents may have a degree, but not in a STEM field)
Minimum 3.0 GPA (transcript required)
Engagement in at least one extracurricular activity, leadership role, job, or family responsibility
Students can find full application instructions and access the easy-to-fill Google Form on our website:
https://www.tothestarsscholarship.org/
Seniors - The Albuquerque Hispano Chamber of Commerce Scholarships, due 3/27
The Albuquerque Hispano Chamber of Commerce is providing 3 types of scholarships for the 2026 Education Excellence Celebration. The Scholarships are designed to provide recognition for educational achievement and award leadership qualities to graduating Hispanic high school seniors that will be attending an institution of higher learning or trade school; and students currently enrolled in an institution of higher education (undergraduate or graduate) or non-traditional adults looking to obtain a degree or certificate. The Scholarship committee will consider the educational achievements, leadership qualities, letters of recommendation, written essays and strong financial need.
Learn more and apply here.
Senior Varsity Athletes - Coach Chris Eaton Memorial Scholarship, due 3/31
Scholarships in the amount of $10,000, $5,000 and $2,500 will be awarded. Applicants must be graduating seniors who played at least one varsity sport, have at least a 3.2 cumulative GPA in high school and who will be attending college or trade school in the fall.
Applicants are evaluated based on community service, academic performance, athletic achievements and teamwork and leadership.
Apply here.
Seniors - Woodcock Family Education Scholarship Program, due 4/2
Up to three scholarships of $10,000. Renewable over four years. Applicants must be a Albuquerque Metro resident, including Bernalillo, Valencia, Sandoval and Torrance counties, have a minimum cumulative 3.8 GPA, must have strong math and/or science credentials, career goals in personal statement MUST include those in the field of math or science.
Apply here.
Seniors - Sussman-Miller Educational Assistance Fund, due 4/2
The Albuquerque Community Foundation provides assistance to students to further their education in an undergraduate program who need financial assistance to address the ‘gap’ in financial aid packages. Awards vary based on demonstrated need up to $8,000. Seniors must have a minimum cumulative GPA of 3.5
Apply here.
Seniors - New Mexico Veterans Memorial Scholarship, du 4/2
Supporting New Mexico graduating high school seniors who have an interest in or are familiar with the Medal of Honor Core Values: Courage, Sacrifice, Integrity, Commitment, Patriotism, and Citizenship. Minimum cumulative GPA 2.0.
Apply here.
Seniors -James Knott Memorial Scholarship Sponsored by the New Mexico Manufactured Housing Association, due 4/2
One or two awards up to $1,000 will be given annually. Student applicant MUST live in a mobile/manufactured home.Minimum cumulative GPA 3.0. Attend a 2 or 4 year nonprofit or public educational institution or university full time.
Apply here.
Seniors - James Ledwith Memorial Scholarship Fund, due 4/2
The recipient will be a graduating high school senior from the Albuquerque Metro Area (Bernalillo, Valencia, Torrance, and Sandoval Counties) who has overcome their personal adversity and demonstrates hope, faith and courage, thoughtfulness and service to others, living life, pursuing dreams and enabling oneself.
This scholarship is to be used for post-secondary education at an accredited nonprofit or public educational institution with the intention of pursuing a life dream and/or professional goal. The school may be a two-year or four-year college or university and the student must attend full-time. Applicants need to demonstrate that they are capable of succeeding in their educational pursuits and that this scholarship will help them in this endeavor.
One to two awards up to $2,000 will be given annually.
Apply here.
Seniors - Kiwanis Club of Albuquerque Scholarship Fund, due 4/2
The Kiwanis Club of Albuquerque Scholarship Fund was established with the intent to recognize students with a strong history of community service. One to four awards up to $1,000 will be given annually.
Applicants should be a graduating senior from an Albuquerque metro area high school (includes Bernalillo, Sandoval, Valencia, and Torrance Counties) who demonstrate strong community service experience and strong academic performance. Preference will be given to those who are planning a career in early childhood development and/or teaching. Preference will be given to those who participate in Key Club activities.
Minimum cumulative GPA 3.0
Apply here.
Seniors - NMCEL 2026 Scholarship Application, due 4/10
Applicants must have a minimum 3.0 GPA and be academically strong, be well-rounded and participate in a variety of school and community activities. Applicants will be evaluated on the Application Form (serves as the cover page), References, and Written Essay. Three to five scholarships of $2,000 each will be awarded.
Learn more and apply here.
Juniors - The Cameron Impact Scholarship, due 5/1
The Cameron Impact Scholarship is impact-driven and open to all applicants who meet the GPA and citizenship requirements, regardless of race, socioeconomic status, religion, sexual orientation or any other background factors. Integrity, intelligence, motivation, work ethic, and willingness to serve others are the strongest indicators of a worthy educational investment.
· 15 scholarships awarded per annum
· Four-year, full tuition scholarship (actual dollar amount varies based upon school selection)
· Freedom in choice of school and area of study
ELIGIBILITY REQUIREMENTS
· Accepting applications for the Class of 2027 - JUNIORS;
· have a cumulative unweighted GPA of 3.7 or higher;
· be a citizen of the United States.
*** WE ARE LIMITED TO ACCEPTING A TOTAL OF 3,000 COMPLETE APPLICATIONS.
APPLICATION DEADLINE: MAY 1, 2026 at 12PM PT (NOON) - OR - when we reach 3,000 eligible and complete applications - whichever occurs first.
***** We are only able to accept and review a total of 3,000 complete and eligible applications - please note that we typically reach capacity prior to the deadline and we STRONGLY ENCOURAGE applicants to submit well before the deadline.
Learn more and apply here.
Seniors - David R. Woodling Memorial Scholarship for certificate or degree in a metals technology program, due 6/4
The scholarship was established to support students who are or will be attending an accredited nonprofit or public educational institution in pursuit of a certificate or degree in a metals technology program with a concentration in machine tool technology and welding. Seniors must have a 2.5 GPA or higher and who will attend an accredited nonprofit or public educational institution pursuing an Associates of Applied Science Degree in Metals Technology.
Apply here.
Seniors - Andrew Piech Memorial Scholarship for Automotive Technology and related Applied Technologies, due 6/4
Students must pursue a degree or certificate from a nonprofit or public school or an automotive or technical vocational institution, including community colleges. Student may attend school full or part-time.
One to two awards up to $2,200 will be given annually. Awards may be used to cover the cost of attending school including required books, fees and materials.
Apply here.
Albuquerque Community Foundation Scholarships
Albuquerque Community Foundation has over 24 separate scholarship and student aid programs to help New Mexico residents attain their educational goals.
Albuquerque Community Foundation Scholarships
has an online scholarship process. See the full list of scholarships here: https://abqcf.org/scholarships/
To make your application process easier and more efficient, you will need to take an eligibility quiz prior to receiving the full application. To create a student account, visit the Student Portal.
Questions regarding your application? Contact us.
APS Scholarship Site
APS provides a spreadsheet containing local, statewide, regional, and national scholarships, as well as scholarship search engines and financial aid information. Visit the APS Scholarship site to view a list of scholarship opportunities.
The NM Educational Assistance Foundation (NMEAF) has Provided a Scholarship Resource Page!
Click here for valuable information about local & national scholarships, the lottery and more!
https://www.nmeaf.org/scholarships
Sophomores, Juniors & Seniors, - Enter the Big Futures Scholarship, Win up to $40,000
Earn entries in monthly drawings for $500 and $40,000 scholarships by completing steps on BigFuture. Log in to your CollegeBoard account, complete steps on your dashboard, and earn entries to win. One step completed = one entry in each monthly scholarship drawing. There are scholarship drawings starting January of your sophomore year until February of your senior year.
No essay, no minimum GPA or test score, no citizenship requirements. Just follow the steps for chances to win! The more steps you complete and earlier you start, the more chances you have to win. If you win, your scholarship can be used at any two- or four-year college. If you don’t win, your entry rolls over for the next month.
Seniors - Western Undergraduate Exchange Scholarship
December 1 is the priority scholarship deadline for most in-state and WUE schools. The Western Undergraduate Exchange (WUE) is an agreement among WICHE’s 16 members, through which 160+ participating public colleges and universities provide steep nonresident tuition savings for Western students.
Through WUE, eligible students can choose from hundreds of undergraduate programs outside their home state, and pay no more than 150 percent of that institution’s resident tuition rate.
Since full nonresident college-tuition rates may exceed 300 percent of resident rates, WUE increases affordable higher-education choices for students, and minimizes the adverse impacts of student loan debt.
Learn more about the WUE here:
https://www.wiche.edu/tuition-savings/wue/
Bold.org
Explore thousands of exclusive college scholarships across hundreds of categories found only on Bold.org.
Bold.org is a free scholarship platform featuring thousands of privately funded scholarships across a wide range of majors, interests, backgrounds, and eligibility criteria. New opportunities are added regularly, making it a helpful resource for students seeking additional funding beyond local or school-based awards.
St. John’s College in Santa Fe Offers FREE Tuition for Lower-Income Students!
The free tuition offer is open to U.S. citizens and permanent residents who submit the Free Application for Federal Student Aid – better known as FAFSA – and show a total income of $75,000 or less and “typical assets.” According to the college, they will get the institutional and federal grants they need to cover the cost of freshman year tuition. After freshman year, they will get those same grants, as long as the income or assets don’t change.
Students may also receive grants, loans and work study opportunities to help with the cost of housing and food.
This policy will go into effect for incoming students, beginning in spring 2025.
Juniors & Seniors - Match with Scholarships in Common App!
Last month, Common App announced it has partnered with the National Scholarship Providers Association (NSPA) and Scholarship America to match students with scholarships through their Common App. Their pilot of in-app matching with Scholarship America connected underrepresented students with nearly $5M last year. They’re expanding scholarship opportunities even further.
How do students match?
It’s simple! To get matched with scholarships:
Students should complete their Common App tab, paying special attention to the profile, education, and activities sections.
Students will be notified of scholarships they match with on their Financial Aid tab.
Students can then explore their scholarship matches in the Scholarships section of their Financial Aid tab. For select opportunities, like the Jack Kent Cooke Foundation scholarship, students can complete the application directly within Common App. For most opportunities, students will need to apply on the provider’s external site.
Who can match?
Students can match with scholarship opportunities before their senior year! By getting a head start on their Common App, they can also get a head start on opportunities to pay for college. Matching with scholarship opportunities is open to students using Common App’s first-year application.
Start your Common App here.
Military Scholarships, due dates vary
Many students don't realize that their spouse and/or parents' jobs could impact their scholarship search! This especially holds true for children and spouses of military service members.
Create an account and search Fastweb’s scholarship site here
No Debt/No Loan Colleges!
While many schools do include loans as a means of paying for their programs, there are also no loan colleges out there that meet 100% of demonstrated financial need - entirely student loan-free!
Read a list of no loan colleges:
We know some students don't apply to college because they are scared away by the perceived cost of attending. That’s why we highlight colleges that meet full demonstrated need (some of which even offset loans with more grant money). These institutions tend to be harder to get into, but for many working class families, those policies open the door to a highly valuable education for a fraction of their stated cost and, in some cases, for no cost at all.
Tuition-Free Higher Education for Every New Mexican!
State helps New Mexicans navigate tuition-free college with new website.
https://www.reachhighernm.com/ is a one-stop resource that guides New Mexicans to learn more about the New Mexico Opportunity and Lottery Scholarships, search and apply to public colleges and universities, and helps students maximize scholarship opportunities.
NM Opportunity Scholarship
What is Tuition-Free College?
Full tuition and fees covered at New Mexico public colleges and universities
Includes part-time and full-time students
For students pursuing credit-bearing career training certificates, associate degrees, and bachelor's degrees
Available to all New Mexico residents*
*Per residency standards set by the New Mexico Higher Education Department.
Questions? You may reach NMHED at fin.aid@state.nm.us or 1-800-279-9777
10 Sites to Kick Off Your Scholarship Search
Going Merry
A popular site recommended by independent college admissions counselors is Going Merry, which aims to simplify scholarship applications for students. Signing up is free, but students can also check to see how much they're eligible for in scholarships without signing up. According to the website, students have won upward of $40,000. "I recommend this for students due to its user-friendly platform, which simplifies the scholarship application process and aggregates numerous scholarship opportunities in one place," Denard Jones, lead college counselor at college admissions consulting company Empowerly, wrote in an email. "It offers a time-efficient approach, allowing students to focus more on their studies and extracurricular activities while pursuing valuable merit aid opportunities."
Scholarships.com
This website helps students discover scholarships they qualify for, organize their matches and apply for those scholarships. The recently redesigned website has helped streamline the process even more, says Kevin Ladd, chief operating officer and co-creator of Scholarships.com and a former U.S. News contributor. Ladd says the platform prioritizes legitimacy, accuracy and ease of function for users."If you found it on Scholarships.com, it is safe to apply for it," Ladd wrote in an email. "We thoroughly vet each one, ensuring it’s legit and there are no fees associated with applying. Daily, we are looking at these and checking them against the URL associated with them, looking at the deadline and dollar amount, filtering, etc. and emailing or calling the provider if necessary to ensure timeliness and accuracy."
Scholly
You may have heard about the Scholly app through the television show "Shark Tank," where founder Christopher Gray shared how he earned $1.3 million in scholarships thanks partly to applying to virtually every scholarship he qualified for. He found that for many of the scholarships he won, he was one of a few applicants or the only applicant. Financial management company SoFi estimates $100 million in scholarship money goes unclaimed each year, and Gray says he created Scholly to help students find that money. Now owned by educational lender Sallie Mae, the app is free and helps students identify scholarships based on their academic profile and demographics. “A lot of students are taking on way more debt than they have to,” Gray says. “That’s mainly because they don’t know these scholarships exist."
Fastweb
Fastweb is another free scholarship search provider that claims to have a database of 1.5 million college scholarships worth over $3.4 billion. Owned by Monster.com, Fastweb also offers college planning resources and financial aid information.
READ: Avoid These 7 Mistakes When Applying for Scholarships. "I like it because it’s got such a huge database," says Monica Matthews, author of "How to Win College Scholarships: Guides for Parents and Students in 10 Easy Steps." Matthews helped her three sons win tens of thousands of dollars in college scholarships through websites like Fastweb. Fastweb is "the most comprehensive website for students to find scholarships," says Christopher Rim, founder and CEO of admissions consulting firm Command Education. Like many scholarship websites, Fastweb may send a lot of emails after you sign up, so Matthews recommends creating an email address specifically for scholarship searches so that your primary email inbox doesn't get flooded.
BigFuture
A platform created by the College Board, BigFuture allows students to search for scholarships and get help paying for college. The website claims to have a database of more than 24,000 scholarships that award more than $1.5 billion annually. The website allows students to create a profile and get matched with scholarships they qualify for. "I recommend it to high schools because it offers a reliable tool for accessing essential information on both self-help and gift aid search processes," Jones says.
RaiseMe
The majority of scholarships are awarded to high school seniors, but RaiseMe advertises scholarships available to students as early as their freshman year. The website matches students with micro-scholarships, which RaiseMe defines as "a small grant that you can earn during high school or community college and put towards tuition at a four-year college or university." Students must create a profile on the website and enter their grades, hobbies, honors, awards, community service and other achievements. From there, they can potentially earn money from one of the 300 colleges that RaiseMe partners with. On average, students who use RaiseMe and meet standard eligibility requirements for a college earn $25,000 in micro-scholarships over four years of high school, according to the website.
Appily
Previously known as Cappex, Appily is another free resource that allows students to search both schools and scholarships that they qualify for based on their personal profile and demographics. You can search for scholarships based on your year in school, and after you complete a short questionnaire, the site filters schools and scholarships that may be applicable.
Read: A Guide to Scholarships for International Students."This platform provides a comprehensive scholarship database, aiding students in identifying financial aid opportunities to support their search for affordability in a personalized way by matching opportunities with student preferences," Jones says. "It also features college reviews from actual students, offering valuable insights into campus life, academics and extracurriculars."
Niche
Along with searching for scholarships, Niche.com allows students to gain a sense of a school's "personality" by reading student reviews, Hartley says. Similar to other websites, Niche matches students with scholarships that match their qualifications and provides essay-free scholarships, which some students may prefer.
Unigo
Unigo is another website that pairs students with scholarships that fit their profile. The website has more than 3.6 million athletic, merit-based and company-sponsored scholarships and grants in its database, as well as 650,000 college reviews, statistics and other data points to use when vetting schools. Users can check each month to find new scholarships that fit their profile, with some applications taking just a few minutes to complete.
Scholarships360
After struggling to find scholarships on their own, brothers Will and Brian Geiger launched Scholarships360 in 2010 to help students find money for college. Since then, the website has offered a free database of thousands of scholarships that can be filtered by grade and demographic, plus scholarships that are easy to apply for and don't require an essay. A new site feature is that all scholarships are now 'ungated' so that students don't need to sign up," company CEO Will Geiger wrote in an email. "We think that this makes Scholarships360 particularly student-centric as students can go directly to the scholarship website. They can also use our app to check their eligibility and get matches."
Cappex
Cappex is a website that matches students up with potential scholarships and also helps them discover and learn about different colleges.
Cappex, like Fastweb and Going Merry, will recommend colleges for students to apply to based on their profile. It also has a comprehensive database of colleges with information about the average net price of a college, acceptance rate, application deadlines and post-grad statistics to help you choose which college is a good fit.
The website makes a point to educate students about the college process. It has quizzes that help students understand what college majors they might be interested in and explains specific majors. Discover Cappex here:
Fastweb Scholarship Search by Interest
Today's students have many interests and Fastweb has scholarship opportunities that match. These new articles bring together some of the most popular interests for students today:
College Athletic Scholarships
Click here
Scholarships for Studying Abroad
Click here
Military Scholarships
Click here
Fastweb’s National Scholarship Directory has more scholarships by category. There are opportunities for all student interests at all school levels:
National Scholarship Directory
Click here
Sallie Mae’s Scholarship Search
Scholarship Search connects students to scholarship opportunities based on their hobbies and interests. The database now has more than 6 million college scholarships worth up to $30 billion!
Breaking Down the Types of Scholarships Available to Students
Unlike loans, scholarships do not need to be paid back and they often focus on different aspects of a student’s background, from academic achievements to athletic talents. College Ave compiled a list of the different kinds of scholarships that are available to students beyond filling out the FAFSA.
Read more here
FINANCIAL AID
The 2026–27 FAFSA Form Opened Ocotber 1!
The 2026–27 Free Application for Federal Student Aid (FAFSA®) form will open on October 1 at fafsa.gov! Students who plan to attend college, career school, or trade school between July 1, 2026, and June 30, 2027, should fill out the FAFSA form right away to be eligible for as much aid as possible.
What is the FAFSA: The FAFSA is your application for grants (free money), work study (money you earn), and loans (money you pay back). Every student should complete this application, regardless of her or his family's financial status. FAFSA information determines the amount each student is eligible to receive from a broad range of financial aid, including federal and state grants, federally-subsidized student work-study, and/or loans.
Every senior should plan to complete the FAFSA!
Read about how financial aid works:
https://studentaid.gov/h/understand-aid/how-aid-works
To best help students fill out the FAFSA form, we recommend these resources:
• Keep track of the different FAFSA deadlines for states, schools, and the federal government.
• Read “6 Things Students Need Before They Fill Out the FAFSA Form” article to learn what to gather to access and complete the FAFSA form.
• Visit the Pro Tips for the FAFSA Form Pro Tips for the FAFSA Form webpage for key information that will help students fill out their forms and avoid issues.
• Use the FAFSA Help Center FAFSA Help Center to find frequently asked questions, help articles, videos, infographics, webinars, and more.
• Watch “What Happens After Submitting Your FAFSA Form?” video for information on next steps and communications students should look for while FAFSA forms are processed.
The FAFSA will now tell you if you're applying to a school with 'lower earnings'
The Department of Education is adding another layer of transparency around earnings outcomes for students and their families applying for federal financial aid for college.
The department announced on Dec. 8 it will be adding earnings data to the Free Application for Federal Student Aid. If a first-time undergraduate student selects an institution where the data shows graduates on average don’t earn more than workers in the state — or workers nationally, for schools with primarily out-of-state students — who only finished high school, the student will see a “lower earnings” disclosure, the department says.
Read the full article in CNBC here.
FAFSA 2026-2027 for Divorced Families: Avoid Costly Mistakes with These Tips!
If you’re part of a divorced or separated family and have a student preparing for college, you may have heard of the FAFSA—or maybe not! And if you’re feeling a bit unsure about it, you’re definitely not alone. Read more here.
NMEAF’s Money Mondays - Free Live Virtual Help for FAFSA Questions!
The New Mexico Educational Assistance Foundation will be hosting Money Mondays. They provide help to seniors and their families starting October 6 on select Mondays from 3-6 PM. At FAFSA Money Mondays, NMEAF provides professionals from the local universities and other volunteers available to help you complete the FAFSA or simply answer questions about continuing your education.
Learn more and register here.
UNM will host Free Application for Student Federal Aid (FAFSA) Workshops to help students and families complete their FAFSA before the UNM FAFSA priority date of January 31.
UNM FAFSA Assistance
Virtual Appointments UNM FAFSA Workshops
Sundays: 4-6 pm
Tuesdays: 3-7 pm
Thursdays: 3-7 pm
In-Person Appointments UNM FAFSA Workshops
Mondays: 3-7 pm
Wednesdays: 3-7 pm
What You Need to Know About the CSS Profile
College Board’s CSS Profile right now. Like the FAFSA, the CSS Profile asks for financial information. Colleges with lots of scholarship funding often require families to complete this form in addition to the FAFSA. There are a lot more questions. The form can feel overwhelming.
We recommend watching one or two videos before you begin. Here are a couple of good options, along with a useful tip sheet to get you started.
What to Know About the CSS Profile [MEFA]
CSS Profile Walkthrough [Road2College]
Five Tips for Completing the CSS Profile [uAspire]
CSS Profile - do you need to complete it?
The CSS Profile, required primarily by private schools, is also open. Check out this guide about the CSS Profile and see a list of colleges that require the CSS Profile here. Access the application website here.
Financial Aid Glossary; Learn the Lingo!
FAFSA, net price, priority date — you may come across some unfamiliar terms as you start looking into and applying for financial aid. Here’s a glossary to help you make sense of it all.
Award Letter
The document you receive from a college that explains the terms of the financial aid that the college is offering you. The information includes the types and amounts of financial aid offered, what you’re expected to do to keep the award and a deadline for accepting the award.
Bursar
The college official responsible for handling billing and payments for tuition, fees, housing and other related expenses.
College Credit
When a college grants credit for a course, it means that passing that course counts toward a degree. Colleges may also grant degree credit for scores on exams.
Cost of Attendance
The total amount of college expenses before financial aid. Cost of attendance includes money spent on tuition and fees, room and board, books and supplies, and living expenses.
CSS/Financial Aid PROFILE®
A financial aid application used by more than 300 colleges, universities and private scholarship programs to award their financial aid funds. The College Board offers this service. Read more about the CSS/Financial Aid PROFILE.
Demonstrated Need
The difference between your expected family contribution (EFC) and the total cost of attendance for a particular college.
Enrollment Status
A classification based on the number of credit-hours you're taking; for example, your enrollment status may be full-time or half-time. Some loans or aid may be available only to students with a certain enrollment status, usually half-time or more.
Expected Family Contribution (EFC)
A measure of your family’s financial strength. States and colleges use this number to help determine your financial aid award. The EFC is calculated using information you supply about your family’s financial circumstances. Read about the EFC.
Financial Aid
Money given or loaned to you to help pay for college. Financial aid can come from federal and state governments, colleges, and private and social organizations. Learn about financial aid options.
Financial Aid Office
A college office that serves as a resource for students who need help paying for college costs. Financial aid officers can help you to apply for and receive grants, loans, scholarships and work-study employment. The financial aid office may also offer programs to help you manage your money.
Financial Aid Officer
College employees trained to help students and families apply for and receive grants, loans, scholarships and work-study employment. They can answer questions about ways to make college more affordable.
529 Savings Plans
State-sponsored investment plans — officially called qualified tuition programs (QTP) — that help families save money for college. The plans have tax benefits so your savings can grow faster. The money in the accounts can be used only for education expenses.
Free Application for Federal Student Aid (FAFSA)
The free application form you submit to apply for federal financial aid. It is required for all students seeking federal student grants, work-study programs and loans. Most colleges require it as well. The FAFSA may also qualify you for state-sponsored financial aid. Read more about the FAFSA.
Grant
A kind of "gift aid" — financial aid that doesn’t have to be paid back. Grants are usually awarded based on need. Learn more about gift aid.
Loan
Money you borrow from the government, a bank or another source. Loans need to be paid back, usually over an agreed period of time. You will most likely also have to pay interest on a loan — a fee for borrowing the money. Learn about Your College Loan Options.
Merit Aid
Financial aid given to students based on their personal achievements. Most scholarships are considered merit aid, as they are generally awarded for success in school, the arts, athletics or another area.
Need-Based Financial Aid
Financial aid (grants, scholarships, loans and work-study opportunities) given to students because they and their families are not able to pay the full cost of attending a certain college. This is the most common type of financial aid.
Need-Blind Admission
A policy of making college admission decisions without looking at applicants’ financial circumstances. Colleges that use this policy may not offer enough financial aid to meet a student’s full need.
Net Price
Net price is the true amount a student will pay for a college.
Colleges use “net price” to mean the published price of tuition and fees for a college minus the amount of gift aid and education tax benefits a student receives. Another common definition of “net price” is the full cost of attendance at a college (including room and board, supplies, and other expenses) minus the gift aid and education tax benefits.
Net Price Calculator
An online tool that gives you a personalized estimate of what it will cost to attend a specific college. Most colleges are required by law to post a net price calculator on their websites.
Outside Scholarship
Also called “private scholarship.” A scholarship offered by a private organization — not the government or a college. Outside scholarships are offered by all kinds of groups, individuals, corporations and nonprofit organizations.
Priority Date
The date by which your application – whether it’s for college admission, student housing or financial aid – must be received to be given the strongest consideration. Since financial aid is often limited, meeting the priority date is important to be eligible to receive funds.
Reserve Officers' Training Corps (ROTC)
A program offered by the military and available at some colleges. ROTC offers scholarships to students who agree to serve in the military after they graduate. Some ROTC four-year scholarships cover full tuition and fees. The program combines a military education along with college study leading to a bachelor’s degree.
Residency Requirements
The amount of time a student has to live in a state before he or she is eligible for in-state tuition prices and state aid.
Scholarship
A kind of "gift aid" — financial aid that doesn’t have to be paid back. Scholarships may be awarded based on merit or partially on merit. That means they’re given to students with certain qualities, such as proven academic or athletic ability. Learn more about gift aid .
Student Aid Report (SAR)
The report sent to your family after you submit the Free Application for Federal Student Aid (FAFSA) that tells you what your expected family contribution (EFC) is.
Transcript
The official record of your course work at a school or college. Your high school transcript is usually required as part of your college application and for some financial aid packages.
Undergraduate
A college student working toward an associate degree or a bachelor's degree.
Work-Study
A program that allows students to take a part-time campus job as part of their financial aid package. To qualify for the Federal Work-Study Program, which is funded by the government, you must complete the Free Application for Federal Student Aid (FAFSA). Some colleges have their own work-study programs.
Make a plan: The sooner you think about making a plan to go to college, the easier your choices will be in the future. The Federal Student Aid website is a good resource that has checklists for what you need to do to prepare for college.
The PSAT 8/9 or PreACT: Learn about these test options, which will help identify academic areas in which you need to practice. You may qualify for scholarships later based upon your test results now and in the future.
Saving for College: If possible, save what you can from birthday gifts or your part-time job. Savings will allow you to limit the amount you may need to borrow. Savings also provide you with options. Review some ways to save for college.
What you need to know about financial aid: Financial aid is money that can help you to pay for college. Review our tips on planning and paying for college.
The Language of Financial Aid: Learn the financial aid terms that will help you understand the process.
Ask Questions: Each school is unique in how they offer financial aid. Ask questions about the process and opportunities available at each one.
Know Your Options: Explore financial aid options at the colleges and universities on your list.
Visit StudentAid.gov: Check out this website to find more information on scholarships.
Understand Net Price: Most students do not pay the full "sticker price" for college tuition. Estimate your cost here.
Start the Process: Visit the financial aid websites of the schools to which you plan on applying and find out what you need to do to start the financial aid application process.
October 1: Complete the CSS Profile if it is required by the schools to which you are applying.
October 1: Complete the Free Application for Federal Student Aid (FAFSA), required by most colleges and universities.
The priority dates for submitting CSS Profile and the FAFSA applications are based on whether you apply for admission in Early Action or Regular Decision.
SALLIE MAE’S PAYING FOR COLLEGE RESOURCE
Sallie Mae created the Paying for College Resource which delivers free, easy to understand information and resources so students and families are confident they have everything they need to figure out how they'll pay for school:
Scholarship searches and FAFSA tools
Videos with topics on how to pay for college
Student loans & what you need to know before you borrow
How to review and compare financial aid offers
College admission tips
Personal answers to your questions & more
For more information click on this link.