College can be expensive, but with the right financial aid and scholarship resources, students can make higher education more accessible. This page provides crucial information, links, and tips to help students navigate the financial aid process and discover scholarships.
Grants: Free money for college that doesn’t need to be repaid.
Example: Federal Pell Grant, Cal Grant (for California students).
Scholarships: Merit-based or need-based awards that also don’t require repayment.
Tip: Look for both local and national scholarships. Many organizations, clubs, and companies offer these.
Loans: Borrowed money that must be repaid, with interest.
Tip: Always prioritize federal student loans over private loans due to lower interest rates and flexible repayment options.
Work-Study: Part-time jobs for students with financial need, helping them earn money while attending school.
FAFSA (Free Application for Federal Student Aid): FAFSA Website
Tip: Fill out the FAFSA as soon as possible after October 1 to maximize your aid opportunities.
CSS Profile (for non-federal aid): CSS Profile Website
State-specific Aid:
Example: California Dream Act (for undocumented students in California): California Dream Act Website.
Scholarship Search Engines:
Fastweb: Fastweb Website
College Board’s Scholarship Search: College Board Scholarship Search
Scholarships.com: Scholarships.com Website
Prepare Early: Gather documents such as your Social Security number, tax returns, and financial records.
Complete the FAFSA: Submit as soon as possible after October 1. Use the IRS Data Retrieval Tool to simplify the process.
Review Your SAR (Student Aid Report): After submitting the FAFSA, you’ll receive a SAR that summarizes the information you provided.
Compare Award Letters: Once accepted to colleges, you’ll receive financial aid offers. Compare them to see which school provides the best aid package.
Accept Your Aid: Decide which aid options to accept (grants, scholarships, and work-study before loans).
Renew Annually: Reapply for financial aid each year you’re in school.
Start Early: Many scholarships have deadlines as early as your junior year of high school.
Tailor Your Applications: Customize essays and applications to fit the specific requirements of each scholarship.
Apply Widely: Don’t just focus on large national scholarships; local scholarships often have fewer applicants and can be easier to win.
Maintain Good Grades and Involvement: Many scholarships are merit-based, so strong academic performance and extracurricular involvement can boost your chances.
Keep an Eye on Deadlines: Use a calendar to track scholarship deadlines and avoid missing out on opportunities.
87% of first-time, full-time undergraduate students receive financial aid.
The average federal grant award is $4,686 per year.
Scholarships can reduce college costs significantly:
Example: In 2022, over $6.1 billion in scholarships were awarded across the U.S.
Myth: "My family makes too much money to qualify for aid."
Fact: You should still fill out the FAFSA, as many factors beyond income affect eligibility.
Myth: "Only students with perfect grades get scholarships."
Fact: Many scholarships focus on community service, leadership, and other criteria, not just grades.
Myth: "Private loans are better than federal loans."
Fact: Federal loans typically offer lower interest rates and more repayment options than private loans.
Net Price Calculators: Estimate your true college costs. Every school has one on their website.
Federal Student Aid: Comprehensive resource for understanding aid options: Federal Student Aid Website
College Affordability and Transparency Center: Compare college costs: College Affordability Center Website
High School Counselor: Your counselor can help you navigate the financial aid process.
Financial Aid Office: Contact the financial aid office of your prospective colleges for specific questions.