What options are available?

Scholarships and Grants

Scholarships and grants are often referred to as "free money" because they do not need to be repaid (unless you withdraw from school). Grants are usually awarded based on need and scholarships can be either need-based or merit-based. Grants and scholarships are available through many sources, so it is important to research what options are available.

Work Study

Federal Work-Study provides part-time employment for students with financial need. Students earn money that can be used to pay educational expenses. Community service work and work related to a student’s course of study are common.

Loans

Loans are borrowed money that are later repaid with interest. The two most common for undergraduates are:

Direct Subsidized Loans: Available only to undergrad students with financial need. Interest DOES NOT accrue on these loans while a student is enrolled in school.

Direct Unsubsidized Loans: Available to undergraduate and graduate students, regardless of demonstrated financial need. These accrue interest even while a student is in school.

The current interest rates for undergraduate loans are: 5.05%

But First, Fafsa!

The FAFSA is the Free Application for Federal Student Aid. FAFSA is available October 1st for the next school year and school be completed as soon as possible. You need to complete the FAFSA in order to apply for any Federal student aid (grants, scholarships, and loans). Many states and schools use the FAFSA information in their decisions regarding if you qualify for state and school-based aid, as well. The FAFSA is your best chance for making school affordable!

REMEMBER: The first "F" stands for "FREE"! You never have to pay to complete the FAFSA form!

To complete the Free Application for Federal Student Aid (FAFSA), you will need:

Your Social Security Number

Your Alien Registration Number (if you are not a U.S. citizen)

Your federal income tax returns, W-2s, and other records of money earned. (Note: You may be able to transfer your federal tax return information into your FAFSA using the IRS Data Retrieval Tool.)

Bank statements and records of investments (if applicable)

Records of untaxed income (if applicable)

Dependent students also need this information for their parents.

To begin filling out your FAFSA: CLICK HERE!