Financial Aid & Scholarships

Differences between Financial Aid & Scholarships?

Going to college or university can be an exciting but costly experience. However, there's no need to worry because financial aid and scholarships are available to help you out!

Financial aid is typically based on financial need and may require repayment. On the other hand, scholarships are often given based on merit or achievement and don't need to be paid back.

When considering ways to cover your education costs, take the time to research and find the best fit and consider combining both financial aid and scholarships.

Learn about the differences between financial aid and scholarships below.

3 Main Types of Financial Aid

Students attending college are investing in their future and financial aid can be a great way to pay for school.
Read through your main options described below.

GRANTS

Financial aid that generally doesn't have to be repaid.

Types of Grants
Federal Pell Grant
Federal Supplemental Educational Opportunity Grant
Teacher Education Assistance for College Grant

LOANS

Money borrowed that must be
repaid with interest.

Types of Loans
Direct Subsidized Loan
Direct Unsubsidized Loan

WORK-STUDY

Work programs for students to earn money to help pay for college

Types of Work-Study
Teaching Assistant
Library Attendant
Campus Ambassador

Scholarships

Scholarships provide financial aid for undergraduate and graduate degrees. They are like little gifts that help students achieve their academic goals. Scholarships can be one-time payments or renewable, providing funds each semester or school year.

Unlike student loans, scholarships don't need to be paid back. Scholarship money can either be sent directly to the student or their school. If the scholarship and other financial aid cover all expenses, any leftover money goes to the student.

Search for Scholarships using these websites.

Scholarshipexperts.com
Fastweb.com
Scholarships.com
CollegeBoard.com
Unigo.com
Careeronestop.org
Myscholly.com
Studentscholarshipsearch.com

Contact the LHS Go Center at (936)633-7592 for more information.

BigFuture Event, December 12th @ 7 pm

$40,000 Scholarship Opportunity

This opportunity does NOT require essays, minimum GPA, test scores, or citizenship.

Simply join a #RealTalkTuesday free virtual event.

Click here to RSVP and qualify.

Choose from 2 events, or increase your chances to earn by attending both!

Event 1 - How I Won a $40,000 BigFuture Scholarship!
Tuesday, December 5 at 7 pm

Event 2 - Let'sTalk $$: Filling Out the FAFSA
Tuesday, December 12 at 7 pm

Financial Aid image sources: Savantwealth.com, 123rf.com, istockphoto.com

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