|Financial Aid||What is it?||What do I need to know?|
A grant is money for college that you don't have to pay back, as long as you maintain satisfactory academic progress. A grant is usually provided by the state or federal government.
Grants don't have to be repaid
They're based on financial need (determined by the FAFSA).
One of the most common grants is the Federal Pell Grant. The maximum award is more than $6,000 per year.
Ask the financial aid office at your college for more info about available grants.
Work study is a part-time job for students that is usually on campus and has flexible hours that generally work around your class schedule.
|Work study jobs can give you work experience related to your college major (such as working in a chemistry lab, tutoring center, or campus business office).|
Student loans are money you borrow for college that you have to pay back-even if you don't graduate.
If you're eligible to receive grants or take part in the work-study program, always use those funds first.
Apply for as many scholarships as possible and use college savings before deciding to borrow student loans.
Explore federal student loans first (through submitting your FAFSA), as they often have lower interest rates and more flexible repayment options compared to private loans.