Student Financial Aid Program
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Financial aid refers to the wide variety of programs helping students
pay for college or graduate school. It includes three forms:
scholarships (and grants), which are merit-based and do not have to be
repaid; loans, which are need-based and have to be repaid; and
It is amazing how much scholarship money goes unclaimed each year.
There are so many possible sources of scholarships that we cannot list
each of them here. Below are
most popular forms of scholarship programs.
There are a number of ways to find out about scholarships. First,
contact the financial aid office at the schools in which you are
interested. They will have access to a large amount of scholarship
information. Find out if there are any special scholarships for which
you are especially qualified at your school (i.e. minority scholarship
fund, Indian or individual tribal scholarships, etc.).
An education loan is a form of financial aid that must be repaid,
Education loans come in three major categories:
student loans (e.g., Stafford and Perkins
loans (e.g., PLUS loans) and
private student loans (also called alternative student loans).