Where Children Succeed
Financial Aid Overview
Types of Aid:
Need-based –determined by financial analysis of family.
Merit Based-determined by achievement, specific talents, accomplishments, community service, and abilities, etc.
Sources of Financial Aid:
Grants- “FREE MONEY” for college. Don’t have to pay back.
Federal grants- FAFSA- https://studentaid.gov/h/apply-for-aid/fafsa
(Pell, FSEOG, TEACH, Iraq & Afghanistan Service grant)
NYS grants- HESC- www.hesc.ny.gov Tuition Assistance Program (TAP)
Colleges may award grants for financial need, academic merit, special talent, community service, course of study, or living on campus.
Scholarships “FREE MONEY” for college. May be paid directly to you or to school.
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College/University (academic, honors program, sports, EOP, community service)
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Organizations (Fire Hall, Union, Church, Community groups)
LOOK FOR OPPORTUNITIES FOR SCHOLARSHIPS/GRANTS EVERYWHERE (Local-State-National).
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WCS Website
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Online sources (Choice 360, Fastweb)
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College Financial aid offices
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Work/Unions
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Church
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Community groups/Veterans organizations
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ACT/SAT
Loans- borrowed money to be paid back with interest.
Subsidized - You’re usually not charged interest on the loan during certain periods, such as when you’re in school at least half-time.
Unsubsidized- You’re responsible for interest during all periods.
PLUS Loan- For parents who are borrowing money to pay for their dependent undergraduate child’s education.