Financial Aid Resources
There are several ways for individuals to obtain money for college. These include college/university financial aid, corporately funded tuition, scholarships, and federal student aid. The U.S. Department of Education is the largest provider of grants, loans, and work-study funds for students. Every January, the financial aid application process begins. The process is straightforward. Go to FAFSA.gov and begin the free application.
The following choices for financial aid are available:
• Student Loans: While similar to regular loans, student loans can only be used for college or training and must be repaid in full with interest.
• Grants: These provide students with money that does not need to be repaid. However, qualifying for a grant is based on financial need.
• Scholarships: Given to students who excelled in high school, scholarships are cash awards that do not need to be repaid.
• Work-Study: These grants give students an opportunity to work a part-time job, sometimes in their fields of study, and allow students to earn money to help pay for their education.
There are a variety of loans, grants, and work study programs available, each with their own unique eligibility criteria. Although the primary qualification is that the individual has financial need, there are other prerequisites. A student must be a U.S. citizen; if an international student, he or she must have a Green Card or T-VISA. Additionally, a student must have a high school diploma or general equivalency degree, be enrolled in a university program, registered with selective service if male, have a valid Social Security number (with exceptions), and maintain passing grades while in college.
If a lack of funds is the only thing holding you back from pursing a college education, please visit the Federal Student Aid website at http://studentaid.ed.gov/ to learn more.
Distance Learning - Is it Right for You? is available in paperback and ebook at Amazon.com, or pdf version on BellaOnline eBook Store.
Libraries and Academic Institutions please visit Distance Learning Books for discounts on bulk orders.
Editor's Picks Articles
Top Ten Articles
Content copyright © 2018 by Patricia Pedraza-Nafziger. All rights reserved.
This content was written by Patricia Pedraza-Nafziger. If you wish to use this content in any manner, you need written permission. Contact Dr. Patricia Pedraza-Nafziger for details.