Helping Pay for College
There are many ways to help a student pay for college. Below we break down some of the ones students and families should be aware of. If you are looking for available scholarships, click here 2020-2021 Scholarships
Scholarships-Generally two types of scholarships: Merit Scholarships and Need-Based Scholarships and they do not need to be repaid
- Merit Scholarships are for students with special qualifications, such as academic, artistic, or athletic talent; or for those interested in a particular field of study; or for students from specified backgrounds, such as Italian-Americans, students in agricultural communities, etc.
- Need-Based Scholarships are reserved for students who are underrepresented or who can demonstrate financial need. Sometimes, scholarship programs measure both merit and need. Grants
Loans-There are three major loan categories: Student Loan, Parent Loan, and Private Student Loan
- student loans (e.g., Stafford and Perkins loans)
- parent loans (e.g., PLUS loans)
- private student loans (also called alternative student loans)
Federal education loans are available in either the Direct Loan or federally-guaranteed student loan programs
Work Study- is a way for students to earn money to pay for school through part-time on- (and sometimes off-) campus jobs. The program gives students an opportunity to gain valuable work experience while pursuing a college degree. However, not all schools participate in the Federal Work-Study Program. Schools that do participate have a limited amount of funds they can award to eligible students. This is why it is so important for students to fill out the Free Application for Federal Student Aid (FAFSA®) form as early as possible, as some schools award work-study funds on a first-come, first-served basis.