$$$How are you going to pay for college?$$$
Financial aid is money that you can receive for your educational expenses. This money can come from different entities such as the federal government, a school or state government. The purpose of financial aid is to supplement the amount you and your family contribute.
There are generally four types of financial aid:
1. Grants-Aid that does not have to be repaid. Grants are awarded based on need.
2. Work Study-A federal program that allows you to work on or off campus. This type does not need to be repaid because you are exchanging work for financial aid.
3. Education Loans-Money borrowed from an institution or the federal government. These educational loans must be repaid with interest.
4. Scholarships – Can either be in the amount of all expenses paid to individual amounts of money to specific schools or schools of the student’s choice. These do not need to be paid back but may have requirements that need to be met.
Students should fill out the FAFSA4Caster to find out what they potentially qualify for. Seniors are encouraged to start the FAFSA the beginning of February to optimize their opportunity for aid.
BYU |
003670 |
COLLEGE OF EASTERN UTAH |
003676 |
DIXIE |
003671 |
LDS BUSINESS COLLEGE |
003672 |
SALT LAKE COMMUNITY COLLEGE |
005220 |
SNOW |
003679 |
SOUTHERN UTAH UNIVERSITY |
003678 |
STEVENS HENAGER |
003674 |
UNIVERSITY OF UTAH |
003675 |
UTAH STATE UNIVERSITY |
003677 |
UTAH VALLEY UNIVERSITY |
004027 |
WEBER STATE UNIVERSITY |
003680 |
WESTMINSTER |
003681 |
Help with Financial Aid Process
The U.S. Department of Education has a new streamlined website and several social media tools that will make it easier for students and families to navigate the financial aid process and make informed decisions about paying for college. You may find this at StudentAid.gov You can also follow on Facebook, Youtube and Twitter under FederalStudentAid. Also if you have questions you can always come and speak with the HS Counselors.
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