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3 Important Steps for Financing Your Future
- Submit required financial aid forms on line at www.fafsa.ed.gov
- Apply for scholarships and grants
- Keep track of progress
While there are many different ways to pay for college, financial aid via (FAFSA) Financial Student Aid, pell grants and loans, work study options are just a few, make sure you research every area to ensure you are making the right decision in funding your future without the overburden of debt. We have provided you with a brief overview of some of your options
Federal Pell Grant:
Financial assistance awarded by the federal government on the basis of need and designed to provide “floor” of an aid package for postsecondary education. The grant may be used for tuition, room and board, books, or other educational costs, and requires no repayment.
Federal Direct Loans:
Loans made by the federal government directly to qualifying students and parents through participating colleges.
Federal Subsidized Stafford Loan Program:
Provides low-interest federal loans to eligible students through banks, lending institutions and participating Direct Loan Schools. It is based on need, and the interest is paid by the federal government for qualifying students while they are enrolled at least half-time. Repayment begins after the student leaves school.
Federal Work Study:
A government-supported financial aid program coordinated through financial aid offices whereby an eligible student (based on need) may work part time while attending class at least halftime, generally in career-related jobs.
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