Everything you need to know about paying for higher education.
For millions of American families, the path to college has become a labyrinth of forms, formulas, and financial gambles. Understanding financial aid terminology is essential: grants, loans, and work-study are the three main types of aid available. Read article →
Financial aid helps students and families pay for college. It can come from federal and state governments, colleges and universities, and private organizations. The three main types of financial aid are:
The FAFSA is the gateway to federal financial aid, including Pell Grants, federal student loans, and work-study programs. Most colleges also use it to determine eligibility for institutional aid. Filing early is crucial—some states and schools award aid on a first-come, first-served basis.
Unlike loans, grants are free money that doesn't need to be repaid. The U.S. Department of Education administers over 100 grant programs for students, schools, and educational institutions.
Up to $7,395 for undergraduates with financial need. Based on FAFSA.
Supplemental grants up to $4,000 for students with exceptional need.
Up to $4,000/year for students agreeing to teach in high-need areas.
For students whose parent/guardian died in military service post-9/11.
Many states offer their own scholarship and grant programs for residents attending in-state colleges. These can be combined with federal aid to maximize your financial support.
Browse All State Programs →In-depth guides to understanding grants, loans, scholarships, and the changing landscape of college funding.
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Read article →Question: Would you assume significant student debt for your dream school?
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