Hi, I'm a high school junior and I've been trying to learn about financial aid for college. I'm feeling a bit confused about the different types of aid and how they work. Can someone explain the basics of financial aid and provide some tips on how to apply for it? Thanks!
Hi there! It's great that you're already thinking about financial aid for college. I know it can be a bit overwhelming, but I'll try to break it down for you. There are four main types of financial aid: grants, scholarships, loans, and work-study programs. Grants and scholarships are considered 'free money' because you don't have to pay them back. They can come from the government, colleges, or private organizations. To apply for federal grants, you'll need to complete the Free Application for Federal Student Aid (FAFSA) starting October 1st of your senior year. Scholarships can be merit-based, need-based, or both. You can search for scholarships through various online databases or by contacting your school's guidance office. Loans have to be paid back, usually with interest, and can come from the federal government or private lenders. Work-study programs allow you to work part-time on or off-campus to help pay for college. Remember to research, apply early, and keep track of deadlines! Good luck!
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