Hi everyone, I'm a high school junior and I'm starting to think about how to pay for college. I'm wondering if I should focus on applying for financial aid or merit-based scholarships. What are the differences between the two and how can I decide which one is the best fit for me? Thanks for any advice!
Hi there! I understand that paying for college can be a big concern, so it's great that you're thinking about this now. Financial aid and merit-based scholarships are both ways to help cover college costs, but they differ in a few ways.
Financial aid is usually awarded based on your family's financial need, while merit-based scholarships are awarded for your achievements, such as academics, sports, or extracurricular activities. Financial aid typically comes in the form of grants, loans, and work-study opportunities, while merit-based scholarships are often given directly by the colleges or third-party organizations.
To determine which option is best for you, I'd recommend starting by completing the Free Application for Federal Student Aid (FAFSA) to see what kind of financial aid you might qualify for. At the same time, research colleges and scholarships that offer merit-based aid for students like you. It's essential to apply for both, as you never know what you might receive!
Ultimately, you don't have to choose between financial aid and merit-based scholarships – you can (and should) apply for both types of assistance. The more options you have, the better your chances of minimizing your college expenses. Good luck!
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