What types of financial aid should I be looking into?

Hi guys! I'm a junior in high school, and I'm starting to research financial aid options for college. I know there are scholarships, grants, and loans, but I'm not exactly sure what the differences are or which ones I should be focusing on. Can anyone provide some guidance on the types of financial aid available and how to apply for them? Thanks so much!

Hi there! It's great that you're starting to research financial aid options early. There are indeed scholarships, grants, and loans, and each has its own characteristics. Scholarships are typically merit-based, meaning they're awarded based on your achievements, such as academic, athletic, or artistic talent. Grants, on the other hand, tend to be need-based, meaning they're awarded based on your family's financial situation. Loans are borrowed money that you'll need to pay back, usually with interest. I recommend starting with scholarships and grants, as they don't need to be paid back. Begin by searching for local scholarships since they often have less competition. For grants, you'll want to complete the Free Application for Federal Student Aid (FAFSA) to determine your eligibility for federal grants. Additionally, look into work-study programs, which provide part-time employment to help pay for college expenses. Remember to keep track of deadlines and requirements as you apply. Good luck on your financial aid journey!