Navigating Financial Aid at UofL

I'm starting to get a little stressed about college expenses... I'm looking into the University of Louisville as one of my top schools. Does anyone have any tips on securing financial aid at UofL or should I look into external scholarships?

I completely understand the stress associated with the cost of college; it's a major factor for many students. But remember, funding college isn't just about pulling from one source, it's about building a financial aid package from various resources.

The University of Louisville offers a variety of scholarships and grants, which are essentially free money that you don't have to pay back. These can be merit-based, need-based, or a combination of both. Merit-based awards are typically tied to academic performance while need-based scholarships are granted to those who demonstrate financial need. The university's website should have a comprehensive list of the available scholarships, their criteria, and deadline information.

As for applying to any type of aid, the first step is to complete the FAFSA as soon as possible after October 1st. This will qualify you for federal grants, work-study, and loans based on your family's financial situation as determined by factors like income, assets, and the number of dependents going to college, among others.

In addition to UofL's offerings, definitely explore external scholarships which could further offset costs. Both national and local organizations offer numerous scholarships based on factors like academic achievement, extracurricular activities, community service, or specific interests. These do require some research and a nice amount of effort given the competition, but securing even a couple can make a significant financial impact.

Lastly, remember to consider work-study programs or part-time jobs as viable options to help finance your expenses. Work-study programs are often on-campus, making them a convenient way to earn some money while fitting it into your schedule.

Remember, the process requires some work and the deadlines are important. Stay organized, start early, and make sure to send in everything on time. Good luck!