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Where can you find the best financial aid support?

I am a current junior in high school and looking for financial options that allow college to be more affordable. #financial-aid #scholarship

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Paul’s Answer

The first thing you have to do is fill out the FAFSA form. This will make you eligible for federal grants and loans. In addition, once you list the schools you are applying to on the form, each school will see if you qualify for money as well. Last, you have to do a lot of research and apply for scholarships. Start on scholarships.com.

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Jerel’s Answer

Hi Maneesha,

I just wanted to shared that there are many ways to pay for college. One way to make college more affordable is to apply for scholarship. Some scholarships for college are merit-based which means you earn them by meeting or exceeding certain standards set by the scholarship-giver. Merit scholarships might be awarded based on academic achievement or on a combination of academics and a special talent, trait, or interest. Other scholarships are based on financial need. You can learn about scholarships in several ways, including contacting the financial aid office at the school you plan to attend and checking information in a public library or online. Below are some additional resources you can check out to help with your search.

Jerel recommends the following next steps:

https://studentaid.gov/understand-aid/types/scholarships
https://www.fastweb.com/college-scholarships/articles/scholarships-for-college-students
https://studentaid.gov/h/apply-for-aid/fafsa
https://www.scholarships.com/financial-aid/college-scholarships/scholarships-by-grade-level/undergraduate-scholarships/
https://bigfuture.collegeboard.org/scholarship-search
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Sheila’s Answer

Hi Maneesha:

Start out by completing the Free Application for Federal Student Aid (FAFSA). You'll need to complete the form with your parents and have important documentation available such as taxes, income, saving/checking/investment accounts, etc. From there you should apply to as many scholarships that you are interested in. Here are a few links to help you get started with your research. Best of luck to you!

Sheila recommends the following next steps:

FAFSA (Free Application for Federal Student Aid) • https://studentaid.gov/h/apply-for-aid/fafsa
College Board (Grants & Scholarships) • https://search.collegeboard.org/?word=grants+and+scholarships&tp=usearch&searchType=site&siteType=default
Pell Grants • https://www.salliemae.com/college-planning/financial-aid/understand-college-grants/pell-grant/
Public Service Loan Forgiveness Program (PSLF) • https://studentaid.gov/manage-loans/forgiveness-cancellation/public-serviceSallie Mae (Grants) • https://www.salliemae.com/college-planning/financial-aid/understand-college-grants/
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Sonali’s Answer

Look for study loans from different banks. Other than that you can also look for sponsorship/scholarship opportunities from the college.
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Simeon’s Answer

Generally, you just want to apply for as many scholarships as you can. If a scholarship has many essay requirements or applies to your demographic specifically, the applicant pool should be smaller, so those will increase your odds of getting the scholarship. Beyond applying for scholarships and grants, I'd recommend seeing if you qualify for work study. Work study is a bank of grant money that you can pull hourly wages from like a normal job, usually part time. Assuming the same hours and pay, work-study is way superior. You can get study time back if you work in a dorm lobby or a library. You can get lots of free food if you work at the cafeteria. I was able to do both and it was a big boon to both my undergraduate and graduate studies. It helped me connect the dots financially while living in college as well. Plus, you save yourself hours of time commuting to and from campus and don't have to deal with quite the same stress/pressure from having a real job off-campus.
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