Financial Aid for StudentsThis Information Web page, prepared by the Congressional Research Service for Members of Congress, guides students through the process of locating and applying for financial aid. [Updated March 2006]
Free information is readily available from: High school counselorsCollege and career school financial aid offices (where you plan to attend) Local and college libraries U.S. Department of Education Web page Other Internet sites (search terms student financial aid OR assistance) Ask questions: counselors may know if you have exceptional circumstances that affect your eligibility. Be organized: use calendars to keep on track. Keep copies of all forms and correspondence: you must reapply for aid each year. Parents of students: save money long before your child attends college. College Savings Plan Network (state "Section 529" plans)FinAid: for Parents Tax incentives for higher education expenses Good overviews: Cash for CollegeFinAid: The Smart Student Guide to Financial Aid Financial Aid: You Can Afford It Looking for Student Aid Mapping Your Future
Beware of scholarship scams -- don't pay for free information! U.S. Department of EducationFederal Trade Commission Student aid and where it comes from Basic assistance categories:
Federal Student Aid:
States offer residents a variety of scholarships, loans, and tuition exemptions.
Colleges and universities provide some 20% of aid, most need-based. Check university Web sites and the institution's financial aid office when you apply for admission. Private foundations, corporations, and organizations offer scholarships or grants: Targeted aid for special groups
Interested in public service? Federal assistance programs seek to encourage people to work in geographic areas or professions where there's a particular need (such as doctors in underserved areas); encourage underrepresented groups to enter a particular profession; and provide aid in exchange for services provided (such as military service).
Aid for private K-12 education: No direct federal assistance, check with schools themselves:
Repaying your loans
After college, the federal government has ways to help you repay your loans.
States, schools, and some private employers provide help in repaying loans in exchange for public service.
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