Federal Grants

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Grants are generally awarded by federal and state governments for students in extreme financial need.

The grant is gift money that does not have to paid back. All federal grants require you to file the FAFSA form to determine eligibility. Grants are administered and disbursed by the schools.

detail information about federal grants

Federal Work Study Program

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Federal Work-Study Program offers work-study programs for both undergraduate and graduate students where the student can work part-time on campus or in the community to earn money to help pay for education expenses.

Students are paid at the federal minimum wage (or more) on an hourly basis —

  • The wage is dependent upon your skill set and work requirement. Graduate students may be paid hourly or by salary.
  • Work assignments can be on-campus and off-campus work in public-related services. The amount of work is determined by your school and cannot exceed the Federal Work-Study award.
  • Contact your school's financial aid office for information about the Work-Study program.
  • You must first compete the Free Application for Federal Student Aid (FAFSA) form


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Scholarships are available from many private and educational institutions. This type of financial aid does not have to be paid back.

There are 3 categories of scholarships:

  • Institutional Scholarships:
    scholarships from the college to the student for achievement in athletic, academic, and extracurricular activities such as music, art and other.

    Many colleges likewise award scholarships for certain majors; i.e., academic achieved students majoring in mathematics. So complete a thorough research potential awards.
  • Private Scholarships:
    generally from employers, religious and ethnic affiliations.
  • Service Scholarships:
    national and community associations and the military . These scholarships are awarded in exchange for community or military service after your graduate.

    Take note that many non-funded scholarships may be from your own local area — area businesses and associations.

More About Scholarships

Scholarship Search:

You need to start early to find all available scholarships. Check your field of study, ethnic background, social and religious affiliations, parent's employment, family club memberships, and local businesses and clubs.

Beware of potential scholarship scams. A general rule to follow is, "if they request money from you in order to get money", they are likely a scam

scholarship search


Scholarship Requirements:

Every program is different, so check early on what will be required and make sure you meet all deadlines.

The scholarship may require an essay, written exam, or some demonstration/document of your eligibility

Most scholarships (including athletic) will require a minimum GPA. Failure to maintain your GPA level could forfeit your award.

Most scholarship funds will be sent to the college directly on your behalf.


Private Institutions:

Private organizations that offer scholarships or loans to members and their families who below to the organization

Institutions include churches, community groups, professional associations, hobby groups, and others.

Many businesses offer educational allowances to employees and their families — check with your parents' employee benefits department.

Federal Student Loans

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The Federal Government offers 2 types of student loans:

  1. Stafford Student Loans:
    The most common form of self-help aid. These are loans made to students in undergraduate and graduate-level programs.
  2. PLUS Loans:
    available to parents of dependent students attending a certified school. Parents can borrow up to the full cost of education minum any financial aid awarded to the student.

    The PLUS loan is also available for graduates and professional students. They likewise can borrow up to the full cost of education (including travel) minus any financial aid received.

    PLUS Loans are available to all qualified borrowers regardless of their financial situation. Borrowers must pass a credit check in order to qualify. PLUS Loans do require your filing the FAFSA form.

More detail information available:

stafford loans
PLUS loans
GradPLUS loans

Private Student Loans

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Many government programs and loans do not cover the full cost of education. So many students are turning to private student loans to make up the difference between total cost of school and any financial aid they may receive.

Private Student Loans are offered by financial institutions, educational institutions, and professional associations. They are not guaranteed by the government so the interest rate and origination costs may be higher.

The advantage of Private Student loans is that loan amounts are not tied to any federal or college limits.

detail information about private student loans

Home Equity Loans

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Homeowners can use the equity value in their homes to help pay for education.

Advantages include:

  • you are not restricted by federal loan limits
  • the funds can be used for any purpose — including auto transportation — as determined by the home equity owner
  • funds can be borrowed as they are needed — not all at once under many other programs
  • the home equity line can be available from year-to-year without submitting annual application and qualification forms
  • interest rates for home equity lines can be as low as the Prime Rate
  • the interest costs for borrowed funds may be deducted from your taxes if your qualify — see your tax advisor for further information
information about home equity and the bank equity program

View: Other Aid Sources

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