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What is your average financial aid package?

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Kayla’s Answer

Financial Aid is an exciting opportunity to make college more affordable. You will typically receive financial aid from the Government, from your college, or a combination of both. This means you get money toward your education that makes college easier for you to afford. The amount of money you receive depends on your familiy's finances as well as your academic persuits.
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Nadia’s Answer

There are typically 2 types of scholarships: Merit (based on your grades), and Need Based (based on your family income). You can get scholarship from Government and from the school itself. Also, there are some private scholarships available for certain groups of applicants. The best place to start is the financial aid office of your high school and talking to your high school counselor. All colleges also have a financial aid office which will help you with the forms, etc...best o luck!
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Sheila’s Answer

Hi Brenda:

You'll want to apply for financial aid as early as possible and to many different forms of aid. There are government student loans, grants, and private loans that you may get through your bank or financial institution. The previous posters provided some good insights and I'd like to share a few more items for your consideration.

COMPONENTS OF FINANCIAL AID AWARD (PACKAGE)
The award will note some combination of the following:
•Cost of Attendance
•Grants funded by Federal, State and/or School
•Scholarships funded by Federal, State and/or School
•Loans funded by Federal and/or School
•Work-study funded by Federal and/or School
•EFC–Estimated Family Contribution
•Need
•Not Eligible

AWARDS WILL VARY BY SCHOOL
•There is no standard template
•School’s policies and available resources impact award
•Your eligibility for certain programs also impacts your award. Best of luck to you!

Sheila recommends the following next steps:

CollegeBoard - Financial Aid • https://secure-media.collegeboard.org/CollegePlanning/media/pdf/financial-aid-webinar-compare-aid-awards.pdf
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