Avoiding Scams Before you apply for financial aid, learn how to spot potential fraud, avoid paying for free services, and prevent identity theft. Save Your Money: Don’t Pay for Help to Find Money for CollegeTry These Free Sources of InformationDon’t Pay for the FAFSA® Save Your Identity: How Does Identity Theft Happen? Report Fraud and Identity Theft: Report Financial Aid FraudReport Fraudulent Activity by a CollegeReport Identity Theft Save Your Money Don’t Pay for Help to Find Money for College Commercial financial aid advice services can cost well over $1,000. If you're unsure whether to pay a company for help finding financial aid, stop and think for a minute: What's being offered? "Buy now or miss this opportunity." Top Try These Free Sources of Information Types of Federal Student Aidother federal agenciesa college or career school financial aid officea high school or TRIO counselor your state grant agency the U.S. Don’t Pay for the FAFSA® Save Your Identity How Does Identity Theft Happen?
A Parent's Guide to Financial Aid Your child is worried about getting into college—but you're probably more concerned about paying for it. Here's the good news: there is plenty of financial assistance for families paying for college. You just need to know how to get it. The prospect of applying for financial aid can seem intimidating—especially the first time. But the financial aid process is not as difficult as you think. All it takes is time, a little organization—and a lot of paperwork/online forms. Previewing Your Magic Number The "magic number" of the financial aid process is the Expected Family Contribution (EFC). You can get a preview of your EFC using one of several calculators on the Internet (to get two estimates based on the two most widely used methods). "Do not assume you will be ineligible [for financial aid] before calculating your expected contribution with this tool," says Robert Massa, vice president of enrollment, student life, and college relations at Dickinson College (PA). How It All Works The FAFSA
Types of Aid Financial aid is money to help pay for college or career school. Aid can come from Besides financial aid, you also should think about what you can do to lower your costs when you go to college. “Types of Federal Student Aid” Video Check out this video to learn about grants, loans, and work-study jobs and how they can help fund your education. View accessible version (wmv) Aid and Other Resources From the Federal Government The federal government offers a number of financial aid programs. The U.S. Federal student aid includes: Grants—financial aid that doesn’t have to be repaid (unless, for example, you withdraw from school and owe a refund)Loans— borrowed money for college or career school; you must repay your loans, with interestWork-Study—a work program through which you earn money to help you pay for school Use FAFSA4caster to get an estimate of how much aid you might receive from the U.S. Apply for federal student aid using the Free Application for Federal Student Aid (FAFSA®). Top
Financial Aid Can Help You Afford College With financial aid, many students who can’t afford the full cost of college are able to earn their degrees. In fact, most full-time college students receive some type of financial aid. Financial Aid Defined Financial aid is money that the government and other organizations give you or lend you so you can pay for college. Sources of Financial Aid Financial aid comes from these sources: The federal government (the largest source) State governments Colleges and universities Private organizations, such as companies, clubs and religious organizations Banks and lending companies Types of Financial Aid There are four main types of financial aid. Grants Grants are called gift aid because they do not have to be paid back. Scholarships Scholarships are also gift aid. Loans Borrowing money from a bank, government or lending company is called taking out a loan. Our Student Loan Calculator can help you figure out how much you can afford to borrow. Work-Study Programs Net Price How to Apply for Financial Aid
Financial Aid Shopping Sheet This Web page provides students, families and institutions with resources and background about the development and adoption of the Financial Aid Shopping Sheet. The Shopping Sheet was previously referred to as the Model Financial Aid Offer Form and Know Before You Owe. The Financial Aid Shopping Sheet (PDF) is a consumer tool that participating institutions will use to notify students about their financial aid package. It is a standardized form that is designed to simplify the information that prospective students receive about costs and financial aid so that they can easily compare institutions and make informed decisions about where to attend school. The Shopping Sheet became available for use beginning in the 2013-2014 award year. In July 2012, the Obama Administration unveiled the 2013-2014 version of the Shopping Sheet. Institutions may contact ShoppingSheet@ed.gov to indicate their commitment to use the Shopping Sheet. Shopping Sheet Documents OPE Policy Page | OPE Home
NACAC Fee Waivers Gap year students or individuals choosing to defer applying to college rather than immediately transitioning after high school graduation are not eligible to use NACAC's Request for Application Fee Waiver Form. NACAC recommends that prospective students in these categories contact the admission office of the institution(s) to which they are seeking admission regarding an institutional fee waiver. If you are a transfer student, see the Transfer Fee Waiver. Students must complete the student section in its entirety. How many fee waiver requests may I submit? Does my school counselor need to sign the fee waiver form? My counselor is not a NACAC member; can I still use the form? Where do I mail the form? What are the income eligibility guidelines for the Free and Reduced Price Lunch (FRPL) program? Source: Federal Register, Volume 80, Number 61 Is the school seal required? Is there a directory of colleges/universities who accept the forms? I am a homeschooled student.