Funding Your Education
The first step is filling out the FAFSA application, which will inform you of what types of aid you are eligible for based on the information provided. The FAFSA application is completely free and have deadlines to meet in order to receive funding on time.
Grants are awarded to students with financial needs, and they can come from the federal government, state government, private or nonprofit organization. There are different types of grants and some mat have to be repaid.
Work study provides part time job opportunities for students with financial need. It's a great opportunity for students to engage on campus and with their communities while also repaying their educational expenses. Start your search here.
Scholarships are essentially free money. Unlike grants, scholarships do not have to be repaid, and they don't necessarily have to be academically driven--simply put there are scholarships for everyone and everything. Check out the following scholarships resources:
"While you’re in college or career school, you’ll need to learn how to manage your finances, plan for changes, and prepare for the unexpected. Budgeting will help you build decision-making skills and reach your financial and academic goals."
From Federal Student Aid, Prepare for College: Budgeting
College expenses can be broken down into the following categories:
Read the full chapter, Beyond Tuition: Understanding College Expenses by Alise Lamoreaux.
"'Once upon a time in America,' says professor Sajay Samuel, 'going to college did not mean graduating with debt.' Today, higher education has become a consumer product -- costs have skyrocketed, saddling students with a combined debt of over $1 trillion, while universities and loan companies make massive profits. Samuel proposes a radical solution: link tuition costs to a degree's expected earnings, so that students can make informed decisions about their future, restore their love of learning and contribute to the world in a meaningful way."
Reading List: Finances