Financial Aid for Students
This 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 counselors
College 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 "student financial 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 College
FinAid: 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 Education
Federal Trade Commission
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.
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.