What is Financial Aid?
Financial aid will include the financial assistance provided by the government, educational institutions, or private organizations to help students pay for their education. Eligibility for availing of this will be determined by completing the FAFSA (Free Application for Federal Student Aid), and the factors considered will be citizenship, academic progress, and program enrollment. Financial aid aims to ease the financial burden of tuition costs for eligible students pursuing higher education.
Geeky Takeaways:
- Financial aid encompasses various forms of assistance provided by government entities, private firms, and educational institutions to support students in financing their higher education.
- Financial aid aims to reduce the financial burden of tuition costs for eligible students pursuing higher education.
- Types of financial aid include grants, scholarships, loans, work-study programs, tuition waivers, military and veteran benefits, and other alternative assistance options.
- Eligibility for financial aid is determined based on factors such as financial need, academic performance, program enrollment, and citizenship status.
Table of Content
- Types of Financial Aid
- 1. Grants
- 2. Scholarships
- 3. Loans
- 4. The Federal Work-Study Program
- 5. Tuition Waivers and Discounts
- 6. Military and Veteran Benefits
- 7. Other Forms of Aid
- Conclusion