Federal Education Resources

Financial Aid Information for Students

Applying to college is an important step in any young adult's life. I know that looking for scholarships, grants, and other programs can be overwhelming. So I hope that this guide will help walk you through the process and make things a little easier for you.

Most student aid falls into three categories, (Loans, Scholarships/Grants and Congressional Scholarships).

  • LOANS: This is the most common type of federal student aid. Remember that any money borrowed is money you have to pay back.
  • SCHOLARSHIPS/GRANTS: Mostly need-based and typically do not need to be repaid. Federal scholarships/grants include:
  • CONGRESSIONAL SCHOLARSHIPS: Highly competitive scholarships based on merit and named for members of Congress. Congressional members do not play a role in selecting recipients. These scholarships are available to both need-based and non need-based aid seeking applicants.

Step 1: Plan Ahead

To be successful in anything, developing a plan is key. Here are the first steps you can take:

  • Meet with your high school counselors
  • The financial aid office at the school you plan to attend

More information:

Remember: All students have to apply each year for financial aid, so don’t procrastinate, get your application in early and make sure to keep copies of your research, correspondence, and applications to make the process simpler next year.

Step 2: Obtain your student aid

There are a few different types of financial aid for students. Below is a list for you to review.

Step 3: Repay your student loans

So you’ve graduated and gotten your degree – Congratulations! Now it is time to repay what you’ve borrowed. Thankfully, the federal government can help you. However, eligibility depends upon the type of loan, when it was made, and whether or not it is in default. Check with your loan officer to see where you stand.

Federal Tools:

Step 4: Additional Information For Parents

Parents, you can start saving money for college costs long before your child is ready to attend!