Financial Aid is an important factor in the college choice process. For many students, this process affects whether or not they attend college, or which institution they attend. Due to it’s importance, the decision to apply for financial aid, and which programs to accept, should only be made with a sound understanding of the financial aid process, responsibilities, and requirements.
Financial aid is any type of scholarship, grant, loan, or part-time employment offered for the express purpose of helping a student pay for educationally related expenses. Financial aid can be provided by federal, state, institutional, or private agencies. If you qualify, you may be offered combinations of these types of aid, depending on your financial need and the funds available. Scholarships can also depend on achievement.