There are hundreds of resources available to students who want to continue their education and receive an online college degree but are unable to pay for it up front. Whatever route you’re choosing for student financial aid – an unpaid monetary gift or re-paid financial assistance – funding your way through school is achievable. Money no longer needs to be a factor in your decision to return or even go to school the first time around!
To decide which type of student financial aid would suit your educational pursuits, the following information on loans and scholarships should come in handy. Before enrolling at any school to acquire your online college degree, however, you need to make sure that it’s accredited, the degree program you’re interested in is eligible for student financial aid, and you’ve discussed your situation with the college’s representatives in the financial aid office.
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As they were ringing in the New Year on January 1, high school juniors and their parents were also ringing in their college financial aid “base year.” Although the actions taken in the base year can mean the difference between saving thousands on college expenses and needlessly overspending, few people understand what they need to do to achieve the former rather than suffer the latter. So, let’s take a closer look.
If you are like the vast majority of American’s in our sagging economy, your family will be looking for additional funds to help cover the cost of a college education. The largest share of this need-based supplemental money comes from the federal government through its financial aid system.
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The FAFSA, Free Application for Federal Student Aid, application will determine if you are eligible for federal student financial aid and what types of aid you are eligible for. Not all students are eligible for all aid programs. In short, the federal college aid programs you are applying for via the FAFSA are grants, work-study, and student loans. Below is a partial list of the federal financial aid programs:
Federal Pell Grant – For students with demonstrated need
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