FINANCING YOUR COLLEGE EDUCATION"If a man empties his purse into his head, no one can take it from him.An investment in Knowledge always pays the highest return"...~Benjamin FranklinHelpful links listed at end of page*FAFSA OPENS OCTOBER 1st THIS YEAR*LOG IN TODAY AT: www.fafsa.ed.gov and be the first in line to get YOUR SHARE of FREE MONEY FOR COLLEGE!!
TYPES OF FINANCIAL AID
You can continue your education after high school even if you and your parents can't meet the total educational costs whether it is college, university, vocational or technical institute. Money is usually available on a first come first serve basis to those who apply and qualify. Always check with the financial aid office of the institution. Financial aid takes on many forms:
A type of financial aid that does not require repayment or employment and is usually awarded to students who demonstrate or show potential for achievement, usually academic, at that institution. They may be merit-based and/or need-based. You do not necessarily have to be a straight "A" student.
These are awarded for specific reasons (minority, contest award), based on need or merit, and do not have to be repaid. Many grants are government awarded and require the filing of the FAFSA application. (Pell Grant, SEOG Grant)
This is an arrangement where the student combines employment and college study. The employment may be an integral part of the academic program (internships or cooperative education) or simply as a means of paying for college. The Federal work-study program requires filing of the FAFSA.
Educational loans can be from various sources: Banks, foundations, unions, etc. These loans usually have a low rate of interest and must be repaid, usually after you have completed your education. REMEMBER: Borrowing for educational expenses may be a necessity, but it may be the best investment you will ever make!
Where Do I Start in Looking For Money For College?
College/University Financial Aid Officer (FAO)
The FAO controls about ninety percent of all student financial aid available. Financial aid includes need-based and merit awards. Please contact the Financial Aid Office of the school you wish to attend EARLY (Some schools have scholarship deadlines in December, even before you are accepted). Check out the financial aid website or college catalog of your school and learn what they offer. FIRST STEP: Apply for FAFSA after October 1st of your Senior year of high school.
Various departments at a college (Art, Engineering, History, etc.) may offer scholarships to students enrolled in specific majors. Check with the college if you have a special talent such as music, art, drama, athletics, math, science and other talent areas. Sports would be included here.
Some colleges have special programs or awards for specific groups of students, such as special assistance programs for minority students, church related awards for members of their faith, or dependent of a clergyman, etc.
Local Community & HHS ONLY Scholarships
Our community offers several scholarships such as the HHS Alumni, Lone Star College, Masons, Floyd Burton and Larry Johnson Memorial Scholarships. Information is available at www.humbleisd.net/hhs/scholarships. Also talk with the organizations you have done community service with.
Various businesses or unions, especially large companies have scholarships, grants, or awards for dependents of their employees, or in some cases, for anybody. Discuss with your parents about possible scholarship opportunities through their employers, or clubs to which they belong.
Check with your local foundations. Many offer grants, scholarships and/or loans.
Advanced Placement, Dual Credit, or Clep Testing
Save money and time through your high school and/or college.
The College Resource Center, Scholarship Directories, and the Internet
There are resources for searching for scholarships in the Library, see Ms. Francis.
FAFSA is a form completed by all applicants for federal student aid. Some colleges also use this form for their own Scholarship awards & financial aid programs. FREE TO FILL OUT online. DO NOT PAY ANYONE to fill out a free application that is all about YOU. You can do it easily on your own
Why Fill Out the FAFSA?This is required to apply for federal student financial aid, and to apply for many state student aid programs. Known as a Free Application for Federal Student Aid (FAFSA), the information you provide on your FAFSA is taken from your parents tax return & determines if you are eligible for financial aid.
The FAFSA is used for the following federal programs:A comprehensive resource on student financial aid from the U.S. Department of Education. Updated each award year, The Student Guide tells you about the programs and how to apply for them.Federal Pell Grants
Federal Stafford Loans
Federal PLUS Loans
Federal Supplemental Educational Opportunity Grants
Federal Work Study
Federal Student Aid FSA ID Registration site
DO THIS STEP FIRST!!! The FSA ID is your electronic passport to all federal student aid online.Students, parents, and borrowers are required to use an FSA ID, made up of a username and password, to accesscertain U.S. Department of Education websites. Your FSA ID is used to confirm your identity when accessingyour financial aid information and electronically signing your federal student aid documents.FAFSAThis is the Official, Secure site to fill out your FAFSA. Step by step instructions; very easy.Help in Managing Student LoansThis site is your source for information from the U.S. Department of Educationabout how to manage your student loans, and other helpful tips.College for All TexansBy visiting this website, you’re just a few clicks from everything you need to select the Texas university, college, junior college or technical school that’s best for you. And you’ll find tools here that will help you plan everything in detail. You can even fill out an application for the college you choose and apply for financial aid. So relax, take a deep breath, and get started. Good luck!All the ways to Pay and SaveHow to plan for college expenses; save now or borrow later.The many ways to Fund Your EducationPlanning, Saving, Paying, Managing your college dollarsDo you need a Reality Check?Brought to you by the Texas Workforce Commission & The Texas Education Agency, this website will answer these burning questions: How much money will I need to earn in the future? Which occupation should I choose? What is the lifetime earning potential for that job? Click the link for three options to help you select the right career for your spending needs.Explore hundreds of COLLEGE MAJORS:More Ideas on PAYING FOR COLLEGE: