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Constituent Services
Student Services
Financial Aid for Students
Guides students through the process of locating and applying for financial aid. Prepared by the Congressional Research Service for Members of Congress, updated June 2009.
Student aid and where it comes from
Targeted aid for specific groups
Start gathering information early.
Free information is readily available from:
High school counselors
College and career school financial aid offices (where you plan to attend)
Local and college libraries
Student Aid on the Web (U.S. Department of Education)
Other Internet sites (search terms student financial aid OR assistance)
CRS Financial Aid For Students: A Print and Web Guide
Ask questions of counselors: you may have exceptional circumstances that affect your eligibility.
Keep copies of all forms and correspondence: you must reapply for aid each year.
Parents of students: save money long before your child attends college.
FinAid: for Parents
College Savings Plan Network (state "Section 529" plans)
Tax incentives for higher education expenses
Good overviews:
Cash for College
FinAid: The Smart Student Guide to Financial Aid
Financial Aid: You Can Afford It
Looking for Student Aid
Mapping Your Future
Paying for College
Beware of scholarship scams -- don't pay for free information!
Department of Education
Federal Trade Commission
Basic assistance categories:
- Financial need-based
Remember that students and their parents are responsible for paying what they can-- financial aid is a supplement, not a substitute, for family resources. - Non need-based
Factors include academic excellence, ethnic background, or organization membership. Corporations may also offer assistance to employees and children.
Federal Student Aid:
- Provides nearly 70% of student aid under Loans, Grants and Work/study programs.
- Available to all need-based applicants; some loans and competitive scholarships for non need-based.
- Free information from the U.S. Department of Education:
- Student Aid on the Web
- Financial Aid Resource Publications
- Loans are the most common federal aid and must be repaid when you graduate or leave college.
- Stafford Loans (FFELs and Direct Loans) include:
- Federal Family Education Loans (FFEL) from private lenders, such as banks and credit unions, guaranteed by the federal government.