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The first step to planning for college and creating a budget is knowing what resources you have. You are your greatest resource. Even if you receive federal aid or scholarships, it's YOU that must take action to make that possible.
Make informed decisions! Get as much knowledge on financial aid so you can be prepared as possible. Our website gives great information on the process of applying for financial aid. Other websites that are helpful to students and families are www.StudentAid.org and www.studentaid.edu.gov.
The main sources students may receive financial aid are:
Gift Aid is aid that does not need repaid; these include grants and scholarships. After using all gift aid that you are eligible for, other types of options are available, such as loans. Loans are considered “self-help” aid because they must be repaid, usually with interest.
Other options to consider are:
Need more information? NASFAA's website www.StudentAid.org, offers information to help students and parents overcome financial barriers to higher education.
Loans are borrowed money and must be paid back
You can apply for three different loans through the FAFSA form:
You may also apply for other loans through:
For information about how to get a student loan, completing MPN, completing Entrance Counseling, paying back loans, and other useful information visit the following websites.