Utilizing Financial Aid and Scholarships
Once you have narrowed your major, transfer instuons and budget, it is a good me to start thinking about
applying for nancial aid.
Complete your FAFSA (Free Applicaon for Federal Student Aid) by March 1.
Apply for scholarships prior to April 1 if transferring in the fall and October 1 if transferring in the spring.
Check your email regularly to stay on top of any unmet requirements that could impact your eligibility.
Types of Financial Aid
The U.S. Department of Educaon awards about $150
billion every year to help millions of students pay for
college. This federal student aid is awarded in the
form of grants, low-interest loans, and work-study
Upon compleng your FAFSA, you should consider
what types of nancial aid you are eligible for and
what you need to cover your projected cost of tuion,
fees, books, supplies and other educaonal expenses.
Grants and Scholarships are typically awarded on
the basis of need and generally do not have to be
repaid. Grants and scholarships are oen called
“gi aid” because they are free money—nancial
aid that doesn’t have to be repaid. Grants are
oen need-based, while scholarships are usually
merit-based. Grants and scholarships can come
from the federal government, your state govern-
ment, your college or career school, or a private or
nonprot organizaon. Do your research, apply for
any grants or scholarships you might be eligible
for, and be sure to meet applicaon deadlines!
Loans consist of money that students borrow to
help pay for college, and must be repaid (with
The Federal Work-Study Program enables
students to earn money during the school year
while also gaining valuable work experience,
typically in part-me, career-related jobs.
Source: U.S. Department of Education
Tips for Applying for Financial Aid
Maintain your GPA! This can aect your
eligibility for any kind of nancial aid
Use the Net Price Calculator for transfer
schools to determine the projected cost
(There are links provided on the next page).
Add your top ve schools to your FAFSA! You
can add up to ten schools to send your
FAFSA informaon to.
When applying for scholarships, be sure to
spell-check and have a friend proofread your
applicaon and/or essay before submission.
File your taxes early. When compleng your
FAFSA, you should wait about two weeks
aer you have led your taxes.
Sck to the deadlines! When it comes to
applying for nancial aid, be sure to stay on
top of due dates for scholarships.
Compleng your FAFSA early may result in
eligibility for addional grants.