ABSTRACT
This section references the various resources that are available: types of federal aid—the FAFSA application that may result in (scholarships, Parent PLUS loan, grants, etc.) and identifies/discusses the various avenues of paying for college—private scholarships, corporate scholarships, college-based scholarships based on majors or special interest, honors programs, and/or places of employment that offer tuition matching. The free application for federal student aid (FAFSA®) is the main (of two) application utilized in the determination of family need and identified expected level of financial contribution towards college expenses, tuition, and fees. The completion of the FAFSA® is required for any federally funded or school-based scholarship consideration. It is strongly advised to complete the form even if one thinks they make too much money. Many scholarship organizations require information reported by the completed FAFSA. The other tool used by private colleges and universities is called the CSS Profile®, offered by College Board. Here monies are institutionally based, rather than federally funded, and often come from endowments and alum contributions. Monies allocated by the CSS Profile® are earmarked to offset student needs.
Other specialized monies are available for those that meet the requirements such as Work-Study and military or ROTC scholarships. Please refer to Chapter 21 for additional information.
