Difference between revisions of "Financial Aid"
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Financial aid comprises all scholarships, grants, waivers, loans, gifts, and work study programs you qualify for as a university student. | Financial aid comprises all scholarships, grants, waivers, loans, gifts, and work study programs you qualify for as a university student. | ||
How do you know what you qualify for? Fill out your [[FAFSA]]! Upon completing the FAFSA, you will get your expected family contribution, or the amount each year your family is expected to pay. The rest of the cost of attendance is covered by scholarships, grants, and loans. | |||
The math works like this: total cost of attendance - expected family contribution = your financial aid. | |||
If you're reading closely, you might notice that '''loans''' are part of the financial aid package. Unlike scholarships and grants, you must repay any loans. Why are these included in your financial aid package? Good question. | |||
Some universities, like the University of Chicago[https://nobarriers.uchicago.edu/] do not include loans in your financial aid package. When you receive your financial aid letter, read it closely and see Stallings with any questions. | |||
The [https://secure.okcollegestart.org/Financial_Aid_Planning/_default.aspx OKcollegestart website] is a great place to begin researching this process. | The [https://secure.okcollegestart.org/Financial_Aid_Planning/_default.aspx OKcollegestart website] is a great place to begin researching this process. | ||
[[Category:College]] | [[Category:College]] | ||
Revision as of 14:50, 23 July 2017
Financial aid comprises all scholarships, grants, waivers, loans, gifts, and work study programs you qualify for as a university student.
How do you know what you qualify for? Fill out your FAFSA! Upon completing the FAFSA, you will get your expected family contribution, or the amount each year your family is expected to pay. The rest of the cost of attendance is covered by scholarships, grants, and loans.
The math works like this: total cost of attendance - expected family contribution = your financial aid.
If you're reading closely, you might notice that loans are part of the financial aid package. Unlike scholarships and grants, you must repay any loans. Why are these included in your financial aid package? Good question.
Some universities, like the University of Chicago[1] do not include loans in your financial aid package. When you receive your financial aid letter, read it closely and see Stallings with any questions.
The OKcollegestart website is a great place to begin researching this process.