About Financial Aid
It is important to keep in mind that even small stipends, grants and scholarships can add up quickly and reduce your overall debt burden. Take the initiative to explore all your options including grants, scholarships, individual loans, government loans and loan repayment.
Free Application for Federal Student Aid (FAFSA) -- To be eligible for federal student aid you must fill out the FAFSA every year.
Federal Student Aid -- This government site provides information relevant to parents, teachers and students on everything from choosing a school to repaying your loans.
FinAid -- This well-respected Web site offers resources pertaining to all aspects of financing your education. Keep in mind that scholarships are competitive, so it is wise to apply for multiple scholarships and grants to increase your chances of getting all of the funds that you may be eligible to receive.
Scholarships and Loans -- Information about scholarships and government loans.
Service-Based Loan Repayment Programs -- Loan repayment programs are sponsored by national, state and local governments and some private organizations. Usually participants provide service for two to four years in exchange for living stipends and repayment of educational loans.
Income-Based Repayment -- Beginning July 1, 2009, students with federal loans can apply for a new loan repayment option known as Income-Based Repayment (IBR). According to the IBRinfo Web site, the new program "can help borrowers keep their loan payments affordable with payment caps based on their income and family size." Applications are now available on the U.S. Department of Education's Web site (www.ed.gov).