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Exploring Financial Aid

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Experts say not to wait to apply for financial aid

QUINCY, sick. (WGEM) -- Time is running out to apply for financial aid for college next year. Due to the economy, experts say there is an increased demand for assistance this year and there may not be

9 Mar 2010, 9:28 am | click here to view more

Blackboard Introduces Flexible Financial Aid Disbursement for Higher Education

Blackboard Inc. today announced the launch of Blackboard Payâ¢, an open-loop prepaid card program that lets educational institutions simplify the disbursement of financial aid credit balances â as well as student payroll â while cutting costs for institutions and lowering student fees.

9 Mar 2010, 7:00 am | click here to view more

More students want financial aid

More students are applying for financial aid for next academic year.

9 Mar 2010, 5:03 pm | click here to view more

Gorres to thank UV for financial aid

Z Gorres returns to his former school, the University of the Visayas (UV), today, to give thanks for the financial aid given to him. read more

9 Mar 2010, 2:48 pm | click here to view more

Financial aid seminars in Florida

Florida Educational Consultant Brenda J. Hall, founder and president of Scholarships and College Planning, will offer series of financial aid workshop at Primo Sports in Florida.

9 Mar 2010, 1:40 am | click here to view more

Financial aid form axed for continuing students

The University has eliminated the need to file a portion of the current financial aid application for continuing students, in hopes of easing the paperwork burden for continuing students applying for assistance.

8 Mar 2010, 7:22 am | click here to view more

Financial aid tips

By: Shane Damico University Registrar and Assistant Vice President of Student Financial Aid Karen Jarrell, Financial Aid Deputy Director Beth Tolan and Assistant Directors Sarah Dorsey and Carmen Velez share k...

8 Mar 2010, 6:39 am | click here to view more

Financial aid deadline Wednesday

State financial aid deadline is Wednesday, March 10

8 Mar 2010, 6:03 pm | click here to view more

More students applying for financial aid

The number of Illinois students filing financial aid forms has jumped more than 20 percent in the first two months of this year compared to last year.

8 Mar 2010, 4:47 pm | click here to view more

Students in race for state's college financial aid funds

The race for college financial aid is on. Applications for state financial aid grants are being filed at a recordpace. Students who don't complete applications soon could risk beingshut out from state aid. In January and February, more than 180,000 Illinois students filedfinancial aid forms, 21 percent more than the number who did so in thesame period last year. "There is an incredible demand ...

8 Mar 2010, 4:01 am | click here to view more


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About

Student financial aid refers to funding intended to help students pay educational expenses including tuition and fees, room and board, books and supplies, etc. for education at a college, university, or private school. General governmental funding for public education is not called financial aid, which refers to awards to specific individual students. Certain governments, e.g. Nordic countries, provide student benefit. A scholarship is sometimes used as a synonym for a financial aid award, although grants and student loans are also components of financial aid packages from students intended colleges. Financial aid may be classified into two types based on the criteria through which the financial aid is awarded: merit-based or need-based. Merit-based scholarships include both scholarships awarded by the individual college or university and those awarded by outside organizations. Merit-based scholarships are typically awarded for outstanding academic achievements and minimum SAT or ACT scores , although some merit scholarships can be awarded for special talents, leadership potential and other personal characteristics. Scholarships may also be given because of group affiliation (such as YMCA, Boys Club, etc.). Merit scholarships are sometimes awarded without regard for the financial need of the applicant. At many colleges, every admitted student is automatically considered for merit scholarships. At other schools, however, a separate application process is required. Athletic scholarships are a form of merit aid that take athletic talent into account. Need-based financial aid is awarded on the basis of the financial need of the student. The Free Application for Federal Student Aid (FAFSA) is generally used for determining federal, state, and institutional need-based aid eligibility. At private institutions, a supplemental application may be necessary for institutional need-based aid.

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