How to Choose a Financial Aid Program

After you apply for financial aid, take the time to choose the right program.

Things You'll Need

• Accounting Services
• Career Counseling
• Credit Counseling Services
• Postage Stamps
• Envelopes
• Stationery
• Backpacks

Instructions

1. Apply for dependent student aid if you're going to college straight from high school. Dependent student aid is determined by parents' financial background.

2. Opt for independent student aid if you're married, born before January 1, 1975, are a veteran, are in a professional or graduate program, or have legal dependents.

3. Apply for a Federal Supplemental Educational Opportunity Grant (FSEOG) if you have a low expected family contribution rate.

4. Consider the Federal Work Study Program (FWS) to use part-time work to help pay for tuition and gain experience before leaving school.

5. Look into student loans to receive low-interest rates and a variety of repayment options.

6. Opt for private loans to avoid filling out federal forms or to cover expenses that federal loans don't cover.

7. Remember that parent loans can supplement student loan packages.

Tips & Warnings

• Consult the school you plan to attend to find out about its financial aid programs.