Financial Aid Links
- General Information
- Financial Aid 101
- Paying for College
- CSS Profile
- Sallie Mae Loan Information
- LOSFA'S Surfing the Web for Financial Aid
- U. S. Department of Education Financial Aid Resource Publication
- LA Office of Student Financial Assistance
- College Affordability Guide
Financial aid can come in several forms:
- GRANTS (money given the student because of financial need),
- SCHOLARSHIPS (make sure you inquire if scholarships earned are renewable),
- COLLEGE WORK-STUDY (campus based jobs),
- LOANS (for students that must be paid back with interest: i.e. Subsidized Stafford Loan for students with financial need or Unsubsidized Stafford Loan for students without financial need or PLUS Loan for parents, not based on financial need, or Perkins Loan, federal money awarded by the college).
- Branches of the military also have programs available to pay for college costs. Talk to local recruiters for information about those and how they are repaid.
Some colleges have their own financial aid application form that you must complete. Search for it online. Always call the college's scholarship/financial aid office to make sure of the requirements if you can't find it online.
The FAFSA (Free Application for Federal Student Aid) is available online at http://www.fafsa.ed.gov.
Have all of your tax information organized from the prior prior year. A tool to assist you in forecasting the amount of Federal aid for which you could be eligible, visit FAFSA4caster. Type FAFSA4caster into the search box.
Complete the FAFSA online and submit as soon after October 1 as possible. An SAR (student aid report) report will be available at your FAFSA account in a few weeks. Read and follow all directions accompanying the SAR. The SAR should inform you of your EFC (expected family contribution). This is the amount they have determined you can afford to pay for college. If the cost of the college is more than your EFC, you have a financial need and should be eligible for financial aid.
In addition to the FAFSA, some private colleges and scholarship programs require submission of the CSS/Financial Aid Profile. The Profile is not an application, but a supplemental need analysis document used to determine eligibility for private, non-federal funds. Visit https://fafsa.ed.gov/.
Lending institutions have information regarding loans and the application forms.
To be eligible for federal financial aid, eighteen year old males must be registered with the selective service. To register online, visit http://www.sss.gov/.
In addition to the FAFSA, some private colleges and scholarship programs require submission of the CSS/Financial Aid Profile. The Profile is not an application, but a supplemental need analysis document used to determine eligibility for private, non-federal funds. Your college advisor has forms if you request, or visit the link below.
Visit SallieMae.com for information about student loans.
A helpful feature:
Sallie Mae® is proud to offer the College Planning Toolbox designed to help families plan for their child's college education. Within minutes, they can estimate the total cost of their child's education for all the years of the program and see simple yet effective ways to pay for school.
As families plan for college, many have asked the following questions:
- How much will college cost?
- What are the cost differences between federal and private loans?
- How can we compare the cost of attendance for various schools?
- What is the financial benefit of using savings to pay for school rather than taking out student loans?
- What will our estimated monthly payments be after my child graduates, if student loans are an option?