Financial Aid Material to Consider
This article lists the types of student aid provided for readers to consider, along with supplemental information from student aid websites.
By Lynne Blumberg — February 22, 2023
After accounting for the Tuition Rewards discounts, students and their families may calculate they need additional financial assistance for an academic year. Assembling financial aid from several sources is a common practice. Chrissie Klinger, Workforce Development Specialist at the Institute for the Study of Adult Literacy at Penn State University, compared a student's financial aid package to patching together a quilt. How these quilts are patterned will vary for each student. One student may get funding from two sources, another from eight. Her two children, for example, were student athletes with the same high school GPA's, and similar SAT scores. Nonetheless, when they entered Penn State, they wound up with very different financial aid packages.
Federal government
assistance is provided in grants, work study jobs, and loans. To apply for this assistance, a student completes a Free Application for Federal Student Aid (FAFSA). From the information on the application a Student Aid Report (SAR) is created that estimates a student's eligibility for federal aid for an academic year. For more information about federal student aid, go to: https://studentaid.gov/Work Study Jobs
are funded by the federal government in the form of part-time jobs. While federal grants and loans typically pay for tuition, room and board, these jobs assist with day-to-day expenses like transportation and school supplies, The Federal Student Aid website advises those interested in work study to complete their FAFSA early. The job openings may be limited, and a job search needs to begin ASAP.State government
grants and loans are also available. In Pennsylvania, where this writer is residing, state financial aid can be applied for while completing the FAFSA. To find out which agency handles financial aid in your state, go to the following link and click on your state: https://www.nasfaa.org/State_Financial_Aid_ProgramsColleges and Universities
may have their own scholarships, grants, and loans. Go to the financial aid office at your institution to find out what aid they have available and how to apply. Many of them require students to complete a FAFSA even if they will not be receiving federal aid. Schools use the SAR to figure out a student's eligibility for their own aid programs.Scholarships
, like grants, do not have to be paid back, and many private companies and nonprofit organizations offer scholarships. The applications and eligibility requirements for these scholarships vary. For example, one scholarship may be awarded to students only of a specified background, another to those pursuing a particular field of study.The list of available scholarships is long. Klinger recommended making an appointment with your high school guidance counselor for help researching which scholarships will match your profile. If you have been out of school for a while, counseling is available at your local American Job Center, United Way, or education foundations. In addition, your college financial aid office may know of other scholarships besides their own.