• How Will I Pay for College?

    Financial aid is money loaned or given to students to help pay for college or other job training programs like the Aveda Institute or pre-apprenticeship programs.

    Financially Inclined published two great podcast episodes about paying for college:

     

    Financial Aid includes:

  • Loans

    • Loans are borrowed money and a form of debt - students must pay them back with interest. 

    • Federal Subsidized Loans don't accrue interest until 6 months after graduation 

    • Federal Unsubsidized Loans accrue interest immediately 

    • Students qualify for federally backed student loans through FAFSA/ORSAA.

    • Examples also include private loans and Parent Plus loans

  • Grants

    • Given to students based on financial need. 

    • Free money! Does NOT need to be paid back

    • Provided by colleges, federal and state governments.

    • Apply through FAFSA and Oregon Student Aid

    • Examples include the Pell Grant, Oregon Promise Grant, the Oregon Opportunity Grant, and the Chafee Grant. 

  • Scholarships

    • Free money! Does NOT need to be paid back

    • Awarded based on merit and/or financial need. Apply early and often! Check Trivory every week.

    • Applications vary (university websites, Oregon Student Aid, independent organizations, etc.)

    • Often requires FAFSA/ORSAA completion to be eligible

    • Essays are often an important part of scholarship applications. Contact the College and Career Center or check out the  Writing the College Essay page for support. 

  • Parent Contributions

  • Federal Work Study

    • Priority choice of part-time jobs on campus

    • Students responsible for finding a job that accepts work-study students

    • Demonstrate interest in being considered for Work Study in FAFSA application

    • Need-based