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How Will I Pay for College?
Financial aid is money loaned or given to students to pay for college or other job training programs like Aveda Institute or HVAC programs.
Most students pay for college with various types of financial aid.
- Need-based financial aid is based on what the family can contribute to college costs, which is determined by FAFSA or ORSAA.
- Merit-based financial aid is based on achievement in academics, leadership, sports, music or other extracurricular areas.
Financial Aid includes:
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Loans
- Loans are borrowed money and a form of debt - students must pay them back with interest.
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Federal Subsidized Loans don't accrue interest until 6 months after graduation
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Federal Unsubsidized Loans accrue interest immediately
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Students qualify for federally backed student loans through FAFSA/ORSAA.
- Examples also include private loans and Parent Plus loans
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Grants
- Given to students based on financial need.
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Free money! Does NOT need to be paid back
- Provided by colleges, federal and state governments.
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Apply through FAFSA and Oregon Student Aid
- Examples include the Pell Grant, Oregon Promise Grant, the Oregon Opportunity Grant, and the Chafee Grant.
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Scholarships
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Free money! Does NOT need to be paid back
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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.)
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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.
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Federal Work Study
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Priority choice of part-time jobs on campus
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Students responsible for finding a job that accepts work-study students
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Demonstrate interest in being considered for Work Study in FAFSA application
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Need-based
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