Financial Aid

Financial Aid is funds provided to students and families to help pay cost of attendance. It covers direct costs and indirect costs. Federal Aid programs are the ones that give out the most money like FAFSA (Free application for federal student aid). The expected family contribution (EFC) is the amount family can reasonably be expected to contribute. Scholarships is money that doesn't have tobe paid back. It is awarded on the basis of skill, merit, or unique characteristic. Loans is money students and parents borrow to help pay college expenses. Repayment usually begins after education is finished. I plan on applying for scholarships and FAFSA but not Loans becuase I think it would be difficult for me to pay back.