Financial Aid

Many people are looking for financial aid but don’t really no where to look or what kind of financial aid they need. This guide will help you understand some of the different type financial aid programs and what they are for. Financial aid is available from the federal government, the state, and the private corporations subsidize and guarantee the loans, the student obtains the loan from a participating lending institution - bank, savings and loan association, or credit union. GCC is not a direct lending institution.

The Work Program
Many colleges today are offering the work program as help with financial aid. This is a wonderful chance for college students to be able to work to help with their college funds. Some of the jobs may not be glamorous, like working in the cafeteria, or they may not be very interesting, like office assistant. But, you are helping pay for your college education.

Some colleges do offer financial aid in a Federal Work Study program, this program is for employment that is off campus. You can talk with your counselor or financial aid office about this type of program. If your college does offer a Federal Work Study program you have to remember that this is available to students with need of financial aid, usually the most common award is in the amount of $1,600, sometimes this can be more. The employment does not necessarily have to be on campus. And you will receive the money in the form of a paycheck.

Most of the work programs for financial aid offer 20 hour positions or less per week. So, you will still have plenty of time for your studying.

Federal Financial Aid
You can apply to receive Federal Financial Aid. There are different types of financial aid available from the Federal Government. The Pell grant and the Federal supplemental education opportunity grant are a couple of Federal grants that you can apply for.

Another form of financial aid is loans. Here are the most common loans that are applied for through the Federal government, Federal Stafford Loan, Federal Perkins Loan and the Federal plus Loan.

You can apply for Federal financial aid by completing an application called the Free Application for Federal Student Aid it’s a great program used by so many.

Another great source for financial aid is scholarships. Scholarships are granted from the college that you are attending or are planning to attend. All you must do in order to receive these scholarships is to meet the criteria that each scholarship has to offer, adhere to the deadlines set forth by the college or university, get admitted to the college, enroll, and then get your scholarship.

There are many resources on the internet today that help you find information on financial aid. You will be able to find information on eligibility, how to apply online, and even how much you can expect to receive.

For information on Federal Financial Aid a great website is FAFSA and their web address is www.fafsa.ed.gov . This site will help you decide if you are eligible for Federal financial aid. A great resource that will answer all of your questions concerning the Federal financial aid programs that available.

One excellent resource on the internet for information on financial aid and how to find scholarships for college is www.fastweb.monster.com . Their database has over 4,000 colleges with information on their various scholarships and awards. They do profile matching and will keep you up to date with the latest news and new programs available. Reward yourself and your family by attending college financial aid is available.