Begin your funding quest with scholarships.
The bulk of financial aid comes in the form of Federal student loans, which needs to be repaid over a period of time. Scholarships, like grants and awards, do not need to be repaid. Scholarships can be a great resource to help pay for the cost of college each year. Although scholarship searching can be challenging for most families the payoff is tremendous. Having a plan, being organized, and knowing how to search will help you be more successful.
How do I search for scholarships?
Becoming informed on how to efficiently search for scholarships is easy to do with The AAA Student Lending Program. The Program offers a short 12-minute podcast focused strictly on scholarship searching. Additionally, families can choose to attend a 60-minute webinar or seminar which will teach them how to prepare, organize, and search for scholarships with ease.
Will a scholarship affect other aid options?
Every College will have their own scholarship policy regarding the treatment of outside scholarships. Contact the Financial Aid Office of each college you are considering and request a copy of their official scholarship policy. Most colleges encourage scholarship searching and will scale back loans before grants or awards in your financial aid package.