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You will write a C/C essay detailing different kinds of financial aid offered to students. You will use a valid, credible source that you will cite in text and on a works cited page. You must use the federal government’s student financial aid website published by the U.S. Department of Education. The website is https://studentaid.gov. On the home page, hover over “Loans and Grants.” On the drop-down menu, click on “Loans, Grants and Work Study” under the “Learn About Loans and Grants” column. Watch the video attached to this page. This video will provide valuable insight into the different types of Student Financial Aid. You will compare/contrast scholarships, grants, and loans by looking at applications, criteria, amounts available, sources of money, and if they must be paid back. Remember: FAFSA is not a source of aid. It stands for Free Application for Federal Student Aid. It is an application that students complete for every state and federal source of grants. Grants do not have to be repaid, but loans do. The primary federal grant is the Pell Grant. Eligibility depends on income, family size, number of family members in college, plus other things. However, the Pell Grant is not the only grant. There are two types of student loans: federal and private. There are advantages and disadvantages to each of these loans. The requirements vary with each loan. There are two basic types of scholarships: institutional and private. Institutional scholarships come from the college, while private scholarships come from individuals, companies, organizations, endowments, etc. Maintaining eligibility for grants, loans and scholarships can be different depending on each program, so it is important to be aware of the requirements, such as keeping up a GPA, staying in a particular program, or other criteria. There are other types of aid programs: work study, veteran’s benefits, children of veterans, foster care children, etc. There is money out there to help students. You must make an effort to find it.

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