Now that you’ve decided on the school you plan to attend, it’s time to explore how you’re going to pay for it.
We recommend finding free money first. Grants, like scholarships, are financial aid for college that do not have to be paid back. The biggest difference between the two is that grants are often need-based, while scholarships may be need-based or merit-based. Both federal and state governments provide grant funds for students attending colleges and universities. To apply for government grants, you must first complete and submit the Free Application for Federal Student Aid (FAFSA).
Types of college grants
Grants and scholarships can come from many sources including the federal government, state governments (where you live and where you plan to attend school), the college you plan to attend, outside organizations, and non-profit groups. Never pass up FREE money for college opportunities. While a grant generally won’t pay for all your college costs, it can be a big help, especially when combined with scholarships and other financial aid. Complete your FAFSA early, as many grants are awarded on a first-come, first-served basis.
And keep in mind that it’s never too early to start your search for free money through scholarship opportunities. A good place to begin your search is with Scholarship Search by Sallie Mae®. It allows you to customize your search depending on your interests, age, grade level, and more. You can even set up special account alerts to notify you when a new scholarship opportunity that matches your profile becomes available.
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