ETS FINANCIAL AID/SCHOLARSHIPS
What kinds of student financial aid are available?
Because price is important to many students and parents, here is some basic financial aid information:
- Grants do not need to be repaid. Some are awarded based on financial need; others recognize academic ability or performance in areas such as music, or athletics.
- There are many scholarships sponsored by foundations, corporations, or other organizations.
- Loans must be repaid, usually starting after graduation. Many education loans feature low interest rates and generous payback schedules.
Subsidized Loans
Subsidized loans are awarded to students based on financial need. Students who receive
a subsidized loan will not be charged interest before repayment of the loan begins.
The federal government subsidizes the interest of the loan during the time the student
is attending college.onsors a number of student loan programs, as do some private
lenders and colleges themselves.
Unsubsidized Loans
Unsubsidized loans are not awarded on financial need. Students who receive an unsubsidized
loan will be charged interest from the time the money is disbursed and continue to
accrue interest until the loan is paid in full. The interest is also capitalized,
which means the student will pay interest on the amount of interest that has already
accrued.
Jobs on campus or during summer breaks provide income to offset expenses and can be important sources of experience.
Scholarship Opportunities
Please check carefully the data site that collects personal financial data.
vanderburghcommunityfoundation.org
highfivescholarships.com
thewashboard.org/login.aspx
scholarshipmonkey.com
www.aie.org
bigfuture.collegeboard.org/scholarship-search
collegexpress.com
collegescholarships.org
collegetoolkit.com
discovernursing.com
edu.fastweb.com
college-scholarships.com/free_scholarship_searches.htm
guaranteed-scholarships.com
internationalscholarships.com
moolahspot.com/
scholarship-page.com
scholarships.com
schoolsoup.com
studentawards.com
supercollege.com
tuitionfundingsources.com
studentscholarships.org
ncaa.org
collegenet.com
fastweb.com
cappex.com
collegegreenlight.com
learnhowtobecome.org/college/financial-aid-for-lgbtq
learnhowtobecome.org/college/financial-aid-for-veterans
learnhowtobecome.org/college/financial-aid-for-minority-students
learnhowtobecome.org/college/financial-aid-for-students-with-disabilities
www.learnhowtobecome.org/college/financial-aid-for-women
learnhowtobecome.org/college/financial-aid-for-online-colleges
collegeaffordabilityguide.org
TheBestColleges.org
thebestcolleges.org/college-scholarships-for-minority-students
thecashlorette.com/millennial-money/best-college-majors
accreditedschoolsonline.org/resources/college-internships-and-employment
affordablecollegesonline.org/college-resource-center/job-offers
edumed.org
edumed.org/resources/student-online-guide-to-internships
Minority Scholarships:
Black Excel College Help Network
Hispanic Scholarship Fund
Gates Millenium Scholars Program
affordablecollegesonline.org/college-resource-center/making-college-affordable-online-guide-for-hispanic-students
learnhowtobecome.org/college/financial-aid-for-minority-students
accreditedschoolsonline.org/resources/financial-aid-scholarships-for-hispanic-students
affordablecollegesonline.org/college-resource-center/black-students-college-scholarships
affordablecollegesonline.org/financial-aid-for-minorities
Test Prep Site
www.khanacademy.org