Financial aid programs
Student Financial Aid is categorized in to various kinds of programs. The student Financial Aid Programs are three types and can obtain from major four sources. Financial Aid programs will be different for under graduates and graduates.
The major three types of Financial Aids are:
1. Gift Aid: The repayable grants and scholarships.
2. Employment: The students can earn through part time jobs some of their educational expenses.
3. Loans: These are the funds repayable with interest, until the student attending the college or school.
The above student aid programmes can be commencing from the below of four sources:
1. Post Secondary Institutions
The Office of Postsecondary Education (OPE) offers more than 40 Financial Aid Programs, which deal with the financial needs of the students who wish to attend higher education with increasing access to quality postsecondary education.
Some of the Financial Aid Programmes by post secondary institutions are:
* Fund for the Improvement of Postsecondary Education
* Institutional Development and Undergraduate Education Programs
* International Education Programs
* Teacher and Student Development Programs
* TRIO Programs
* Other Programs
2. State Government
The state of Washington Financial Aid office offers variety of financial aid programmes to assist students and their parents in paying colleges fees.
The below are some of the proghrammes offered by the state government.
1. American Indian Endowed Scholarship
2. College Bound Scholarship.
3. Educational Opportunity Grant.
4. FAFSA - Free Application for Federal Student Aid
5. Future Teachers Conditional Scholarship and Loan Repayment.
6. GET Ready for Math and Science Conditional Scholarship Program
7. Health Professional Loan Repayment & Scholarship
8. Passport to College Promise Scholarship Program
9. Robert C. Byrd Honors Scholarship -
10. State Need Grant -.
11. State Work Study
12. Washington Award for Vocational Excellence (WAVE)
13. Washington Scholars -
14. WICHE - Western Interstate Commission for Higher Education Student Exchange
3. Federal Government
The government of federal congress offers two types of financial aid programmes such as subsidized and unsubsidized student loans. Subsidized loans will be issued based on the proof of financial need. The interest amount on these loans will be paid by the federal government. Unsubsidized loans are granted irrespective of financial need.
The below are the some of the Financial Aid Programs which were paid by the Federal government.
1. Federal Pell Grants
2. Campus-Based Aid Programs
4. Private Foundations or Charitable Trusts
There are number of charitable trusts and organizations are coming forward to assist the students in their higher education by providing the Financial Aid Scholarships. There are so many sources to search for the free scholarships through online.
Some of the renowned websites of Financial Aid Information are:
* CollegeBoard.com - www.collegeboard.com/pay
* College NET - mach25.collegenet.com/
* Fast Web - www.fastweb.com/
* Fin Aid - www.finaid.org
* College Toolkit - www.collegetoolkit.com/Scholarship/Main.aspx
* Sallie Mae College Answer - www.collegeanswer.com/index.js
The below are the eligibility requirements to get the above financial aid programmes:
* qualify for financial need as per the Financial Aid terms and conditions
* Should have a high school diploma
* Should be enrolled for an eligible program
* Should be a U.S. citizen
* Should have a valid Social Security Number