Types of Financial Aid

Scholarships & Grants

Scholarships

Scholarships are money awards that do not need to be repaid. There are scholarships for demonstrated excellence in areas such as academics, athletics, music and more.

While schools award many scholarships, there are also a number of scholarships from private companies for which you may be eligible. The best way to improve your chances of receiving a scholarship is to start early and research as many possibilities as you can.

Grants

Grants are money awards you do not have to pay back. When you submit the FAFSA, awards are given to students based upon the calculated financial need:

Cal Grant (CA residents only):
Guaranteed financial aid of students meeting certain eligibility requirements.

Federal Pell Grants:
The largest source of free money from the federal government for students with financial need.

  • Awarded to every undergraduate who qualifies and has not already earned a bachelor’s degree
  • Provides up to $5,550* a year, depending on your financial need whether you are attending full or part time
  • Can be used to pay for tuition, fees and living expenses at any qualifying college

Federal Supplemental Educational Opportunity Grants (SEOG):
Awarded to eligible undergraduates with exceptional financial need

  • Provides between $100 and $4,000 a year, depending on your financial need and whether you are attending full or part time
  • Priority consideration if you are eligible for a Pell Grant
  • Not all colleges offer FSEOG

*2010-2011 maximum award

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