different ways to pay for higher education 1. what have you heard about paying for higher education?...

Different Ways to Pay for

Higher Education

1

What have you heard about paying for higher education?

2

Definition of Financial Aid

Financial aid is the money given to you by others to help pay for your education.

Sixty percent (60%) of the post high school students in the U.S. use some kind of financial aid to pay for higher education.

3

Myth Busting

Only students with the best grades qualify for financial aid

4

Myth Busting

Only rich kids can afford four-year schools.

5

Myth Busting

Only students from

low-income families

qualify for financial help.

6

Myth Busting

Students who are not high achieving or top athletes should not spend time searching for scholarships.

7

Myth Busting

All students who go to college

leave owing a lot of money.

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Financial Aid Priority Order

Loans

Other Financial Assistance

Scholarships

Grants

Work Study

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What is Financial Aid?

Which should you consider first? Grants

Scholarships

Work Study

Loans

Other Financial Assistance

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Grants

FREE MONEY!

FederalState

Institutional

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Work Study

EARNED MONEY!

InstitutionalFinancial Aid for Working

while a Student 12

State of Florida Grants

State of Florida Need Grants–

Based on the financial needs of your family

You must be a Florida resident at a qualifying State of Florida college or university

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Scholarships

Scholarships can be: Local, regional, state or national A private or public group Given for many reasons

Check out www.flvc.org to find out what scholarships may match YOU!.

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Loans

1. Money that is borrowed and must

be repaid.

2. All loans are not equal.

3. Understand interest

4. The fine print matters.

5. Borrow responsibly! 15