You must receive your undergraduate college aid at least two years before you enter the college of your choice. College scholarships, grants, and loans are available both to you and your parents.
How do I find out if scholarships I’ve applied for are awarded?
Visit the College Affordability Center’s Student Success Information page to locate your current scholarship through your school or to find what awards you were awarded. If you lost your scholarship, you may contact the College Affordability Center at 571-624-7111.
Will grants and loans be forgiven after my completion of my bachelor’s degree?
Students receiving undergraduate scholarships are not required to pay back their aid or pay any of the interest that accrues from their grant aid. However, if your scholarship is from a Federal or State Educational Institution, it is required that your student grant be returned in your federal and/or state tax return as proof of grant aid received. Federal and/or State educational grant aid may be forgiven over time. Student loan forgiveness is generally not available if a debt is held for federal, state or local tax purposes. In this case, the debt must be paid or forgiven through a private lender after the student graduates.
What are college cost reductions and why should I worry about them in college?
There is a long history of scholarships and grants for certain categories of students. These are known as reduced cost scholarships or reduced cost loans. For details, go to the Federal Student Aid and Financial Assistance page.
What is a federal loan forgiveness program?
In the Federal Student Aid and Financial Assistance article listed above, there are several different federal student loan programs. For details, you can go to the Federal Student Loan Helpline at 1-888-4-FEDERIC – 888-433-4357 or contact 1-800-4-FEDERIC (1-800-433-4357).
Can I get federal aid for college tuition when I’m out of school?
Federal Aid for college tuition is available at no cost to students without some additional financial aid. If you earn a scholarship or grant, your award may be paid directly to you by the school. You do not need to apply for federal need-based student loans. However, if you are unable to find other student financial assistance, there are a number of student financial assistance programs at the state level.
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