When it comes to paying for school, you’re not alone. Grants, work-study, and low-interest loans help make college affordable.
Financial aid is available from a variety of sources for college, career school, graduate school, and professional school.
Financial aid is money to help pay for college or career school. Aid can come from
• the U.S. federal government, • the state where you live,
• the college you attend, or
• a nonprofit or private organization.
Besides financial aid, you also should think about what you can do to lower your costs when you go to college.
Aid and Other Resources From the Federal Government
The federal government offers a number of financial aid programs. Besides aid from the U.S. Department of Education (discussed below), you also might get
• aid for serving in the military or for being the spouse or child of a veteran,
• tax benefits for education,
• an Education Award for community service with AmeriCorps,
• Educational and Training Vouchers for current and former foster care youth, and/or
- · scholarships and loan repayment through the Department of Health and Human Services’ Indian Health Service, National Institutes of Health, and National Health Service Corps.
The U.S. Department of Education awards about $150 billion a year in grants, work-study funds.