Although financial aid may seem complicated and difficult, your counselors, Ms. Mulnix, and the financial aid officers at colleges are available to help you. Don’t hesitate to contact them.

Financial assistance is offered in several types from the federal government, state government, private sources, and from the colleges themselves.

Scholarships and grants are gifts of money. Often they are based upon need. Sometimes, they are awarded for academic excellence or special achievements.

Loans are a significant part of most aid packages. They must be repaid, but most often not until after you graduate.

Work-study is a part-time job on campus. For example, you might work in the library or as a food-service worker.

How do I apply for financial aid?
All students should file a Free Application for Federal Student Aid form (FAFSA) as soon as possible after January 1 of senior year. This is done once parents have completed their tax return. Forms are available in Student Services, however it is easier to file online at www.fafsa.ed.gov. The Educational Opportunity Center in Fort Collins offers free help with the FAFSA 970.221.4421.

How do I get more information on financial aid?
Request a free copy of “Funding Education Beyond High School” by writing to:

Federal Student Aid Information Center
P.O. Box 84
Washington D.C. 20044
800-4-FED-AID
Internet Address: http://studentaid.ed.gov/students/publications/FYE/index.html

The U.S. Department of Education also has a toll-free number to answer questions about federal student aid programs at 800.433.3243. If you are deaf or hearing impaired, you may call toll-free at 800.730.8913

What is the formula for determining financial aid eligibility?
Eligibility for federal student aid funds is determined according to rules authorized by Congress. Family size, income, assets and number of family members enrolled in postsecondary education are among the factors taken into account.

With program costs so high, as well as the rising cost of living in general, shouldn’t I just look for the less expensive alternative?
Not necessarily. Expensive programs often have more financial aid to help families bridge the gap between the costs and what they can afford to pay. Match your interests with colleges’ academic programs first, and then see if you can find a way to pay for your first choice.