How Can I Find Sources of Aid to Help
Me Pay for School?
About two-thirds of all student financial aid comes
from the U.S. Department of Education grant, workstudy,
and loan programs you’ll read about here. We
award aid for these programs based on your demonstrated
financial need; your grades or class ranking are
not considered.
• You don’t have to pay back grants (unless, for example,
you withdraw from school and owe a refund).
• Work-study allows you to earn money for your
education.
• Loans allow you to borrow money for school. You
must repay any money you borrow.
Click on the various sections above for more detailed information on federal student aid programs. You can also go to our
Web site: www.studentaid.ed.gov.
You can learn about state aid programs by contacting
your state higher education agency.
You can learn about other programs by checking
with your high school counselor or the college or
career school you plan to attend. You might also want
to use a search engine on the Web using key words
such as “financial aid,” “student aid,” or “scholarships.”
Also, check the reference section of your local
library using the same words.
What About Scholarship Search Services
that Contact Me?
Many private scholarship search services provide sources
of financial assistance. You should be aware that we
do not evaluate those services. If you decide to use a
service, check its reputation by contacting the Better
Business Bureau or a state attorney general’s office.
How Can I Tell These Search Services
Aren’t Scams? Are There Any Signs I
Should Look For?
Estimates show that families lose millions of dollars
to scholarship fraud every year. The College Scholarship
Fraud Prevention Act provides protection against fraud
in student financial assistance. The Federal Trade Commission
(FTC) cautions students to look for these telltale lines:
- “The scholarship is guaranteed or your money
back.”
- “You can’t get this information anywhere
else.”
- “I just need your credit card or bank account
number to hold this scholarship.”
- “We’ll do all the work.”
- “The scholarship will cost some money.”
- “You’ve been selected by a ‘national
foundation’ to receive a scholarship” or
“You’re a finalist” in a contest you
never entered.
Be careful when searching
for information
on student financial assistance.
Make sure information and offers are
legitimate. Don’t fall prey to fraud.
To file a complaint, or for free information,
call
1-877-FTC-HELP (1-877-382-4357) or visit
www.ftc.gov/scholarshipscams
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