Loveland Community Scholarships - watch for information regarding our Loveland Community Scholarships that are only available to Seniors in the Thompson School District in early spring!Websites where scholarship information can be found include:
. . .but you may search for scholarships on your own and many colleges have a list on their websites of scholarships they suggest their students apply for. The general rule, however, is that if the scholarship is asking you to pay them any sum of money it is not likely to be a valid scholarship— so be wary of writing checks to scholarship committees! For more information on scholarship scams go tohttp://www.finaid.org/scholarships/scams.phtml or http://www.ftc.gov/scholarshipscams.
Scholarshipstreet.com has prepared a nifty one-page sheet called, "Scholarship Success Summary."
Grants are need-based funds given by the government to students who qualify. Need is typically determined using the results of the Free Application for Federal Student Aid (FAFSA) application. Grants do not need to be paid back! It is important, however, that if you want to qualify for grants offered by the college of your choice you need to complete the FAFSA before their deadline! This means that you should complete the FAFSA as soon as your parents have completed their taxes your senior year.
The Free Application for Federal Student Aid goes directly through the U.S. Department of Education and uses your family's detailed income information to determine how much aid you qualify for. It is recommended that every student attending college file the FAFSA so the schools can determine if you qualify for money from them including grants, need-based scholarships, or work-study. The application can be found, and applied for without cost to you, at www.fafsa.ed.gov.
When should you apply for the FAFSA? Students and their parents should apply for the FAFSA no earlier than January 1st of the year they plan to enter college as soon as taxes have been filed. (For example, if you will be going to college in the fall semester of 2010, you should apply for the FAFSA after January 1st, 2010 as long as your taxes have been completed.) It is important that you do not put the FAFSA off as grants and need-based scholarships are determined according to the State deadline or the college's specified deadline. To find out the college's deadline feel free to call their financial aid department! The other deadline you should be aware of is the Federal Deadline which is typically the end of June.
If you are concerned about filling out your FAFSA you may consider attending an event put on by College Goal Sunday where you will be given assistance! For more information see www.CollegeGoalColorado.org!
The work-study program offers positions that, depending on your determined need, provide opportunities to earn money while attending college. Typically, work-study positions are on campus and may be more convenient for students than attempting to find a job off campus. To qualify for work-study you must complete the FAFSA.
Loans are borrowed money which students and their family have to pay back. Loans you should attempt to qualify for are given by the federal government through completion of the FAFSA. These loans have fixed rates that are typically more affordable than banks can give you. The FAFSA will determine, based on your family income, if you qualify for loans at a subsidized rate. Subsidized means that, should you qualify, the government will pay your interest rate while you are a full-time student and for a grace period after you graduate. Unsubsidized loans mean that you are responsible for paying the interest while you are in school. There are a number of other loans that you can qualify for through the federal government but be sure to read everything before you accept the loan they offer and be informed.