Resources to Assist with College Expenses
When paying for college, there are various funding options available to families which include federal aid and scholarships. The application process for aid is time-sensitive. In some cases, aid is awarded on a first-come, first-serve bases due to limited availability. Adherence to due dates and accuracy of required information will increase the likelihood for award consideration.
Each year beginning October 1st students and parents can begin completing the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov. Completing this application is required in order to be considered for various federal grants and loans. It is critical that students complete their FAFSA early so they may be considered for the maximum financial aid award possible. Some aid is awarded on a first-come, first-serve bases due to limited availability. Below are details regarding each of the federal aid programs your student could be eligible to receive:
Federal Direct Loans
A subsidized loan is awarded on the basis of financial need. You will not be charged any interest before you begin repayment or during authorized periods of deferment. The federal government "subsidizes" the interest during these periods.
An unsubsidized loan is not awarded on the basis of need. You'll be charged interest from the time the loan is disbursed until it is paid in full. If you allow the interest to accumulate while you are in school or during other periods of nonpayment, it will be capitalized-that is, the interest will be added to the principal amount of your loan and additional interest will be based upon the higher amount. https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized
Federal Direct PLUS Loans
PLUS loans are federal loans that parents of dependent undergraduate students can use to help pay for college or career school. https://studentloans.gov/myDirectLoan/login.action
Teacher Education Assistance for College and Higher Education (TEACH) Grant Program
The TEACH Grant provides up to $4,000* per year in grants for graduate and undergraduate students in specified majors who intend to teach full-time in high-need subject areas for at least four years at schools classified as serving low-income students.
*While the TEACH Grant Program was originally funded at annual $4,000 awards, the federal budget has adjusted the amounts that could be awarded students within subsequent timeframes.
Federal work-study provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study.
TRiO Student Support Services
Grant Aid Award Guidelines
The following criteria will be followed when considering a participant’s eligibility for grant aid. The TRiO SSS Participant must:
* Upperclassmen may be considered for the award on a case-by-case basis if funds allow
Note: The total amount of grant aid awarded a student each year must not exceed that student's cost of attendance.
“Type of Federal Student Aid” Resource Links
· Types of Aid https://studentaid.ed.gov/sa/types
· Video from the U.S. Department of Education Office of Federal Student Aidhttps://youtu.be/Pn4OECMTh5w
Central State University offers scholarships in the categories of merit, leadership, and talent.
Students are made aware via their MyCSU emails, residential hall meetings, advisor meetings, flyers, etc. regarding various opportunities for scholarships.