December 8, 2010

Financial Aid | Types Of University Financial Aid

Applying for a scholarship grant or a university financial aid can be difficult especially before the Obama Back to School speech. Since the Obama government wants the people to go back to school again, it has been making more scholarships and grants available for their citizens. A university financial aid is available in two types: the merit-based financial aid and the need-based financial aid.

A merit-based university financial aid is available for those students who have outstanding and excellent grades. It is given by most universities to their talented and exceptional students in their fields. A need-based university financial aid, on the other hand, is available for those students who have financial needs. This is especially granted to families with a low annual income.

The need-based university financial aids are mostly federal aids given by the government. However, certain universities also make these financial aids available for their students. Federal aids are usually available as grants. Grants are not the same with student loans. Grants are given for free by the government. This means that you do not have to pay back for the money given to you to support your studies.

In applying for a federal aid, you usually need to fill out an application for called the Free Application for Federal Student Aid or FAFSA. This application form, if approved by the Department of Education, can make you eligible for the type of financial aid you deserve. You only need to state in this application your current income and assets. If you become eligible, you must comply with the certain requirements set by the government.

You can learn more about the FAFSA and the application process for both the merit-based and the need-based university financial aid in these following websites: the Financial Aid Directory and the Grants Directory.

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14 Comments on Financial Aid | Types Of University Financial Aid »

April 27, 2011

Colleges Universities Scholarships List @ 8:57 am:

May 22, 2011

megan @ 5:58 am:

Honestly? you're an adult start acting like one.

As for your father's opinion – yeah company for all of 4 months. What happens the other 8 months when you don't have your family to depend on to pick up the slack with taking care of your dog? You work part time and go to school during the year. If you're going to make it as a pet owner you need to hack it on your own. Your mother is right in that having a dog changes your life. Wait until your life has settled.

And just because the dog is coming from a good friend does NOT mean the dog will be 100% the same when she is in your care. You will still have to train her to your rules and integrate her into your household and schedule WHICH is much easier if the dog doesn't get settled into the routine of you while off during break and then suddenly being tossed into you at school AND work.

June 11, 2011

hivpl @ 3:31 pm:

Directory of Financial Aids for Women 2012-2014: A List Of: Scholarships, Fellowships, Loans, Grants, Awards, A…

July 20, 2011

Colette Pioline ART @ 5:54 am:

Dr. Laura listeners need to realize that "unpaid whore" is an oxymoron.

August 1, 2011

Matt @ 10:18 pm:

It's great cause it's free. It's bad because slackers go to get b.s. profiles which slows things up for people who did really get hurt or need something checked up on. Good luck

August 16, 2011

Owen D. @ 3:01 am:

Financial aid is money you recieve to help pay for school. This includes loans, grants, and scholarships. Loans you have to pay back, usually after you get out of school. Grants and scholarships are free money you don't have to pay back. You should go to and apply for financial aid. FAFSA stands for Free Application for Federal Student Aid. This may give you a Pell grant (free money you don't have to pay back) or a Stafford loan.

I hope this clears things up for you!

August 30, 2011

Pink @ 12:56 pm:

what field of business? accounting, financial, management,marketing etc.
if your talking about general then you can always use the argument about the draw backs of loose regulation…ie look at the sub-prime mess and the near collapse of the financial sector this yr.

September 15, 2011

Bookmarklet @ 9:58 am:

September 27, 2011

@ 12:20 am:

form of financial aid. Financial aid is the big umbrella of services that assist students with paying their costs for education – this includes scholarships, loans, work-study agreements, etc. They are all difficult to obtain, no matter how smart or poor or amazing or whatever you are.]]>

September 28, 2011

Recent Articles posted on Articleshub.org @ 8:31 pm:

Kolkata, July 18 (IBNS) Union Finance Minister Pranab Mukherjee has promised financial aids for West Bengal to Chief Minister Mamata Banerjee.

read more

October 11, 2011

helpful1 @ 7:46 am:

Somewhere around 8.25 percent—but not sure. What you can do is take out your loans, usually 8 if you're in school for all four semesters. Get subsidized staffords if you can cuz the gov. pays the interest for you while you are in school. When you get out they will bombard you with offers to consolidate your loans whereby you can make one gigantic loan out of them all at usually a lower rate. Life will always include debt….so don't freak out. Just make your payments when the time comes so that it looks good for your credit score!

October 12, 2011

Shara @ 6:05 pm:

Nope, it means you're still in the running. congrats!

October 14, 2011

Pink @ 4:00 pm:

- There is too many people with that degree.

- Managers in top positions usually dont have a degree but longevety at work.

- to apply for a job they asked you for too much experience

October 16, 2011

juggalette2010 @ 7:25 am:

It means whatever you don't spend comes to you. The college you go to will distribute checks.

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