Confused About Financial Aid?Posted November 8, 2017 | By csponline
Understanding Your Financial Aid Options
Education is an investment, and understanding your financial aid options is an important step in funding additional study. But the process can seem overwhelming. Here’s a checklist to help you get started!
- First, fill out the Free Application for Federal Student Aid (FAFSA) to determine your Expected Family Contribution, or EFC. The FAFSA tells you how much financial aid you are eligible for. Use your school’s FAFSA code to ensure you get accurate information.
- Decide if you want to apply for grants or loans. Federal grants like the Pell Grant don’t require you to pay them back, but student loans must be repaid with interest.
- Research scholarships. Scholarships do not require the money to be paid back, and there are more out there than you might think. Some schools also have dedicated scholarships available for transfer students, such as Concordia University, St. Paul’s $2,000 Transfer Advantage Scholarship. This is a great way to fund your next degree while getting credit for the courses you’ve already completed.
Concordia also offers competitive tuition pricing and has waived the online application fee. You can learn more about Concordia’s Transfer Advantage by talking to your campus representative!
Explore your financial aid options
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Also published on Medium.