Types of Financial Aid
Financial aid is any type of assistance used to pay college costs.
- Grants do not need to be repaid and are available through federal and state governments, state agencies, and individual colleges.
- Scholarships do not need to be repaid and are awarded based upon criteria established by the donor.
- Student Loans must be repaid, which are low-interest loans sponsored by the federal government.
- Work Study is a federal program which provides students with part-time employment to help meet their financial needs while giving them work experience in their campuses or community.
For more information, visit www.getcollegefunds.org
Apply for Financial Aid
Fill out the Free Application for Federal Student Aid (FAFSA) in paper format from most high schools or a college financial aid office. You can also complete the form on the web at www.fafsa.ed.gov.
You can also apply for more than $10 million in private scholarships distributed each year through the Oregon Student Assistance Commission (OSAC). The OSAC Scholarship Application, covers more than 290 different scholarship programs for Oregonians, is also available in paper format at area high schools and college financial aid offices.
Apply online with OSAC's electronic application (“eApp”). Electronically upload almost all required documentation. The only materials that have to be mailed or hand-delivered to OSAC are transcripts and special documents required for certain scholarships.
To learn more about the terms used in college financial planning, check out our Financial Aid Glossary.
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