| In the days when money was available for financing | | | | aside by the government; these grants are awarded |
| education and the banks had reserves to loan money, | | | | up $5,000. |
| almost all students were able to attend college. Times | | | | There are certain requirements when filling out the |
| have now changed, colleges and especially the | | | | application, the student must show their financial status |
| financial aid offices are overrun with students who are | | | | and expenses. The application is a lengthy and it |
| asking for additional help. Today financial aid is very | | | | requires long processing time, because of this it is |
| strict and only is awarded to those in need. | | | | recommended that those seeking the grant money |
| Colleges today require information for attaining financial | | | | apply early. The money can be used for book, supplies |
| aid. | | | | and any other expenses. |
| • Many of the college's websites include directions | | | | The private sector decided to step in when the |
| and form, these can be used for information on how | | | | stimulus package was enacted. They created many |
| to apply aid. | | | | different scholarship programs and these scholarships |
| • Pleading your case and composing a letter can | | | | are sponsored by individuals, corporations and |
| help, remember to give specific reasons why aid is | | | | organizations. The money has been allocated and will |
| needed. | | | | be disbursed to those who are awarded the |
| • Documentation is needed when applying for aid, | | | | scholarship. The forms are simple to fill out and the |
| many times the financial aid office will need to see | | | | money that is awarded is up to $10,000. |
| W-2s, tax forms and expenses. | | | | Since there are many more scholarships being created |
| • Financial aid is given out to the first who apply, so | | | | and awarded many students have been returning to |
| it's important to apply as early as possible. | | | | college. There are different types of scholarship |
| Colleges have money that is already committed for | | | | programs; each one fits a different need financial need. |
| students; those who apply late may not have a | | | | When the money is awarded it can be used for all the |
| chance of getting aid. | | | | different educational supplies, books, or fees. |
| If the aid is not available because of applying late or | | | | When the money is received from the scholarships |
| who were denied still have other opportunities. | | | | the money does not need to be paid back. The |
| As many more people want to attend college, the | | | | scholarships are associated with deadlines, because of |
| government started the grant program which was | | | | this it is recommended by the sponsors that the |
| included in the stimulus package. Money has been set | | | | applications are filled out early for consideration. |