Financial aid is monetary assistance to help students and families with the cost of college, vocational, and trade school education by meeting both the direct costs (tuition, fees, and books) and living expenses (housing, food, transportation, and personal expenses).
Grants or Scholarships - These funds are called gift aid and do not require repayment. Grants are usually based on need. Scholarships are based on need and other criteria such as academic achievement (high overall GPA and ACT score) or a special talent.
- Loans - These are funds that must be repaid after graduation or after leaving school. Student loans (i.e., the Stafford Loan and Parent Plus Loans) have lower interest rates than commercial loans.
- Work-Study - Money earned working on campus is usually arranged for students by the college or university they are attending. For further details, a student should contact the college or university’s Financial Aid Office and make sure that they have completed a recent FAFSA application. They can then visit the college or university’s website for a list of available campus positions that meet the Federal/State Work Study requirements.
FAFSA Applications - Students will now be able to begin filing FAFSA applications beginning October 1st. Click here to learn more about what steps to take to prepare for the change.
The Free Application for Federal Student Aid (FAFSA) is required for all federal student aid programs. Both the student and his parents are required to provide financial and other information on these forms.
FAFSA-PowerPoint-Presentation: FAFSA Night 2019 Presentation from SLU.
will help you get an early start on the financial aid process by estimating eligibility for federal student aid, transferring all FAFSA4caster data to FAFSA on the Web once a student is ready to apply for aid and increasing knowledge of the financial aid process.
CSS/Financial Aid Profile
is required by selective colleges and universities
A website that serves as a guide to financial aid and helps students and families assess the cost of a college education.
Financial Aid information from the U.S. Department of Education