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| Types of Aid | ||||||||||||||||||||||||||||||||
| SCHOLARSHIPS | ||||||||||||||||||||||||||||||||
| Financial Aid Home | ||||||||||||||||||||||||||||||||
| Scholarships and grants-in-aid are outright grants of money or other tuition-reducing considerations given to a student. The amount of the grant will vary with the student's financial situation, or with the attractiveness Of that student to the school. Scholarships take several forms. Some of the most common are: | ||||||||||||||||||||||||||||||||
| College Advisement Home | ||||||||||||||||||||||||||||||||
| MKHS Home | ||||||||||||||||||||||||||||||||
| Scholarships offered by the College: Many of these scholarships are guaranteed for four years, while others are renewed after each academic year depending on the progress or performance of the recipient. These grants may range anywhere from partial tuition to full tuition and room and board. Specific academic or activity (i.e. athletic, debate, band) scholarships are examples of scholarships offered by the individual college. | ||||||||||||||||||||||||||||||||
| State Scholarship Programs: Make scholarships available to residents of the residing state. It is important to note that it is the residence of the child's parents or guardian which determines his state. Owning property in a state is not considered residing in the state. Most state scholarships are awarded on a basis of academic qualifications as well as financial need. | ||||||||||||||||||||||||||||||||
| National Scholarship Programs: Many grants are offered through nationwide programs. Such scholarships are usually obtained directly through the participating college or university. | ||||||||||||||||||||||||||||||||
| Armed Forces Scholarship Programs: Which include the ROTC programs among others. These programs are offered by the Navy, Army, and Air Force, and they pay most of the costs of a four-year education plus a monthly stipend. The scholarships are highly competitive and include a commitment to serve for a pre-specified amount of time in the branch of the armed forces selected upon graduation. | ||||||||||||||||||||||||||||||||
| Business and Industry Scholarship Programs: Often children of employees of companies which offer such programs have special opportunities and are given preference in the selection procedure. Parents are advised to check with human resource (personnel) departments or labor union offices where they work to see if such programs are available and if so, what the eligibility requirements are and how to apply. | ||||||||||||||||||||||||||||||||
| Religious Institution Scholarship Programs: your religious institution, through its national or local organization, may have scholarship aid available. Contact your minister, priest, or rabbi. | ||||||||||||||||||||||||||||||||
| LOAN PROGRAMS Several large-scale loan programs have come into existence during the past few years, all with the basic objective of making an education possible through long-term loans at low interest rates. Almost all colleges maintain some type of loan program. The catalogue usually describes the funds available and the conditions under which loans are granted. Some of the most common types of loans are: |
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| Loans to parents or guardians | ||||||||||||||||||||||||||||||||
| Loans to students | ||||||||||||||||||||||||||||||||
| National Defense Student Loans (NDEA) | ||||||||||||||||||||||||||||||||
| �Commercial Loans underwritten by States (Guaranteed Student Loans) | ||||||||||||||||||||||||||||||||
| OTHER SOURCES OF COLLEGE FINANCING | ||||||||||||||||||||||||||||||||
| Family resources | ||||||||||||||||||||||||||||||||
| �Student resources (savings, legacies, etc.) | ||||||||||||||||||||||||||||||||
| Student earnings while in college and during the summer | ||||||||||||||||||||||||||||||||