Financial Aid Frequently Asked Questions (FAQS)
     What types of financial aid are available?
    • LOANS  -  Money that is borrowed by the student and/or parents and which must be paid back. If you qualify for Subsidized loans then a portion of the interest for the loan is paid for the student while they are enrolled. Repayment begins six months after your schooling is complete.
    • GRANTS  -  Money given by the state or federal government that does not have to be paid back.The amount of money given is based on demonstrated financial need.
    • SCHOLARSHIPS  -  Money awarded to you that does not have to be paid back. Scholarships can come from private sources (i.e. organizations, businesses) or the school you plan to attend. Scholarships are usually based on academic achievement as measured by GPA and SAT or ACT test scores.  Some scholarships are awarded based on financial need or special talents (i.e. athletic ability, music ability).
    • WORK STUDY  -  Money is earned by you while working at the school.  Must be approved by through the financial aid application process.  You are paid minimum wage and your work hours are set at a minimum number per week.
    Before I apply to college, can I get and estimate of how much financial aid I might qualify for?   
    Go to FAFSA 4caster at www.fafsa4caster.ed.gov/ to find out an estimate!
    I'm a senior.  When and how do I apply for financial aid?  
    You may apply for financial aid anytime after October 1 of the senior year. All seniors begin the financial aid process by completing the Free Application for Federal Student Aid (FAFSA) form on-line at www.fafsa.ed.gov/.
    In addition to the FAFSA, some schools may require their own  financial aid form(s). Check with each school for specific requirements. If the school requires the CSS/Financial Aid Profile form, one can be obtained on-line at https://profileonline.collegeboard.com/prf/index.jsp
    Do I need anything before applying? 
    You will need to apply for a secure FSA ID. This is your electronic signature. Your parents/guardians will need one too. You will register for this ID number at www.fsaid.ed.gov.   
    Are there deadlines for applying for financial aid? 
    Yes! There are application deadlines for both federal and state financial aid programs. To see these important dates go to www.fafsa.ed.gov/ and click on Application Deadlines.
    What other tips do I need to remember?  
    • Save your work. Don't just save your work on the computer, but print out a hard copy of your FAFSA form and PIN number too. 
    • Also, applying for financial aid is FREE! Don't EVER pay to apply!  Please be aware that there are similar sites that will try to charge a fee for helping you complete the FREE Application for Federal Student Aid.
    I haven't decided on a school. Should I still apply for financial aid? 
    Yes. You can apply for financial aid even if you haven't decided on a school. The FAFSA form allows you to list up to 10 schools. 
    Where can I find out other information about financial aid?   
    Pennsylvania Higher Education Assistance Agency    www.pheaa.org/
    American Education Service    www.aessuccess.org/
    U.S. Department of Education   www.studentaid.ed.gov
    SallieMae  www.salliemae.com/
    Pennsylvania's 529 College Savings Program   www.pa529.com