Different types of college financial aid

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Different types of college financial aid

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When we are talking about ways to pay for college and we are talking about gift aid, grant money, this is money that you don´t have to pay back. We aren´t talking about loans. There are two categories of gift aid. There is merit aid and there is need based aid. Merit aid is awarded for either academic prowess, artistic or athletic. Those are three types of categories that students can get merit money that they don´t have to return. Need based aid is based upon the student or family´s income. There are two types of forms that students have to submit. One is called the FAFSA, Federal Application for Free Student Aid, and there is the CSS profile, which the private colleges require. And those two documents along with your student´s family´s income tax return determines whether the family will qualify for need based aid. That´s aid that´s based upon the family´s income and assets.
TEEN, Education, Applying to College

View Susan Eiges Hansen's video on Different types of college financial aid...

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Susan Eiges Hansen

College Consultant

Susan Eiges Hansen, president of Hansen College Strategies, is an Independent College Counselor based in Santa Monica, California. Since 2007, Sue has been committed to helping students both in California and throughout the United States navigate the college admissions process and develop optimal strategies for college placement. Sue began her practice working with student-athletes and experienced so many successful placements that she frequently received requests to work with all types of students. She has since expanded her practice and welcomes all students who are seeking knowledgeable and comprehensive college planning. Sue received her Bachelors degree from the University of Florida and Masters from California State University Northridge. She has her certificate in Independent Educational Consulting from the University of California at Irvine and stays up to date with trends in higher education by attending several college counseling conferences per year. Sue is a member of WACAC (Western Association for College Admission Counseling) and an Associate member of IECA (Independent Educational Consultants Association). She is a frequent contributor to various higher education and college admissions websites as an author, panelist, and blogger and regularly presents seminars and talks for students and families about preparing for college. Prior to launching her college counseling career, Sue worked for twenty years at three major hospitals in the Los Angeles area as a program director, medical educator, and research librarian. Sue is the parent of two recent college graduates. Her older daughter graduated from the University of Virginia and her younger daughter from Stanford.

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