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Financial Aid 101
Each year, many students undergo the process of applying for and receiving financial aid for their education. Since February is Financial Aid Awareness Month, and if you’re a student in this boat, we’re here to provide you with the information you need to get a jump start on the process.
The process can be difficult for many, due to the dizzying array of terminology, the wide availability of options, and the various steps involved.
As a student, you may be eligible for multiple types of financial aid. Often, financial aid packages include a combination of scholarships, grants, and loans. Knowing exactly what to pursue and what you might be qualified to receive can certainly be overwhelming and you may not know where to start.
At Lafayette Federal, we want to give you the knowledge and confidence you need to tackle this process with ease. In this guide, we will cover the most important concepts you need to know to be successful.
Common Financial Aid Terms
In general, there are two categories of financial aid. The first category includes money that is given to you with no expectation of repayment, commonly referred to as “gift aid.” The second category of financial aid is “self-help.” This is aid that has a caveat of some kind – either you pay it back or you work it off.
What You Will Learn
• How to Train Staff to Empower People to Lead Financially Healthy Lives
• How To Activate on Your 2023 SMART Goals
Who Should Attend
• All employees of
• Financial Wellness Champions