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All financial aid is important and it is also tremendously important to understand the different types of financial aid.  When comparing financial aid packages from different colleges it is important that you make the decision that balances your financial situation with your education goals. Choose the school that will enrich you with there programs and also will enjoy the student culture. I hope this information that I have provided has helped you or at least give you an idea about what financial aid is.

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It is a collection of different types of financial aid from multiple sources. It is intended to help you fill the gap between your ability to pay, your expected family contribution , and college costs, or the cost of attendance .

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http://www.collegequest.com/different-types-of-financial-aid-for-college.aspx
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8&safe=active&ssui=on#q=need%20based%20scholarship&safe=active&ssui=on
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8&safe=active&ssui=on#q=what%20is%20fafsa&safe=active&ssui=on
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8&safe=active&ssui=on#q=when%20do%20i%20apply%20for%20fafsa%20for%20fall%202017&safe=active&ssui=on

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For the year 2016-2017, you can apply between January 1, 2016 through June 30, 2017.

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You can fill out the FAFSA .
FAFSA is a form that can be prepared annually by current and prospective college students in the United States to determine their eligibility for student financial aid.

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How your Eligibility of need-based aid is determined!

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How your Eligibility of need-based aid is determined!

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1. calculate your financial need.
2. Cost of Attendance
3. Expected family contribution
4. Financial need

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1. Merit-based Scholarship is based on individual achievement.
2. Need-based Scholarship is awarded on the basis of the financial need of the student.
3. Gift Aid is financial aid that does not require repayment , such as student grants and scholarships
4. Self-help aid is an aid that students earn through work or is required to pay back.

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1. Grants is a financial aid that does not have to be repaid. It is offered by federal and state government.
2. Scholarships does not need to be paid back. This financial aid is offered by individual institution and private organization.
3. loans is a financial aid that has to be paid back. It is offered by the Federal government and private Institution.
4. Work-study is a work program where you can earn money to help pay for school.

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Financial Aid helps students and their families pay for college.