empowering California's foster youth to make fully-informed decisions about their college options


Department of Education videos:

Watch this helpful video to learn what you should know before taking out a student loan!

Financial Aid FAQ

I am not a high school graduate.  Can I still get financial aid?

Students without high school diplomas who are 18 years old can qualify for financial aid if they have a GED or another high school proficiency certificate, such as the California High School Proficiency Exam (CHSPE).  For more information go to http://www.icanaffordcollege.com/en-us/financialaidinfo/eligibility.aspx

How do I know how much financial aid I will get?

You can use https://fafsa.ed.gov/ to get an estimate of how much aid you might receive from the U.S. Department of Education.

How do I know what my payments will be?

You can estimate your payments by using a student loan calculator like:
http://www.nytimes.com/interactive/2014/your-money/student-loan-repayment-calculator.html?_r=0

GRANTS & SCHOLARSHIPS

Financial aid that doesn’t have to be repaid (unless, for example, you withdraw from school and owe a refund).

USE FINANCIAL AID WISELY!

WORK-STUDY

This is a federal program through which you work to earn money to help you pay for school.

LOANS

Borrowed money for college or career school.  This money must be repaid, usually with interest.

There are different kinds of financial aid: 

What Should You Know Before Taking Out a Student Loan?