Aid Information and Resources
How can you afford college? Many students are eligible
for financial aid or money that is supplied by a source
other than family to pay for post secondary education.
Aid can come from the federal or state government, from
a post-secondary institution or can be from a private
source. Financial aid can come in the form of scholarships
or grants, loans, or work study. Aid can be merit or
The following sites provide you with additional information
about financial aid and helpful resources.
Financial Aid and Additional Resources
Financial Aid Calendar
There's no need to be intimidated by the prospect of
applying for financial aid. Millions of families apply
for aid successfully each year. Use this calendar to
stay a step ahead of deadlines -- when you're applying
for aid, time is money.
College Goal Sunday
College Goal Sunday is a volunteer program that helps
students and families who need assistance in completing
the financial aid forms, with a particular focus on
helping low-income, first-generation families.
Board: Paying for College
The College Board's site can help you figure out what
college really costs, and what you can afford.
This is one of the most comprehensive sites for demystifying
the financial aid process. It has a great section of
frequently asked questions and answers.
Hobson's Publishing Company: Financial Aid
CollegeView's Financial Aid Office offers extensive
information and tools designed to help you determine
and understand the costs associated with higher education.
U.S. News and World Report
U.S. News and World Report provides extensive information
about financial aid.
Your Future: A Practical Guide to Financing Your
If you're considering continuing your education after
high school, you have a lot to think about such things
as choosing a job or career, selecting the right school
at which to pursue your education or training, and finding
a way to pay for your education. These are major decisions
you and your family must make as you plan for your future.
Student Aid on the Web
Find out what you need to do to prepare for education
beyond high school. Education beyond high school can give
you choices that may not otherwise be possible, open doors
to better paying positions and give you the opportunity
to do the things you enjoy most. By advancing your education,
you can expand your possibilities and increase your career
Understanding Financial Aid
Financial Aid is money supplied by a source other than
the family to help pay for education costs after high
school. Ventures Scholars can receive aid through a variety
of sources such as scholarships, grants, loans, and work-study
at the college/university. Also, aid is provided through
the Federal Government, State, the college/university,
as well as private resources. Categories of financial
aid include merit-based (academic achievements), need-based
(socio-economic status), and non need-based (athletics,
etc.). These sites provide an understanding of financial
Getting Ready to Pay for College: What Students
and Their Parents Know About the Cost of College Tuition
and What They Are Doing to Find Out
NEW NCES REPORT: "Getting Ready to Pay for College:
What Students and Their Parents Know About the Cost of
College Tuition and What They Are Doing to Find Out"
uses data from the Parent and Youth Surveys of the 1999
National Household Education Surveys Program (NHES: 1999)
to investigate how much college bound 6th- through 12th-grade
students know about the cost of attending college, and
the relationships between their knowledge of college costs
and how they go about preparing for college.
Cash for College from National Association of
Student Financial Aid Administrators (NASFAA)
Getting the education you want is possible. College isn’t
easy, but education after high school is within your reach.
Succeeding is up to you. This site answers many questions
you might have pertaining to financial aid.
Student's Rights and Responsibilities
Students applying to college have the right to certain
information about colleges and universities, and about
how much it costs to go to college. The U.S. government
requires that colleges and universities provide prospective
students with the following information.
Glossary of Financial Aid Words
Confused about some of the financial aid words? Here is
Focus on Financial Aid: An Introduction
The unsettling news is that a year at most colleges, especially
if living costs are included, starts at about $8,000 and
can exceed $40,000. The good news is that if you need
financial aid to help meet college costs, you are likely
to receive it. So, this advice is worth remembering: cost
should never be a deterrent in choosing the colleges to
which you will apply.
Cash for College
Great comprehensive guide to helping you understand the
financial aid process.
Financial Aid: You Can Afford It
College is one of the biggest investments you and your
family will ever make. This web site provides you with
concrete information and advice about finding and applying
for financial aid.
Step by Step to Complete the
This information has been provided by the State University
of New York. (www.suny.edu) and can be used as a guide.
· Begin to search for scholarships. To start,
check with colleges of interest, your parents’
places of employment, local libraries, high schools,
and the web.
· Obtain your federal Personal Identification
Number (PIN). You and your parent must each request
a PIN at www.pin.ed.gov You will need it to complete
· Start a financial aid folder. In this folder,
you will keep all financial aid documents organized.
Information you should collect for your financial aid
--Your social security number
--Your parents’ social security numbers and dates
--Your parents’ marital status
--Tax returns for your and your parents
--WSs for you and your parents
--Records of untaxed income for you and your parents
(such as social security benefits, public assistance,
--Bank, stock, real estate, and business records for
you and your parents
--Your driver’s license number
--Your alien registration number (for non U.S. citizens)
--PINS for you and one parent
· File the Free Application for Federal Student
Aid (FAFSA). The fastest way to file is online at www.fafsa.ed.gov
You and one parent should use your PINS to sign the
FAFSA. You may use your last pay stub or your most recent
tax return as estimates on the FAFSA, if you and your
parent have not yet filed a tax return.
· Watch your email for a notice from the U.S.
Department of Education with a link to access your Student
Aid Report (SAR).
· You may request a paper FAFSA form at the SUNY
MRC or by calling 800-4FEDAID. The paper FAFSA takes
4 to 6 weeks to process.
· Make corrections to the FAFSA using your filed
· You should call 800-4FEDAID if you have submitted
your FAFSA and have not received your SAR.
· Contact the financial aid offices at the colleges
that you included on the FAFSA to verify that they have
received your SAR information, and to make sure your
information is complete.
· Watch the mail for financial aid award letters.
· Compare financial aid packages from different
schools and choose your college.
· Notify the college of your choice.
· Apply for federal Stafford loans as needed.
State Financial Aid Resources
Each state has its own programs to assist students
to get into college.
Finding Out About Financial Aid at the State
Education Resource Organizations Directory (EROD) provides
information on the state's education programs, colleges
and universities, financial aid assistance programs,
grants, scholarships, continuing education programs,
and career opportunities. Share this site with your
State Education Departments and Boards
Take time to learn about your state's scholarship opportunities
and other higher education opportunities. You might need
to peruse the site to access the appropriate information.
College Savings Plans
Source for state-operated college savings programs.
These programs, directed by non-profit state organizations,
offer tremendous tax benefits to families.
Every state offers college savings plans. Find out about
the plans that are offered in your state.
U.S. Department of Education Free Application
for Federal Student Aid
This site provides an electronic form you must complete
in order to receive Federal Student Aid. You can submit
this form by mail or at this site using the Internet.
Before Beginning a FAFSA - Overview
Not sure how to begin completing the FAFSA form?
This site is extremely helpful.
FAFSA Online provides you with assistance
in completing the FAFSA on paper or online with our comprehensive
tutorials, frequently asked questions and answers, secrets
to maximizing your federal financial aid, and more. Here
are some great starting points:
Completing Your FAFSA Form (Free Application for
Federal Student Aid)
By law, you can't file your FAFSA before January 1; however,
you should complete the FAFSA as soon as possible after
January 1 of the year for which you are requesting financial
aid. Why? Aid is generally awarded on a first-come, first-served
basis, and a late application may cause you to miss out
on available funding.
PROFILE is a program of the College Board-a national,
nonprofit association of schools and school systems, colleges
and universities, and educational organizations. Many
colleges, universities, graduate and professional schools,
and scholarship programs use the information collected
on PROFILE to help them award nonfederal student aid funds.
The College Board does not award scholarship money or
other financial aid. The PROFILE Application is customized
for you based on the information you give when you register
for the service. By completing PROFILE, you are able to
give a complete picture of your family’s financial
circumstances, including explanations about special circumstances,
on a single application.
The PROFILE form is administered by the College Scholarship
Service (CSS), the financial aid division of the College
Board. The CSS PROFILE is required by many private colleges
and universities to determine your eligibility for non-government
financial aid, such as the institution's own grants, loans
and scholarships. The CSS PROFILE was formerly known as
Aid Award Letters
Understanding Acceptance and Financial Award
You peer into your mailbox. You hesitate, then muster
up the courage to open the letter and behold! It begins
with a hearty "Congratulations!" Take a deep
breath-you're in! But don't stop there-read on. There's
important information in that letter. You may have some
decisions to make and deadlines to meet.
Compare Your Aid Awards
This site provides an easy way for you to compare your
Understanding Award Letters
If you've applied for financial aid at a school to which
you've been accepted, you and your family will soon find
out exactly how much financial support the school is able
to provide for the upcoming year. You'll receive your
award letter with the acceptance letter, or shortly thereafter.
Some schools even have their award letters available online.
The aid offered can range from scholarships and grants
to work-study and loans. This section will help you understand
your award letter.
College Savings Calculator
Use this calculator to see how much money you'll need
for college, whether you're on track to save enough,
and what you need to do to reach your goal.
Get advice on how much money you will need, and where
to find it, interpret your acceptance and financial-aid
award letters, and learn about potential lenders, and
how to borrow responsibly.
Borrowing for College
You may be surprised to learn how much college will
cost. Factor in your living and school expenses, plus
any other debts or unforeseen costs and you may find
yourself a little short on cash. After exhausting other
types of aid, you might consider a student loan as part
of your financial plan. Prior to borrowing, consider
the responsibility that comes with taking out a student
loan, because what you borrow today will affect your
future plans tomorrow.
Can you answer these student loan questions? What federal
loan programs are offered at your school? What federal
loan programs are offered at your school? What types
of loans are you eligible for? What about your parents?
How much money can you borrow? What interest rate is
charged on your loans? How does the federal government
subsidize loan payments? When do you need to start repaying
your loan? What are your repayment options?
Life Cycle of a Loan
Taking out a loan to pay for education expenses is more
than simply signing a promissory note; it is also a financial
obligation that must be repaid once you leave school.
The process of borrowing a loan involves many steps and
many organizations, which vary depending on the type of
loan you receive.
TERI Educational Loans
At The Education Resources Institute (TERI) we are committed
to helping families plan and pay for college. Through
our college information services, we help students and
families with career decisions, select colleges, navigate
the financial aid process, and find resources. In addition,
we realize many people need help filling the financial
aid gap. To help meet this need TERI offers loans based
on good credit, with no income limitations, for elementary
and secondary, undergraduate, graduate and continuing
education studies. Founded in 1985 as a nonprofit organization,
TERI has assisted nearly one million students and over
6,000 colleges and universities worldwide.
Information for Borrowers
When you take out a student loan, you have certain responsibilities.
A deferment is a period in which repayment of the principal
balance is postponed. During a deferment, if the loan
is subsidized, the government pays the interest charged.
For Direct Unsubsidized, PLUS, Unsubsidized Consolidation,
and PLUS Consolidation Loans in deferment, you are responsible
for the interest that accrues during the deferment period.
If you have unsubsidized loans, when you re-enter repayment
at the end of the deferment period, any unpaid interest
capitalizes (is added to the principal balance).
A forbearance is an arrangement to postpone or reduce
your monthly payment amount for a limited and specific
period during which you are charged interest. If you indicate
a temporary inability, but willingness to pay the loan(s),
you may ask for or be offered a forbearance.
Loan Consolidation Forms
The Direct Loan Program offers Consolidation Loans for
eligible education loan(s). You can use these forms for
the application process.
Defaulting on School Loans
This section of FinAid provides information to students
who are thinking about defaulting on their loans. It summarizes
the consequences of default, gives advice on how to avoid
it and, if you're already in default, how to get out of
This is a comprehensive source of information about paying
for college with particular emphasis on borrowing money.
There is a scholarship search as well as numbers for counselors
and parents to call with financial aid questions.
This is a good source for information on student loans
available through Nellie Mae.
What’s So Special about Federal Loans?
If you're just starting to look into financial aid, you
may be wondering what's so special about federal loans—after
all, you have pay them back with interest, right? (Yep,
Depending on the type of loan that is offered to you in
your financial aid package, some will be private loans,
or government loans. Some can be taken out by students,
and some by parents. Parents often consider home equity
loans in order to send their children to college. A home
equity loan is tax deductible, and the interest significantly
lower, because the home is used as collateral.
Consolidating Your Student Loans
Know the benefits and disadvantages of combining multiple
loans into one.
If you borrow a number of student loans while you're
in school, you might have trouble keeping up with all
the payments when it comes time. Consolidating your
loans might help.
Take Control of College Debt
Two-thirds of students borrow to pay for college. One
in 10 have loans of $35,000 or more. Do you have to go
broke to get a B.A.? Not with these moves you don't.
When Jessica Barba was deciding where to go to college,
she didn't factor how much she'd have to borrow into the
She knew that her parents could afford to contribute only
a few thousand dollars and that she'd have to make up
the rest. But all the Virginia native could think about
was how much she wanted to live in New York City.
Student Debt Burden
College student enrollment across the United States has
steadily increased over the past decade, with more than
17 million citizens participating in higher education
today. The good news is that thousands of newly trained
workers are moving our social and economic enterprises
forward each year. The bad news is that tens of thousands
more students are accumulating record levels of debt.
As state and federal support for higher education continues
to tighten, students are increasingly picking up the slack.
This trend is not slowing down; in fact, student debt
has risen significantly over the past decade.
Students Suffocate Under Tens of Thousands in
Tom Dillon, 19, a pre-pharmacy major at the University
of Connecticut, is carrying $52,000 in student loans.
And he's just getting started. When he gets his pharmacy
doctorate in four years, he expects his debt to exceed
$150,000. Dillon's been drawn to pharmacy since age 5,
when he found out he had epilepsy.
How to Avoid the Student Loan Trap
One of the most common laments I hear from 20-somethings
(and often 30-somethings) is that they wish they had not
borrowed so much money for college, had managed their
student loans better, and in general had managed their
money better while in college. Then they wouldn't be struggling
so much after college to make ends meet and pay their
student loan obligations. Some of these young adults are
worse off financially than they were in college.
A free tool for students seeking to combine athletics
with academics at a Division III college.
National Collegiate Athletic Association
Welcome to the NCAA Clearinghouse website. This site will
provide you with information about initial-eligibility
at NCAA Division I and II member colleges and universities.
Financial Aid and Scholarships for Undocumented
This page contains information about financial aid and
scholarships for undocumented students and illegal aliens.
(The terms "undocumented student", "illegal alien",
and "illegal immigrant" are used interchangeably and
intentionally in this page to enable this page to be
found by students who are trying to find information
about scholarships for undocumented students.)
U.S. Citizenship and Immigration
On March 1, 2003, service and benefit functions of the
U.S. Immigration and Naturalization Service (INS) transitioned
into the Department of Homeland Security (DHS) as the
U.S. Citizenship and Immigration Services (USCIS).
If you are undocumented, you can still go to college.
Financial Aid and Scholarship Information for
Financial aid is generally not provided to undocumented
students or illegal aliens. Federal and state financial
aid programs require the recipient to have U.S. citizenship
or permanent residency (i.e., have a green card).
Resources for Undocumented Students
Though this article focuses on California's undocumented
students, it provides a wealth of information for all.
The Immigration Portal
Link to helpful information.
and the College Student
This site has been developed just for Ventures
Monthly Budget Worksheet for College
Think about your monthly budget in college. You can download
Semester Budget Worksheet for College
Think about your semester budget in college. You can download
School Year Budget Worksheet for
Think about your yearly budget in college. You can download
Leave College Without Credit Card
You're in college, so it's too early to be thinking of
having a personal financial plan. That's for after you
graduate and you're making the big bucks, right?
Becoming Credit Wise
A comprehensive booklet about borrowing wisely.
Good articles about credit vs. debt.
Self-Control Key to Managing Credit
Card Debt in College
College offers a unique opportunity to experiment. Away
from your parents' watchful eyes, you can shave your head,
join a rock-climbing expedition or get a tattoo. But if
you use credit cards to finance your adventures, you could
end up with debts that will linger longer than the Harley-Davidson
logo adorning your backside.
Managing Credit as a College Student
If your mailbox is not already full of credit card offers,
it soon will be! Credit card issuers often solicit college
students - they want to get their credit cards in your
hands because you are likely to keep your first credit
card for a very long time. Because of the many opportunities
you will be presented with to establish credit, it is
important that you understand and manage your credit wisely.
Decisions you make today about credit can affect you for
years to come.
The Credit Crunch
Managing your credit while in college is as difficult
as managing it after college. If you think you'll accumulate
consumer debt and will, or already have student loans,
consider their overall effects. Make careful decisions
based on long-term goals as these debts are reflected
on your credit report and can have a long-standing impact
on your future goals.
AID LINKS FOR GRADUATE/PROFESSIONAL SCHOOL
Financial Aid and Loans for Graduate
Let's begin with some general advice: Graduate
Student Financial Aid and Scholarships are limited.
Graduate Loans : Federal and Alternative Graduate
Your graduate financial aid award package will
tell you what types of education loan programs you
are eligible to accept. Generally, your financial aid
package will be composed of four types of aid.
How Much Does Medical School Cost and Can I Afford
Annual tuition and fees at state medical schools in 1999
averaged $11,375 for state residents and $25,195 for non-residents.
At private schools, tuition and fees averaged $26,991
for residents and $28,733 for nonresidents. These figures
do not include housing or living expenses. But don't let
these costs discourage you. A wide array of grants and
loans are available to those who are determined to get
a medical education. About 81 percent of medical students
borrow money to cover their expenses. Many receive substantial
financial assistance through programs that provide loans
guaranteed by the federal government.
Phase I - The Premedical Years
The first phase of (MD) 2 will help you identify your
advisors, funding sources and develop your personal
strategy for financing your medical education.
Make the Financial Aid Connection
Connecting with the right financial aid providers is vital
to financing your educational goals. While your ultimate
goal may be to earn your degree, an often-overlooked goal
is to avoid compromising your post-degree options by over-leveraging
your future. In other words, graduating with more debt
than you can handle does not make for a smart start in
your post-grad school career.
Financing Graduate School
So you want to go to graduate school, but think you can't
afford it? Got too many loans already? Parents fed up
with supporting you and wondering why you don't go out
and get a job? Are you a good student? Read on; in the
best of all worlds, you not only can get into graduate
school, but also get paid while there.
Paying for School: An Introduction
to Financial Aid
If you're thinking about going to graduate school but
are worried about how you're going to pay for it, or you're
confused by all the funding options that are available,
rest assured. We can help. With a little explanation in
plain English, we can tell you not only what these options
mean, but what they mean to you.
Student Loan Consolidation - Why
All the Fuss?
By now, you've heard the shouts of lenders, all tempting
you to consolidate your federal student loans. But just
what is consolidation? And how do you know if it's the
right choice for you?
Determine How Much You Should Borrow
You've faced reality and realized you'll have to borrow
student loans to help finance your education. Before you
sign any promissory notes, the first step you should take
is to determine how much you should borrow. How much you
should borrow depends on the following factors: cost of
attendance as established by your school; loan limits
established by the federal government and other lenders;
your existing financial commitments, such as car loans
or mortgages; other resources you may have, such as savings
accounts; and the amount of debt you can afford to repay
once you graduate.
Grants in Graduate Studies (GIGS)
GIGS is a database of grants for graduate and post-graduate
students, provided by U.S. government, international,
corporate and private funding agencies, in addition to
grants from departments within New York University.
Cornell University Graduate School Fellowship
The Cornell University Graduate School Fellowship Database
primarily lists fellowships from non-Cornell sources.
Anyone interested in consulting the database is welcome
to do so. Please browse the topics below or type in
your own keyword search ("Einstein," "Kenya," "molecular
biology," "January," etc.). Further inquiries regarding
fellowships listed in the database should be directed
to the sponsoring organization, rather than the Cornell
Graduate Fellowships office. The Fellowships office
limits its responses to requests for information from
prospective applicants to Cornell and from current Cornell
Financing a Graduate Education
How to pay for graduate school is the major question for
most people. There are three basic ways to finance your
graduate education, depending upon the kind of program
in which you are interested: fellowships and traineeships,
teaching and research assistantships, and loans. Even
those who are able to finance their graduate education
"out of their own pockets" should understand
the other options, as, in the case of traineeships and
teaching assistantships, they often involve the acquisition
of skills and knowledge critical to a successful graduate
Stipends for Study in Mathematics
A list of stipend opportunities for graduate study in
mathematics compiled by the AMS.
To meet the growing need for improved math and science
instruction, on Feb. 8, 2006 President Bush signed into
law two new student grant programs -- the Academic Competitiveness
Grants and National Science and Mathematics Access to
Retain Talent (SMART) Grants. Today, the U.S. Department
of Education announced guidelines to make these grants
available to college students in the 2006-07 academic
here to learn about the AC/SMART grant information.