Financial Aid and Scholarships

How can you pay for college or university? There are hundreds of Web sites that provide information. Remember to speak with your guidance counselor and contact the college or university to learn about addiitional resources.

Federal Financial Aid Resources
Students are eligible for a variety of federal financial aid resources. Link to each Web site to find out additional information.

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.

Federal Pell Grant
A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded only to undergraduate students who have not earned a bachelor's or professional degree. (A professional degree would include a degree in a field such as pharmacy or dentistry.) For many students, Pell Grants provide a foundation of financial aid to which other aid may be added.

Federal Supplemental Educational Opportunity Grant
A Federal Supplemental Educational Opportunity Grant (FSEOG) is for undergraduates with exceptional financial need--that is, students with the lowest Expected Family Contributions (EFCs)--and gives priority to students who receive Federal Pell Grants. An FSEOG doesn't have to be paid back.

Federal Perkins Loan
Federal Perkins Loans are low-interest loan (currently 5% -- the lowest of any educational loan program) for undergraduate and graduate students with exceptional financial need. These loans also offer generous repayment conditions. You don't start repaying the loan, or interest on the loan, until you finish school or drop below half-time status. And, you are given a 9-month grace period before you have to start your repayments. Under certain conditions, you can stop repaying your loan for a short period of time and finish repaying it later.

Federal Stafford Loan
Formerly called the Guaranteed Student Loan Program, Stafford loans are low-interest loans available to undergraduate and graduate students enrolled at least half-time, without regard to financial need. Federal Stafford Loans let students borrow money for educational expenses directly from commercial lenders such as banks, credit unions, savings and loan associations, and other lending institutions, or, for colleges participating in the Federal Direct Student Loan (FDSL) Program, from the U.S. government. Stafford loans can be either subsidized or unsubsidized.

The Student Guide: Financial Aid from the U.S. Department of Education
The Student Guide is the most comprehensive resource on student financial aid from the U.S. Department of Education. It covers the Department's major aid programs, including Pell Grants, Stafford Loans, and PLUS Loans. You can apply for these programs online using FAFSA on the Web at Approximately 70% of all student aid comes from the programs discussed in the Guide. If you have any questions about the Guide, or wish to obtain additional information on student financial assistance, you may contact your high school guidance counselor, the financial aid officer at the postsecondary school you plan to attend, or call the Department's toll free student information hotline at 1-800-4-FED-AID (1-800-433-3243).

State Financial Aid Resources
Each state has its own programs to assist students to get into college.

College Savings Plans Network
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.

Additional Financial Aid Resources

College 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 Office
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.


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.


Actuarial Scholarships for Minority Students

AFL-CIO: Union Sponsored Scholarships and Aid

American Indian College Fund
With the support of corporations, foundations and 100,000 individual Americans, the College Fund has become the nation's largest provider of privately-funded Indian scholarships. While this success has helped thousands of students fulfill their dreams, there is still much more work to do to address unmet scholarship and facilities needs.

Ayn Rand Essay Scholarships

Bell Labs Fellowships for Underrepresented Minorities

BOEING scholarships (some HBCU connects)

Burger King Scholarship Program

Citizens' Scholarship Foundation of America
Citizens' Scholarship Foundation of America is the nation's largest nonprofit, private-sector, scholarship and educational support organization. Go to Dollars for Scholars section.

College Board Scholarship Search

Easley National Scholarship Program
A scholarship search engine that prompts users to enter information about themselves, including area of study, and responds with an appropriate list of available scholarships. (Free registration is required in order to use the database.)

Federal Aviation Administration (FAA)
Aviation education scholarships and grants

Finaid: The Financial Aid Information Page
Links to funding sources such as scholarships, fellowships, and grants, some of which are focused toward those with particular needs or interests such as disabled, minorities, and international students.

Be sure you view Finaid's information on how to identify potential scholarship scams at

The Foundation Center
This site describes an extensive list of books on where to find scholarships.
College scholarship, fellowship and financial aid information

The Gates Millennium Scholars Program
This scholarship is provided by the Bill and Melinda Gates Foundation. It supports minorities who want to pursue a career in the science and engineering. You can download an application from the Web site.

GE and LuLac Scholarship Funds

Guaranteed Scholarships

Hispanic Scholarship Fund
The Hispanic Scholarship Fund (HSF) is the largest Hispanic scholarship-granting organization in the nation. HSF recognizes and rewards outstanding Hispanic students in higher education throughout the United States and Puerto Rico. These students represent every region of the country, hundreds of institutions of higher learning and every segment of the Hispanic community. Founded in 1975, HSF has awarded more than 52,000 scholarships totaling more than $80 million.

Historically Black College & University Scholarships

Holocaust Remembrance Scholarships

Horatio Alger Association for Distinguished Americans
This is a scholarship site that includes helpful tips about applying to college. In addition to scholarships based on academics, this organization also offers a scholarship for students who have overcome a life hardship.

International Students Scholarships & Aid Help

Jacki Tuckfield Memorial Graduate Business Scholarship
(for AA students in South Florida)

Maryland Artists Scholarships

Microsoft Scholarship Program

National Association for the Advancement of Colored People
The Youth and College Division offers workshops for college bound students focusing on financial aid, curriculum selection and scholarship applications.

Presidential Freedom Scholarships

ROTC Military Scholarships (Navy, Army, Marines, Airforce)

Saul T. Wilson Scholarships (Veterinary)

ScienceWise: The Workplace for Science and Engineering
Students can search for scholarships using the minority on-line information service.
College scholarship and financial aid search

Siemens Westinghouse Competition

Sports Scholarships and Internships

SRN Express
College scholarship and financial aid search

Student Inventors Scholarships
College scholarship and financial aid search

Thurgood Marshall Scholarship Fund

United Negro College Fund
The United Negro College Fund's mission is to enhance the quality of education by providing financial assistance to deserving students.

WiredScholar Free Scholarship Search

Xerox Scholarships for Students


Recommended Books for Financial Aid/Scholarship Resources

  • Edelson, Phyllis, ed. FOUNDATION GRANTS TO INDIVIDUALS. New York, NY: The Foundation Center, biennial.
    Profiles over 5,500 foundation programs that make grants to individuals for education, arts and culture, general welfare, and more.

  • Beckham, Barry, ed. THE BLACK STUDENT'S GUIDE TO SCHOLARSHIPS. 5th ed. Lanham, MD: Madison Books, 1999.
    Lists more than 700 private sources of funding, including programs affiliated with colleges and universities, fraternities and sororities, churches, and foundations. Indexed by state and discipline.

  • FEDERAL BENEFITS FOR VETERANS AND DEPENDENTS. Washington, D.C.: United States Department of Veterans Affairs, 2002.

  • Schaffert, Tim, ed. PATHWAYS TO CAREER SUCCESS FOR MINORITIES: A Resource Guide to Colleges, Financial Aid, and Work. Chicago, IL: J.G. Ferguson Publishing Company, 2000.

  • Schlachter, Gail Ann and R. David Weber. FINANCIAL AID FOR AFRICAN AMERICANS, 2001-2003. El Dorado Hills, CA: Reference Service Press, 2001.

  • Schlachter, Gail Ann and R. David Weber. FINANCIAL AID FOR ASIAN AMERICANS, 2001-2003. El Dorado Hills, CA: Reference Service Press, 2001.

  • Schlachter, Gail Ann and R. David Weber. FINANCIAL AID FOR THE DISABLED AND THEIR FAMILIES, 2002-2004. El Dorado Hills, CA: Reference Service Press, 2002.
    Lists hundreds of scholarships, loans, grants-in-aid, and awards from federal, state, and private sources, arranged by disability type, with subject, geographic, sponsor, and filing date indexes.

  • Schlachter, Gail Ann and R. David Weber. FINANCIAL AID FOR HISPANIC AMERICANS, 2001-2003. El Dorado Hills, CA: Reference Service Press, 2001.

  • Schlachter, Gail Ann and R. David Weber. FINANCIAL AID FOR NATIVE AMERICANS, 2001-2003. El Dorado Hills, CA: Reference Service Press, 2001.

  • Schlachter, Gail Ann, and R. David Weber. FINANCIAL AID FOR VETERANS, MILITARY PERSONNEL AND THEIR DEPENDENTS, 2002-2004. El Dorado Hills, CA: Reference Service Press, 2002.
    Lists more than 1,000 scholarships, grants-in-aid, loans and other benefit programs for Americans affiliated with the military, from federal, state, and private sources. Indexed by subject, sponsor, geographic area, and filing deadline.

  • THE 2003 HISPANIC SCHOLARSHIP DIRECTORY. 5th ed. Carlsbad, CA: WPR Publishing, 2002.



courtesy of Rochester Institute of Technology
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