Skip to footer





Financial AidFinancial Aid<div class="ExternalClass313505A8033B4736BF5DFD0CF1EE4447">There are many different types of Financial Aid and it can come from many different sources, which is why we are trying to make it easier to understand! We offer individualized assistance, FAFSA small groups and group workshop sessions to help find funding and apply for financial aid. Visit our <a href="/collegedepot/workshops-events"><strong>Workshops ​& Events</strong></a> page to see any available sessions of FAFSA small groups and to sign up! Otherwise, FAFSA assistance is available during walk-in sessions, and appointments may be made specifically for completing the FAFSA. Make sure to check out the different links on this page and also our <a href="/collegedepot/resources"><span style="color:#0072c6;"><strong>Resources</strong></span> </a> page to learn even more about the difference between loans and grants, or to answer some questions about the FAFSA and what that even means!​<br></div>















Create FSA IDCreate FSA ID<iframe width="560" height="315" src="" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe><div class="ExternalClass59DB3D8E84CF4D18A731BE3D0F51434B">​<span dir="auto">This video will walk you through the process of creating your own FSA ID. An FSA ID is simply a username and password combination, which can be used to securely log in to U.S. Department of Education websites like </span><span dir="auto">. If you plan to fill out the FAFSA when it becomes available in October, you (and your parent if you're a dependent student) should create an FSA ID ASAP.</span><br></div>4
FAFSA OverviewFAFSA Overview<iframe width="560" height="315" src="" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe><div class="ExternalClassB8484C68553542759B7D8F7D9A1E9799">​Check out this video to learn how the Free Application for Federal Student Aid (FAFSA) gives you access to grants, loans and work-study jobs that can help fund your education.<br></div>5
FAFSA and FSA ID Tips for ParentsFAFSA and FSA ID Tips for Parents<iframe width="560" height="315" src="" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe><div class="ExternalClassC7FE2C99A02F48698875A204ECF07D2F">​This video helps parents navigate the FAFSA process: from logging in, to filling out, and to signing your child’s FAFSA using your FSA ID.<br></div>6
How to Fill Out the FAFSAHow to Fill Out the FAFSA<iframe width="560" height="315" src="" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe><div class="ExternalClass3B5A2822EC8447F3A6257FF7468AA438">​The Free Application for Federal Student Aid (FAFSA) allows students to apply for more than $150 billion in grants, loans, and work-study funds. Check out this video for info about the FAFSA and the resources available to help fill out this important application.<br></div>7
Just Sharing URLJust Sharing URL<div class="ExternalClass35FAAC4561414DCCB8F24CD8C31DF2C0"><p>​<br><br></p></div>9
Types of Federal Student AidTypes of Federal Student Aid<iframe width="560" height="315" src="" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe><div class="ExternalClassF85859D1617E4514ACB8FC552C9AC3A9">If you need help paying for college or career school, the office of Federal Student Aid can assist you with getting the money you need. Check out this video to learn about grants, loans, and work-study jobs and how they can help fund your education.<br></div>8



FSA IDFSA ID<div class="ExternalClass84A2456A1A5F4E4C96F91290E0A10989">​Creating a FSA ID is your first step in the process toward receiving student aid through the Free Application for Federal Student Aid (FAFSA). A FSA ID is a username and password that you must use to log in to certain U.S. Department of Education (ED) websites. Your FSA ID identifies you as someone who has the right to access your own personal information on ED websites such as the Free Application for Federal Student Aid (FAFSA). If you are a dependent student, you and your parent will both need to create a FSA ID. You will need an email address, your social security number and some other basic information. This can take 1-3 days to process, which can block you out of your FAFSA until the processing is complete so plan accordingly. If a parent has more than one child submitting a FAFSA application, they can use the same FSA ID to electronically sign all applications. If a student does not have a​​ FSA ID by the time they fill out the FAFSA, they will be prompted to apply for one. This process can be daunting, so let us help! Schedule an appointment today!<br></div> Window
The FAFSAThe FAFSA<div class="ExternalClassE054CD856B2E46978036F08027E9900A">The first step in applying for financial aid is to complete the Free Application for Federal Student Aid (FAFSA). It is important to complete the FAFSA early in order to receive maximum consideration for free money. The FAFSA becomes available on October 1st of each year and will require student and/or parent tax information from the previous year. For more information, check out this comprehensive guide to Filling out the FAFSA linked below, and then contact us for a workshop or FAFSA small group, where we will walk you through completing the FAFSA.<br></div> Window
Estimated Family Contribution (EFC)Estimated Family Contribution (EFC)<div class="ExternalClass66325001068F437BB9B9F79940BFE847">​Students and families are expected to contribute to the cost of college to the extent of what they are able. The FAFSA uses a complex formula to estimate what a student and family can contribute to the overall cost of college. The Estimated Family Contribution or EFC is a number that the government and most schools use when assessing how much aid a student is eligible to receive. Your can view your EFC as soon as your FAFSA is submitted. Even if you are unsure whether or not you will qualify for any government aid, it is a good idea to complete the FAFSA so that you and your school can view your EFC.​​​​<br></div> Window





Direct Subsidized Stafford Loan and the Direct Unsubsidized Stafford Loan Subsidized Stafford Loan and the Direct Unsubsidized Stafford LoanLoansNew Window0x0100B7E011FE46583C4E8C35CBD368DCEE8D0079739691E7ACA5418776612748C8B5B7
Grants of Financial AidNew Window0x0100B7E011FE46583C4E8C35CBD368DCEE8D0079739691E7ACA5418776612748C8B5B7<div class="ExternalClass8D3949E31A7E462ABCBCC11A43B88B9F">Grants are <span lang="EN">free money</span> awarded to q​ualified students. The <span lang="EN">Pell G​rant</span> is the most common grant awarded by the FAFSA and is based on your EFC. The Pell, any state grants that may be offered, or even school grants, can be renewed every year by completing your FAFSA before your state's priority deadline. Come in to the College Depot, we can help!<br></div>
The Pell Grant Pell GrantGrantsNew Window0x0100B7E011FE46583C4E8C35CBD368DCEE8D0079739691E7ACA5418776612748C8B5B7
Loans of Financial AidNew Window0x0100B7E011FE46583C4E8C35CBD368DCEE8D0079739691E7ACA5418776612748C8B5B7<div class="ExternalClass1199C2B93D1A478A88B4508C837AA16A">​Loans are funds provided to students (or parents in the case of the Parent PLUS Loan) and must be repaid. Some student loan programs require financial need while others do not. There are two types of loans that students will be eligible for immediately upon completion of the FAFSA, which are: the <span lang="EN">Direct Subsidized Sta​fford Loan and the Direct Unsubsidized Stafford Loan. </span>Be sure to read up on the differences between these two loans, and speak with your Financial Aid counselor to sign up or find out information on other private or institutional loan options.<br></div>
Types of Financial Aid of Financial AidLoansNew Window0x0100B7E011FE46583C4E8C35CBD368DCEE8D0079739691E7ACA5418776612748C8B5B7<div class="ExternalClass1199C2B93D1A478A88B4508C837AA16A"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3"><span style="color:#212529;">Get answers to questions about different types of financial aid including grants, scholarships, work-study, and loans, and browse common questions about types of aid.</span>​<br><br><br>​</span></div>
Work Study StudyTypes of Financial AidNew Window0x0100B7E011FE46583C4E8C35CBD368DCEE8D0079739691E7ACA5418776612748C8B5B7<div class="ExternalClassE67750B7677D4C8DAE74635EDA8A919B">​Unlike grants or loans, the Federal Work Study program is awarded throughout the semester, through student employment. Students can work on campus and earn funds which can be put toward a student's educational expenses, while the student gains beneficial work experience. If interested, be sure to designate so while completing the FAFSA.<br></div>
Scholarships of Financial AidNew Window0x0100B7E011FE46583C4E8C35CBD368DCEE8D0079739691E7ACA5418776612748C8B5B7<div class="ExternalClassF0A99213FA9E478289BC1C6ABAF763E3">​Scholarships are different from the rest because they can be obtained from many different places and can be need-based or merit-based. Most scholarships require a separate application as well as other materials (e.g. essays, letters of recommendation, etc.) a​nd can be  one time only or renewable each year. Make sure to call or visit College Depot with any Scholarship questions and make sure to check out our <span lang="EN"><a href="/collegedepot/scholarships" target="_blank">Scholarships​</a> page </span>for a rotating list of upcoming opportunities<br>​<br>​<br></div>
College Depot Scholarship Page Depot Scholarship PageScholarshipsSame Window0x0100B7E011FE46583C4E8C35CBD368DCEE8D0079739691E7ACA5418776612748C8B5B7