Financial aid can be a big help in paying for college. In the 2012-2013 academic year, over $238.5 Billion of financial aid was awarded to students in the United States. There are many different sources and types of financial aid, and the way each college awards financial aid is different. Read through the following sections to get the information your family needs to help make the right college decision.
Learn about the different types of financial aid, the differences between need- and merit-based aid and see a list of MEFA’s suggested questions to ask each college’s financial aid office.
Go to Financial Aid Overview
Understand financial aid eligibility requirements.
See Eligibility Requirements
Find critical information on the FAFSA and CSS/Financial Aid PROFILE®, as well as tips for successfully filling out these applications.
Learn About Financial Aid Applications
Learn about Expected Family Contribution (EFC), Cost of Attendance (COA) and how financial aid packages are determined and awarded.
See What Happens After You Apply
Learn more about the college bill and find steps and tips to help you navigate the payment process.
Learn About Making a Plan to Pay
Find smart tips on how to approach borrowing and learn the important basics of financing.
Become a Wise Borrower
Learn about resources to help families, including information on FAFSA Day, scholarship searches, calculators and links to other important sites like YourPlanForTheFuture.org, the Commonwealth’s free education and career portal.
See the Free Resources