Financial Aid 101
Very few families can afford to pay for college without help. That’s why there’s FINANCIAL AID—money provided to students to help their families pay for their college education. Think of it like a treasure hunt, with a college degree as the reward!
Make your college dream a reality! Use the information below to learn more about financial aid, saving for college, and scholarships.
Scholarship: Money given to a student for good grades, sports, or having a special talent. YOU DON’T HAVE TO PAY THIS MONEY BACK.
Loan: Money that a student or parent borrows for college. The student MUST PAY THIS MONEY BACK. Repayment can start from 6-8 months after graduation or after a student falls below half time status, so check your loan details.
Grant: Money given by the government for students who demonstrate financial need. YOU DON’T HAVE TO PAY THIS MONEY BACK.
Financial Aid Office: Every college or university has a financial aid office that can help you answer questions on getting money for college!
Learn the Language Dictionary
- Free Application for Federal Student Aid (FAFSA)
- Texas Application for Federal Student Aid (TASFA)
- Types of Grants
- Types of Loans
- Work Study
Why and How to Start a College Savings Plan
- In Texas: Texas Tomorrow Fund
- In San Antonio: City of San Antonio Individual Development Accounts (IDA)
- In the Community: Goodwill San Antonio (More info here)
- Online: Create a free account to understand college costs and start saving