Financial Aid For Women and Minorities

Depending on where you live and where you will attend college, you may also be eligible to receive financial aid from the few billion dollars contributed by state governments. Again, many states operate their own programs for students in special circumstances.

To find out more, contact the career center or guidance counseling office at your high school, or the financial aid office at the colleges that interests you.

Beyond these traditional opportunities for college financial aid, another important source is philanthropic foundations, religious organizations, employers, clubs, local government, corporations, and civic service organizations that offer millions of dollar in financial aid.

Types of Assistance

Financial aid for college is offered in three basic forms:

· Grants and scholarships

· Fellowships and internships

· Loans designed especially for students (and parents of students).

Grants and scholarships, sometimes referred to as gift assistance, do not have to be repaid.

Fellowship and internships are monetary awards paid to the student in return for research or work performed according to the guidelines set forth by the sponsor of the award. Fellowships and internships are usually awarded to a student so that he or she may gain experience in a particular field of interest.

Student loans, and loans to parents of students, must be repaid. Generally, these loans featured favorable rates of interest and/or deferred payment options.

You can find tips for women, minorities, and people with disabilities at this site: http://www.squidoo.com/GovermentGrantsandScholarships

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