Scholarships, grants, and more

Scholarships and grants are "gift aid" that does not need to be repaid. They may be based on your financial need, background, achievements, talents, abilities, or special interests. It's satisfying to receive a scholarship or grant, but these highly sought-after sources of aid can rarely cover the complete cost of a college education. It's wise to consider them a supplement to your savings and loans.

Grants come mostly from public sources such as federal or state government organizations, or from colleges as institutional grants. You'll be automatically considered for grants when you submit your financial aid applications.

Scholarships come from both public and private resources, including:

• High schools
• Colleges
• Community organizations
• Local and national companies
• Private resources

There are hundreds of scholarships out there. You can find information on what's available and how to apply at any of the following:

• Your high school guidance office
• Your local library
• Community organizations
• College financial aid offices
• The FREE National Online Scholarship Search (PLEASE NOTE: Clicking on this link will take you away from the MEFA Web site.)

Be sure to apply on time! There are thousands of students and families just like you who are eager to take advantage of these benefits. Beware of scholarship scams. Finaid.org (PLEASE NOTE: Clicking on this link will take you away from the MEFA Web site.) offers excellent information to help you avoid scholarship scams, report potential fraud, and search for scholarships safely. You should never have to pay money to get money.