Sources of Financial Aid

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In this Assignment, you will examine a variety of sources of
financial aid and write a paper in which you present key aspects of four
specific financial aid programs, compare the similarities and
differences of these types of aid, and provide some implications
financial aid types have on policy. For this Assignment, you should use
websites and printed materials distributed by institutions, private and
public financial aid providers, and other reliable, published
information to identify and present the provisions of four financial aid
programs. Remember to include the Library and other resources in your
research.

This is the sort of information you might gather as an employee in a
higher education institution investigating the financial aid available
to support current and prospective students. The information is used by
higher education administrators when making decisions about tuition and
fee increases.

Your Assignment is to provide an example for four out of the of the following five financial aid sources:

  • Federal government grant/award
  • Private funded grant/award
  • Federal loan
  • Private loan
  • Institution-funded award

Completing your Sources of Financial Aid Assignment

  1. Decide which state and institution you want to include in your
    report on financial aid programs. You could choose the state in which
    you now live, or another one that is interesting to you. The school can
    be a public, private non-profit, or private for-profit college or
    university.
  2. Research the cost of attending the school you chose (i.e., tuition, fees, housing, books)
  3. Research published information about financial aid programs
    available through federal, state, and local governments and public and
    private entities, as well as the scholarships and tuition assistance
    programs available at the institution you selected. Select examples for
    four types to be summarized.
  4. Prepare your written description of each financial aid program in the format outlined below.
  5. Submit your Assignment through the Dropbox.

Format

Your Assignment should adhere to the following format (choosing 4 of the 5 types of aid listed below):

Introduction: Provide a context and purpose for your paper,
including why you chose the state and school you did and provide
information on the cost of attendance (e.g., tuition, fees, housing,
books, etc).

Federal government grant/award: Identify the name of the grant
or award you select. Present the provisions of the program such as
eligibility criteria, rules governing the award, how the amount is
determined, duration of the award, how many awards are available, and
stipulations of the award, including how the funds may or may not be
used, etc. Also, include the portion of the cost of education at your
sample school covered by the funds and what the student must bear.

Private funded grant/award: Identify the name of the grant or
award you select. Present the provisions of the program such as
eligibility criteria, rules governing the award, how the amount is
determined, duration of the award, how many awards are available, and
stipulations of the award, including how the funds may or may not be
used, etc. Also, include the portion of the cost of education at your
sample school covered by the funds and what the student must bear.

Federal loan: Identify the name of the grant or award you
select. Present the provisions of the program such as eligibility
criteria, rules governing the award, how the amount is determined,
duration of the award, how many awards are available, and stipulations
of the award, including how the funds may or may not be used, etc. Also,
include the portion of the cost of education at your sample school
covered by the funds and what the student must bear.

Private loan: Identify the name of the grant or award you
select. Present the provisions of the program such as eligibility
criteria, rules governing the award, how the amount is determined,
duration of the award, how many awards are available, and stipulations
of the award, including how the funds may or may not be used, etc. Also,
include the portion of the cost of education at your sample school
covered by the funds and what the student must bear.

Institution-funded award: Identify the name of the grant or
award you select. Present the provisions of the program such as
eligibility criteria, rules governing the award, how the amount is
determined, duration of the award, how many awards are available, and
stipulations of the award, including how the funds may or may not be
used, etc. Also, include the portion of the cost of education at your
sample school covered by the funds and what the student must bear.

Comparisons and Implications: Compare the four types of
financial aid programs you outlined, addressing the differences and
similarities among them. Provide a brief discussion of implications the
different types of available aid have on higher education policy.

Conclusion: Wrap up your paper, summarizing your major points.

The length of the paper for content is 2–3 pages long. Before you
submit it, make sure it has proper cover and reference pages and follows
APA (6th ed.) style.

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