
After you have been accepted by your school and have submitted your FAFSA application form to your desired college(s), you will receive an award letter from each school with details of your proposed financial aid package. Your award letter will very likely include a combination of different types of aid which may include scholarships, grants, work-study and federal student loans. Some schools may include state based private loans as part of your award letter but this is usually not the case.
Gift Money
Earned Money
Borrowed Money