Am I right to worry? My parents dont have the money to pay for all of my education. I am a hs sophmore. Will grants and loans still be available by the time I graduate high school? Or do you think I need to hope and pray that I get a scholarship? Also, will scholarships still be available? Thank you
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Good afternoon! I appreciate you reaching out. I understand your concern. This issue is on the minds of many students like yourself. So, it is natural to be concerned. Despite these attacks, there are many other sources of financial aid that are free from government encroachment. Here are some sources:
The AADHE is aware of the uncertainty of federal financial aid due to the freezing of federal funding. As of now, Federal Student Aid has said in an official statement that federal funding for education (student loans, Federal Pell Grants, etc.) will not be impacted. However, the status of federal financial aid is still unclear. Despite this uncertainty, I still encourage you to complete the FAFSA. My organization will continue to watch this situation closely.
In addition to the FAFSA, you can also receive financial aid through scholarships, College Board's CSS Profile, state tuition assistance and university specific financial aid policies. In regards to scholarships, I understand the situation with your grades but keep in mind that there are many other scholarships that are not reliant upon grades. Here is a brief explanation of each form of financial aid:
Scholarships: For scholarships, there are multiple platforms that hold thousands of scholarship opportunities and they are safe from government influence. Please check out the scholarships/grants page of our website for good scholarship database resources and scholarship opportunities.
CSS Profile: College Board's CSS Profile is very helpful in helping people receive non-federal institutional aid (Scholarships, university specific scholarships and grants, etc).
State Tuition Assistance: Many U.S. states offer in-state tuition assistance which can cover sometimes 75% to 100% of college expenses. However, this is only for residents. If your state has this form of assistance, you may be eligible for tuition assistance if you attend an in-state university. So, please check eligibility requirements if you are interested in this form of aid.
University-specific financial aid policies: Many universities offer financial aid policies that are willing to provide full tuition coverage to students who have an income within a certain margin. Please check your desired universities' financial aid policies to see if they offer full tuition coverage based on your income.
Loans: If there is a situation where you need a loan, do not worry. There are many loans that are not federally funded. These are known as private loans and you can find them through credit unions or student loan agencies. Some well known resources are Sofi, Sallie Mae and College Ave.
I hope this information will give you a peace of mind. Remember to keep your head held high despite these attacks. The government wants to influence us into thinking that higher education is not possible for us. Let's prove them wrong!