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Central Davidson High School

2747 NC Hwy 47 | Lexington, NC 27292 phone Phone: 336-357-2920 phone Fax: 336-357-5175
Student Services » College Financial Aid

College Financial Aid

College Financial Aid
 
There are several different types of $$$ students can receive that are considered Financial Aid.
FAFSA (Free Application for Federal Student Aid) must be completed to qualify for federal
loans and grants. See information below.
 
Types of Different Aid
 
Scholarships
Two types- Merit Based and Need Based Scholarships- Do not need to be paid back
 
Grants
Usually need based and received through completing FAFSA-
Free Application for Federal Student Aid. Does not need to be paid back.
 
Loans
These do have to be paid back so only take out as much as you need.
Try to only take out federal loans since they have lower interest rates. Different kinds-
 
Subsidized Federal Student Loans- Federal government pays interest while you are in college
Unsubsidized Federal Student Loans- Interest is added to loan the minute you take out loan. Some students pay the interest while they are in college so you aren't paying "interest on interest."
Direct PLUS Loans- Loans made to both students and parents. Based on credit history.
Perkins Loans- Loans made by schools for students with exceptional financial need.
 
Work Study
Student works on college campus in exchange for money used for college expenses.
Websites for Financial Aid Information
 
FAFSA   Student aid