Types Of Financial Aid Lantern

A Guide to College Financial Aid: What Families Need to Know

Paying for college is one of the largest expenses many families face, and the process of finding help can feel overwhelming. Financial aid exists to bridge the gap between what a family can afford and the actual cost of attendance. Understanding the main categories of aid and how they work is the first step toward making a sound plan. The Core Categories of Aid Financial aid generally falls into two broad groups: need-based aid and merit-based aid. Need-based aid depends o