Financial Wellness

Financial Aid: a Complete Guide for Parents and Students

Paying for college can feel overwhelming, but understanding the financial aid process can make higher education far more accessible and affordable. Financial aid comes in several forms—grants, scholarships, work-study, and student loans—all designed to help students and their families manage the cost of tuition, fees, and living expenses. With rising college costs, applying for financial aid has become an essential part of the college planning process. According to the National Center for Education Statistics, nearly 86% of full-time undergraduate students receive some type of financial aid. This guide breaks down the key steps for families to navigate the process effectively and make the most of available resources.