Financial Aid Information
IMPORTANT: The annual California deadline for the FAFSA
is MARCH 2
Financial Aid Websites:
- FAFSA - Free Application For
Federal Student Aid - the most important financial aid application you
can fill out for college. Schools, scholarships, federal and state government
use this document to determine eligibility for aid.
- Cal Grants - California
financial aid for students. If eligible, you do not have to pay this money
College's Finance Guide - This page will help you understand college
costs and financial aid as well as give you tools to develop your own
college financing plan.
- Fin Aid - A website dedicated
to financial aid information.
- Financial Aid Facts
- Information from financial aid counselors who were troubled at the amount
of inaccurate financial aid information there is out on the internet.
- Financial Aid Finder
- Check out "Top
7 Financial Aid Mistakes Students Make"
- CSU Fullerton's Financial
Aid Office - For general financial aid information, as well as more
specific information for CSU Fullerton students.
Financial Aid Websites for Parents:
Financial Aid Vocabulary:
These are general explanations intended to help you understand
financial aid terms. As with any legal document, make sure to read your
papers carefully. If you need help, call the college financial aid office,
bring your papers to your Upward Bound Representative,
or call us at the office: (657)278-8545.
- Expected Financial Contribution (EFC): What you and
your family are expected to contribute for the cost of your college education,
based off the information you put into the FAFSA.
- Grants: Free money! Usually based
on financial need or G.P.A., you automatically apply for grants when you
fill out the FAFSA.
- Scholarships: Free money! The money comes from different
organizations (government, schools, private foundations/organizations,
individuals), and each application process is different.
- Interest: The percentage at which the bank charges
you for borrowing money. The higher the percentage, the more money you
will have to pay back.
- Loans: Money you borrow that you MUST
pay back. There are several different types of loans:
- Public/Federal Loans: Money you borrow from the
government. There are two different types of federal loans:
- Subsidized Loans: The government will pay the
interest while you are enrolled in college, so if you borrow $3000
at the beginning of your freshman year, you will still owe $3000
in your senior year of school (assuming you never left school).
- Unsubsidized Loans: The government will NOT
pay the interest while you are enrolled in college, so if you
borrow $3000 at the beginning of your freshman year, assuming
the interest rate was 8.5% (the maximum interest possible) and
you made no payments for the four years you were in school, you
would owe $4,159 the end of your senior year.
- Private Loans: Money you borrow from a private
institution, such as a bank or credit union. The interest rates are
generally higher than federal loans, and private loans also charge
interest while you are attending school.
- Work study: Money to work at school.
For more financial aid terms, click