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Financial Aid

Financial Aid: any money that can be used to cover the cost of higher education and it can come in the form of loans, grants, scholarships or work study.

HOW DOES A STUDENT GET FINANCIAL AID?

  • Complete the Free Application for Federal Student Aid (FAFSA).  Available online at: www.fafsa.ed.gov.  It can only be completed after October 1, 2018.  Every student planning to attend some sort of education after high school should apply!
  • Some colleges require another form called the CSS/PROFILE. To find a complete listing of the colleges that require this form and for info on completing it, visit: https://cssprofile.collegeboard.org.  The 2019-20 CSS/PROFILE becomes available on October 1, 2018.  Check with each college for their filing deadline.  Cost:  $25 to register and send to one college, $16 for each additional college.  If you qualify for a fee waiver, you’ll be notified at the end of the process.
  • Some colleges require their own institutional form, although this is rare.  Students should become familiar with the financial aid process for each college they are planning to apply to by visiting the Financial Aid page of each college’s website.

WANT TO LEARN MORE?

FAME, the Finance Authority of Maine, is an excellent resource to help families through the financial aid process.  Visit https://www.famemaine.com/education/topics/filing-the-fafsa/ to find step-by-step worksheets and other tools to help you complete the FAFSA.  You can also search for FAME’s videos on YouTube.