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Students/Parents
The cost of education and training needed to enter a career are often critical when considering career options. However, there are many funding sources that can help you pay for the cost of education, including:
- Loans (must be repaid)
- Grants (do not have to be repaid)
- Work Study
- Scholarships (do not have to be repaid)
Financial aid can be based on need, income, merit or athletic or academic achievement.
Scholarships are awarded by educational institutions, civic and professional organizations, labor unions, and private businesses. They may be awarded based on merit, or excellence in academics, sports, or excellence in a particular field of study. Other scholarships may be awarded based on ethnic background, religious affiliation, or special interests. Each organization sets its own eligibility requirements that must be met by each applicant. High school counselors or the post-secondary school's financial aid officer can be a great resource to learn about privately sponsored aid opportunities.
I would like more information about financial aid resources.
NEW ECONOMY TECHNOLOGY SCHOLARSHIPS (NETS)
The new SciTech Scholarship and the Technology Scholarship are
both awarded through the New Economy Technology Scholarship (NETS)
Program, administered by PHEAA. These scholarships make financial aid available
if you are an undergraduate studying in approved science or
technology fields. The goal of this program is to help address the critical need
to educate and retain a workforce of highly trained technology experts
that will help Pennsylvania attract and support new employers. Recipients
of these scholarships must agree to work full-time in Pennsylvania
following graduation, one year for each year that a scholarship award is received.
These scholarships are not based on your financial need. First priority
for awarding funds under this program will be given to renewal applicants.
Thereafter, funds under this program will be awarded on a first-come,
first-served basis. We recommend that you submit your application as soon
as possible.
Loans, grants and work study programs are available through savings and loan associations, credit unions, or through the federal government (US Department of Education) as well as the Pennsylvania Higher Education Assistance Agency (PHEAA). A student's eligibility is determined by financial need.
For more information about federal financial aid programs see: www.studentaid.ed.gov
The Student Guide to Financial Information
For information about Pennsylvania's financial aid programs see: www.pheaa.org
Student Loan and Grant Center: (800) 692-7392
Parent Loans
Special loans (called PLUS loans) are available to the parents of students. These loans are also available through the State of PA. Generally parent loans have a somewhat higher interest rate and the repayment begins immediately.
I'd like more information about PLUS loans.
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