Oregon Student Loans
As college tuition has greatly increased over the past few years, many students look for funding. Financial aid programs can help students obtain money for their tuition as well as study materials and living expenses, helping them turn their dream of a higher education into reality in an affordable way. Financial aid comes from many sources such as federal and state governments, private organizations and educational institutions.
Types of Oregon Financial Aid Programs
Students who reside in Oregon may benefit from various funding options such as grants, scholarships, federal work-study and student loans. The eligibility requirement and award money in each financial aid program varies.
Grants and Scholarships
Grants and scholarships are useful funding options because they help you offer money that does not have to be repaid. Also, federal Pell grants are great because they are based on need and the Federal Supplemental Educational Opportunity Grant (FSEOG) is another program that you may obtain if you demonstrate extreme financial need.
There are various other Oregon State financial aid options you can acquire, such as Oregon Opportunity grants, the Oregon University System Supplemental Tuition Waiver (SCW), the State of Oregon Opportunity grant, the Oregon Barbers and Hairdressers grant and more.
Federal College Work-Study Program
Another Oregon financial aid option that allows students to finance their education in a convenient manner is federal work-study. With work-study, students work on part-time basis and earn money that goes toward their educational expenses.
Low-interest student loans include federal Perkins, Stafford and PLUS loans. Perkins and Stafford loans are based on need, while for PLUS loans, the borrower must have a solid credit score. Students are required to fill out the FAFSA application to apply for these loans. Banks and some private institutions also offer loans for students. These funds often prove extremely useful when bridging the gap between your need and what you may obtain in the form of federal or state awards.