Complete your FAFSA (Free Application for Federal Student Aid). You can do this online at www.fafsa.ed.gov. Once this is complete it will come to the Financial Aid Office in 3-5 days and they will contact you regarding the next steps that need to be taken.
One out of every three students who complete a FAFSA are chosen by the government to be verified. This simply means that the government is doing a random check to make sure you've reported the correct tax information on your FAFSA. If you are chosen, the Financial Aid Office will notify you. You will also be asked to complete a Verification Worksheet.
Once the FAFSA process is complete through the Financial Aid Office, they will send you an Award Letter. This will show you how the government calculates your financial need, and then how much you are eligible for in a Pell Grant and in Stafford Loans.
The Federal Supplemental Educational Opportunity Grant each year goes to the neediest students at Emmaus, as decided by the FAFSA.This is given each semester and ranges anywhere from $200 - $600 per student.
The simplest and most effective method is through a company called FastWeb, at www.fastweb.com. This is a customized scholarship search that sends you automatic email updates about scholarships available to every student in the US. Sign up for a free account and you'll see updates almost immediately.
The Subsidized Stafford Loan is interest-free until 6 months after the student is no longer enrolled in at least 6 credits during a semester. The government pays the interest during this time, and the loan can be deferred as long as the student is enrolled. The government does not pay the interest on an unsubsidized loan.
The Federal Plus Loan is another Government loan that a parent can take out for the student. The interest rates on Plus Loans are excellent, second only to the Stafford Loan. You may also want to consider private education loans from banks or lenders.