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Today, the average American student and his/her family typically don’t have extra funds on hand to pay for college out-of-pocket — especially considering the ever-rising cost of college. In many cases, financial aid is a great way for students and their families to afford a bachelor’s degree. By starting early and understanding the options, students can attain a reputable bachelor’s degree without breaking the bank. AVERAGE FEDERAL FINANCIAL AID PER FULL TIME ENROLLED STUDENT FOR THE 2015-2016 SCHOOL YEAR Grants/Scholarships - $8,390 Grants and scholarships are the preferred form of financial aid for many students, as they do not have to be paid back to the government agency or private foundation distributing them. Federal Loans - $4,720 Education Tax Credits/Deductions - $1,290 Federal Work-Study - $60 Total Per Year - $14,460 SCHOLARSHIPS Women Techmakers Scholars Program Who Can Apply: Female computer engineering students enrolled in their final year of undergraduate study, with GPAs of 3.5 or higher. Amount: $10,000 VIEW SCHOLARSHIP Blacks at Microsoft Scholarships AAHD Frederick J. Krause Scholarship on Health and Disability Coca-Cola Scholars Foundation Scholarship LINK TO SCHOLARSHIP DATABASE AN OVERVIEW OF FINANCIAL AID Approximately two-thirds of today’s college students rely on loans to fund their education, but there are plenty of overlooked financing options you can use to reduce your overall student debt. UNDERSTANDING THE FAFSA Completing the Free Application for Federal Student Aid (FAFSA) is a crucial first step for any student with financial needs. Our FAFSA guide features a step-by-step rundown on the process and answers to several frequently asked questions. FINANCIAL AID FOR ONLINE STUDENTS Financial aid for online learning is equivalent to what you’ll find for campus-based learning, but that hasn’t always been the case. Learn about the changes that have taken place, as well as the different funding opportunities available to online students. SCHOLARSHIPS FOR SINGLE PARENTS Online college programs can be a flexible, affordable option for single parents who are interested in earning a degree and securing their family’s financial future. We’ve compiled a list of scholarships, grants, and other financial aid options geared toward single moms and dads. FINANCIAL AID FOR VETERANS AND ACTIVE MILITARY Millions of dollars in free money is available to U.S. military personnel, but much of it goes unused. Learn more about grants, scholarships, and other financial aid opportunities available to veterans, active-duty service members, and reservists. Rankings Archive