Type of Aid
Explanation of Aid
Examples
Federal Pell Grant
Federal Grants
Federal Supplemental Educational
Money that the federal government gives a Opportunity Grant
student, which does not need to be paid
back
Teacher Education Assistance for College
and Higher Education Grant (TEACH)
Iraq and Afghanistan Service Grant
Money that the state government gives a
student, which does not need to be paid
back
State Grants
(Many states use the FAFSA to determine
state grants. If your state is not on that list,
Vary by state. Learn more about the state
financial aid programs
check your state's financial aid
administrator website to learn how to
apply for state aid)
Direct Subsidized Loan (Stafford Loan)
Low-Interest Federal Loans
Loans that are backed by the government
and must be paid back over time
Federal Perkins Loan
Direct Unsubsidized Loan (Stafford
Unsubsidized)
Direct PLUS Loan
An aid program that enables students to
Work-Study
work part-time to help pay for college
expenses
Federal Work-Study
State Loans
College/Institutional Loans
College/Institutional Grants and
Scholarships
Available in some states
Vary by state
Loans offered directly through the college.
Vary by college
Interest rates can vary
May not be offered by all colleges
Grants and scholarships offered directly
Vary by college
through the college that do not need to be May be used by colleges that do not use
paid back
the CSS Profile
COA
COA = Cost of Attendance. This includes tuition, room, board, books, and other fees.
SAI
SAI = Student Aid Index. This is the amount your family will be expected to pay out of pocket, as determined by the new FAFSA.
Work-study
Eligible students work on campus between 5-10 hours per week at minimum wage. You must have selected yes to the work-study
question on the FAFSA to have it on your financial aid package. Don't count on this money to pay tuition bills, as you must work
before receiving a paycheck. A work-study is typically used for spending money during the school year.
Pell Grants
Pell Grants are Federal Government grants. These do not have to be repaid. Pell Grants are based on family income in addition to
other criteria on the FAFSA. The maximum amount for the school year 2024-2025 is $7,395. Amounts can change yearly, so you should
check current Pell Grant award amounts here. You may use Pell Grants for a maximum of 12 semesters.
State Grants
The name and amount of state grants change state by state. The deadline to file the FAFSA to receive state grants also varies. A grant
does not need to be repaid.
Institutional Grants
Institutional Grants are financial aid that is given out by the college based on family need. The amount and requirements vary by
college or university.
Merit Scholarships
Merit scholarships are money earned by the student based on grades/test scores and not by financial need.
Federal Direct Student Loans
Unsubsidized Federal Student Loans are loans given in the student’s name that must be paid back. The government does not subsidize
this loan, meaning the interest accrues while you are in college. You'll begin paying back this loan 6 months after leaving college.
Subsidized Federal Student Loans are loans given in the student's name that must be paid back. The federal government pays the
interest on subsidized loans while you are in college and then begins accruing interest 6 months after you leave college.
Neither subsidized nor unsubsidized federal student loans require credit checks. Read more about these types of federal loans here.
Parent Plus Loans
Parent Plus Loans are offered to a parent, who must pass a credit check when the financial aid package doesn't cover the full cost of
college for a student. This can be a very risky way to pay for college and interest rates are higher than Direct Student Loans.
Example Financial Aid Package: University #1
COA or Cost of Attendance
Financial Aid Package
Tuition & Fees
$7,870
Federal Pell Grant
$6,195
Room & Board
$9,128
State Grant
$2,000
Books
$1,314
Academic Scholarships
$2,000
Unsubsidized Direct Student Loan
$2,000
Subsidized Direct Student Loan
$3,500
TOTAL FINANCIAL AID
$15,695
TOTAL COA
$18,312
COA - Financial Aid Package = Cash Still Needed to attend
$18,312 - $15,695 = $2,617 needed to attend University #1
Extra costs you must still consider include transportation to and from college, everyday personal expenses such as toiletries, and loan
origination fees.
Does your family have any college savings? How could you earn $2,617 to accept this offer?
Example Financial Aid Package: University #2
COA or Cost of Attendance
Financial Aid Package
Tuition
$53,180
Federal Pell Grant
$6,195
Fees
$1,260
Institutional Grant
$60,224
Books
$1,000
Unsubsidized Direct Student Loan
$2,000
Room & Board
$17,1000
Subsidized Direct Student Loan
$3,500
Work-study
$1,535
TOTAL FINANCIAL AID
$73,454
TOTAL COA
$72,540
COA - Financial Aid Package = Cash Still Needed to attend
$72,540 - $73,454 = -$914 refund to the student for university #2
Project: Choose an occupation from the list below. Create a presentation for the occupation you chose and
follow the slide requirements indicated. You may work in pairs for this project. No occupation can be
repeated by other groups. You will draw numbers for the choice.
Here are the jobs that the U.S. Labor Department and BLS project will be the fastest growing jobs going into
2030, along with the median annual pay:
 Wind turbine service technicians: $56,230
 Nurse practitioners: $111,680
 Solar photovoltaic installers: $46,470
 Statisticians: $92,270
 Physical therapist assistants: $59,770
 Information security analysts: $103,590
 Home health and personal care aides: $27,080
 Medical and health services managers: $104,280
 Data scientists and mathematical science occupations, all other: $98,230
 Physician assistants: $115,390
 Epidemiologists: $74,560
 Logisticians: $76,270
 Speech-language pathologists: $80,480
 Animal trainers: $31,520
 Computer numerically controlled tool programmers: $57,740
 Genetic counselors: $85,700
 Crematory operators and personal care and service workers, all other: $28,420
 Operations research analysts: $86,200
 Actuaries: $111,030
 Health specialties teachers, postsecondary: $99,090
 Forest fire inspectors and prevention specialists: $42,150
 Interpreters and translators: $52,330
 Athletic trainers: $49,860
 Respiratory therapists: $62,810
 Substance abuse, behavioral disorder, and mental health counselors: $47,660
 Food preparation and serving related workers, all other: $27,080
 Nursing instructors and teachers, postsecondary: $75,470
 Woodworkers, all other: $33,630
 Phlebotomists: $36,320
 Software developers and software quality assurance analysts and testers: $110,140
Slide Information
1. What They Do
Definition of the occupation
Typical duties
Specialties within the occupation
2. . Work Environment
Number of jobs in the base year
Work setting, including potential hazards and physical, emotional, or mental demands
Employment by largest industries
Work schedules, including information on hours worked and seasonality of work
Injuries and illnesses (if relevant)
3. How to Become One
Typical entry-level education requirements
Important qualities that are helpful in performing the work
Typical on-the-job training needed to attain competency in the occupation (if relevant)
Licenses, certifications, and registrations (if relevant)
Work experience in a related occupation (if relevant)
Other experience (if relevant)
Advancement (if relevant)
4. . Pay
Median annual or hourly wages
Top 10 percent in wages earned
Bottom 10 percent in wages earned
Work schedules
5. Job Outlook
Industry growth or decline
Technological change
Demand for a product or service
Demographic change
Change in business patterns
Chart showing projected rate of employment growth
6. Quick-facts table; this feature summarizes key information about the occupation, including:
Median pay
Entry-level education
College degree
Certifications
Work experience in a related occupation
On-the-job training
Number of jobs in the base year
Job outlook
Suggestion: If your team creates a shared document, a PPT or another form of media, then both of you can be
working on the presentation at the same time. It is best to identify which sections of the presentation each one will
be creating and presenting to the class.
Grading: You will be graded on the completion of the project, the presentation and attendance. Attendance is an
important part of working on a project with others.
Rubric: Hard copy distributed to students.