Guide to financial aid
Who: Anyone who wants grants, scholarships, loans and work study to help pay for college. While most aid is need-based, the income limits are higher than you might think: $70,000 for an Oregon Opportunity Grant, for instance. And scholarships have a range of selection criteria, from academic interests to community activities.
How: Complete the Free Application for Federal Student Aid (FAFSA), the federal application for student aid. To apply, go to www.fafsa.gov and use the school code 003216 for Portland State. Scholarships have separate applications. Go to www.pdx.edu/scholarships for details.
When: Submit your FAFSA as soon as you can after Jan. 1 for priority consideration. The deadline for general university scholarships and state grants is Feb. 1; some scholarships have earlier deadlines.
By the numbers
Students receiving financial aid: 56%
Average dollar amount: $4,650
Breakdown of awards:
22% grants and scholarships
Types of aid
Loans — Money that has to be paid back with interest after you graduate
Grants — Free state or federal aid, mostly awarded by financial need
Scholarships — Free money with a wide range of selection criteria
Fee remission — Reduction in your tuition cost
Work study — Federal program that pays students to work up to 20 hours a week