Does the youth need financial aid to pay for postsecondary education or training? Financial aid helps pay for postsecondary education and training. Options include grants, loans, work-study, scholarships and educational benefits.
Awareness: Understand scholarships, educational benefits, and the importance of the Free Application for Federal Student Aid (FAFSA) — including which postsecondary education and training programs accept it and how to complete it, as well as the need to complete a separate financial aid application at the chosen postsecondary education or training program.
Exploration: Identify financial aid needs and options related to chosen postsecondary education or training programs.
Preparation: Complete financial aid paperwork for chosen postsecondary education or training programs.
Implementation: Maintain any financial aid awards for chosen postsecondary education or training programs.
Postsecondary education counseling
LEARN: Develop your knowledge
Learn how to help youth understand financial aid options.
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Then, direct the student to complete a financial aid application at the chosen postsecondary education or training program. The student will be notified of any available financial aid, including:
Grants: need-based funds from the state or federal government (repayment not required)
Loans: provided by the state or federal government or a private entity (must be repaid with interest)
Work-study: on- or off-campus job that helps the student earn money
Additional options for financial aid include scholarships and educational benefits for students with special circumstances and abilities. Examples include child care assistance, military benefits, merit aid for academic achievement, and scholarships based on factors such as race, ethnicity, special talents and life circumstances.
DO: Work with youth
Find resources to help youth understand and apply for financial aid.
Paying for college from the Minnesota Office of Higher Education provides an introduction to financial aid, including a financial aid estimator and tips to lower the cost of postsecondary education.