Financial Assistance

A Brief Overview

What is financial assistance? Financial assistance is combination of "gift aid" (grants and scholarships) and "self-help" aid (loans and work).

The U.S. Department of Education believes that it is primarily the family's responsibility to cover the costs of a college education. For those families who cannot afford a college education, federal financial assistance is available for qualifying students.

Application Process

Financial and personal information is gathered on a "FAFSA" application in order to determine a family's "Effective Family Contribution (EFC)." Once the EFC has been established, the financial aid office at the school uses that number to determine if a student is eligible for gift assistance, self-help assistance, or both.

What do you need to get started? Financial need is based on both the previous year's income information and the current year's assets and personal information. Since the federal funding year is July 1 through June 30, you will need the previous year's FEDERAL tax return and current information on the net value of any of your assets (such as: savings account, stocks, bonds, real estate (do not include the house you live in), business, farm, retirement funds, trusts, etc.)

Paris II offers individual financial assistance counseling to all prospective students. During the counseling, the financial aid officer will assist you with the completion of the FAFSA, determine what types of aid you qualify for, the amount of aid you are eligible for and recommend other avenues of gift aid for you to research.

Please call (816) 468-6666 for an appointment today.

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