Financial Aid

Financial Aid

Financial aid is any type of assistance used to pay college costs, including living expenses like rent and food. There are four main types of financial aid:

  • Grants
    Do not have to be repaid and are usually need-based; often government funded
  • Scholarships
    Do not have to be repaid and are often based on merit, personal interests or background
  • Work-study
    Part-time employment through the college, where students earn money
  • Student Loans
    Borrowed funds that students must repay with interest

Applying for financial aid is free but it takes time and attention to lots of details to figure out which aid you might be eligible for and fill out the applications.

What should I do to get started?

** Download the JBAY Financial Aid Guide for California Foster Youth

This comprehensive guide begins with an explanation of different types of financial aid available, includes a step-wise guide to completing the FAFSA, tips on what to do after the FAFSA to ensure maximum aid awards, and explains how to stay in good standing and keep getting financial assistance for school.

COMING SOON: A visual companion guide for completing the FAFSA

TIP: Don’t be shy about asking for help. Start as early as possible.

  1. Learn about financial aid and what’s available.
    Check out these resources:

  2. Get help. Your high school counselor, Independent Living Program or the financial aid office at the college you are thinking about going to can help you complete the FAFSA and apply for all financial aid. If the college has a program for foster youth, get help from the foster youth counselor. CLICK HERE to find campus support programs.
  3. Submit your FAFSA form. This federal form is the key to most financial aid. Use the Financial Aid Guide for California Foster Youth to help you submit this application.