Applying for Financial Aid

The cost of a college education may seem out of reach, but there are options, including personal savings and investments, scholarships, and potential assistance from the government. Depending on your household income level, you may qualify for a package of grants and loans to help cover the expenses of a college degree.

In order to receive financial aid for college, you have to apply each year. You can apply online at http://www.FAFSA.ed.gov1, and the free application works for virtually all two- and four-year colleges, universities and career schools in the country.

Not everyone who applies receives aid. Grants and loan packages are awarded according to income level and the cost of the school you’re applying to. But you can get a pretty good idea ahead of time how much you might be eligible for by using the federal government’s eligibility calculator1. This can also make it easier when it comes time to actually apply.

After You Apply

Soon after applying online, you will receive a Student Aid Report (SAR). It will have all the information you submitted when you applied. Look it over carefully. If there are any mistakes, you’ll be able to reopen your application and amend it.

You will also receive an Expected Family Contribution (EFC). This will be in the upper right hand corner of your SAR. This is the amount the government believes your household should be able to pay for education. Your school will use this number to figure out how much aid you will receive. For instance, if your EFC is $5,000 and the school costs $10,000 per year, you would be eligible for $5,000 in aid.

Other Sources of Federal Student Aid

In addition to standard federal grants and loans, you might qualify for other forms of assistance. Some examples of students who could be eligible for more federal aid include:

Other Sources of Aid

The federal government isn’t the only place to find help. States and even counties and cities often open grant and scholarship programs. Civic groups, such as local chambers of commerce, do as well. Check with the financial aid office at the school the student plans to attend. Also check the student’s high school counselor’s office for aid sources.

In addition, you can find grants and scholarships in your state for the schools you are interested in by using the following resources:

Source: Visa’s Practical Money Skills for LifeTM 1

Email your question or comment

Thank you for your inquiry. A First Citizens Representative will contact you shortly.

An error occurred while sending your request. Please try again.

To get additional information or to send a comment about First Citizens Bank, our products and services, please complete the online form below.

* indicates required field

Please enter your name
*
Please enter a valid email address
*
Please select a recipient
*
Please enter a message
*
Please enter the code
*
or Cancel
Request a Call

Thank you for your inquiry. A First Citizens Representative will contact you shortly.

An error occurred while sending your request. Please try again.

Would you like to know more about our products and services? Give us your name, phone number, area of interest and what time is convenient for you. We will have a qualified First Citizens associate contact you to answer your questions.

* indicates required field

Please enter your name
*
Please enter your phone number
*
Please enter a valid email address
*
Select best time to call
*
Please select a recipient
*
Please enter a message
*
Please enter the code
*
or Cancel
Personalize Your Banking Experience

First Citizens Bank product offerings differ from region to region. In order to accurately display information on accounts, rates and special promotions specific to your area, please enter your 5-digit ZIP Code below.

Email

Thank you for your inquiry. A First Citizens Representative will contact you shortly.

An error occurred while sending your request. Please try again.

To contact , please complete the following form.

* indicates required field

Please enter your name
*
Please enter a valid email address
*
Please enter a phone number
*
Select a contact method
*
Select a product or service
*
Please enter a message
*
Please enter the code
*
or Cancel

Deposit cash or checks without an envelope 24 hours a day, seven days a week

Learn more »

Please Upgrade your browser

Your Browser Is Not Supported – Please Upgrade

In order to view and use certain First Citizens Bank products, services and webpages, we recommend that you use a current version of one of the following browsers. You can upgrade your existing browser by clicking one of the links below. You will need to restart your computer in order to complete the upgrade.

We strongly recommend that you upgrade now.

If you do not upgrade your browser, you may experience functional or display issues on the pages you are attempting to access.