Financial aid for college or university bound students in the U. S. is available from a wide variety of sources. For these ambitious young students the very first step is to consult with financial aid representative of the university they plan to enroll in to find out what form of aid is available to them. The typical kinds of financial aid for college are often student loans, grants and scholarships. You’ll find financial aid student loans offered by the federal government, for which generally there will be an application. You need to complete various application documents and provide necessary information. The first form you will have to complete is referred to as the FAFSA. This acronym is an abbreviation for Free Application for Federal Student Aid. There are also school applications that need to be submitted in addition to this form. You might be needed to apply for every loan that you qualify if you make an application for federal aid. In addition, students that are given federal loans will often be required to attend counseling as regards to student loans prior to loans are made. This is because there are things you should become aware of about federal college funds loans. By way of example, should you seek bankruptcy relief in the future, your federal student loans ordinarily are not eligible for inclusion. In addition to federal loans, private loans might also be available. Most of these might well be determined by credit history and have different requirements regarding pay back. Private sources may include a number of banks, credit unions and lending institutions. Yet another kind of financial aid may be the grant. Grants aren’t required to be given back plus some of them are dependent on income. Low-income students may be eligible for some kinds of grants; one kind of commonly given grant is most likely the Pell grant. Scholarships can be yet another form of financial aid, typically granted by merit. When applying for scholarships, the deadlines not to mention regulations may be stringent and therefore would have to adhere to each of the requirements to the letter and get your application in timely manner or it won’t be accepted. One can find many scholarships, and many are partial. Full scholarships are hard to find as well as much harder to get. Overall with a mix of loans and grants, you’ll be able to obtain financial aid for college to complete your higher education. With certain federal loans, one doesn’t have even to begin repayment till after graduation. For people with difficulty making your repayments, there can be different remedies to choose from including loan deferral as well as consolidation. According to the passage, typical kinds of financial aid for college are all the following EXCEPT ______.