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Understanding College Financial Aid

What is financial aid?

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Brad Barnett

<span><font><font>Brad received his Bachelor of Science degree from Southern Arkansas University, with a major in Psychology and a minor in Business.<span>  </span>He furthered his education by graduating from the Medical College of Virginia at Virginia Commonwealth University with a Master of Science degree in Rehabilitation Counseling, specializing in Mental Health.<span>  </span>He has been involved in the financial aid and/or rehabilitation professions for the past 15 years.</font></font></span><span><font> </font></span><span><font>Brad, a Past President of the Virginia Association of Student Financial Aid Administrators (VASFAA), currently serves as the Senior Associate Director of Financial Aid & Scholarships for James Madison University.<span>  </span>Immediately prior to JMU, he served as an Assistant Director of the Financial Aid Office at Virginia Commonwealth University.<span>  </span>Brad has presented numerous sessions at state, regional, and national conferences, and has served on a variety of association committees.<span>  </span>In addition to speaking at professional conferences, Brad has conducted an abundance of workshops and presentations in non-conference environments, including teaching a credit based financial literacy course at JMU entitled “Dollars and Sense.”<span>  </span>Many of the topics Brad’s speaks on include communication, leadership, values, financial aid policies and procedures, financial literacy, and saving for college.<span>  </span>He has also facilitated strategic planning and value development retreats.</font></span>

What is financial aid?

In this video, Mr. Barnett discusses the types of financial aid applications a student may need to complete.

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Host: What is financial aid?

Brad Barnett: When you talk about financial aid, we are talking about what types of sources of money you use to help you pay for college. Think about it from the perspective of, if you buy a car or buy a home, a lot of people get a loan, that s financial assistance to help pay for that product. In the terms of financial aid for college, we are looking at things like grants, scholarships, loans, employment opportunities. Those are typically your big sources of financial aid.

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