The Free Application for Federal Student Aid (FAFSA) is an application for prospective college students in the United States to determine eligibility for student financial aid. The FAFSA applies to one academic year, therefore, to renew, you must apply again each year.
The FAFSA is open each year as early as October 1st. Apply here: https://studentaid.gov/h/apply-for-aid/fafsa
The ORSAA is an Oregon-developed application for students who are not eligible to complete the FAFSA (due to not having a social security number). It is a confidential application that is used solely by the Higher Education Coordinating Commission (HECC) to qualify students for financial aid in Oregon. ORSAA must be renewed each academic year by applying again.
Apply for ORSAA here: https://oregonstudentaid.gov/orsaa-filter.aspx
Oregon Promise is a state grant that helps to cover tuition costs at an Oregon community college for recent high school graduates and GED® test graduates. Students must have a 2.0 GPA or higher upon graduation and must apply during their senior year or immediately after GED® test completion.
Oregon Opportunity Grant:
Oregon Opportunity Grant is a state grant that is awarded first to students with the greatest financial need. The Oregon Opportunity Grant can only be used for a participating public or private Oregon college.
Here is the link for eligibility and further information regarding the Oregon Opportunity Grant: https://oregonstudentaid.gov/oregon-opportunity-grant.aspx
Financial aid terms:
What is a grant? A grant is money that is awarded to a student that does not need to be paid back.
What is a loan? A loan is money that is borrowed and repaid over time.
What is a scholarship? Scholarships are merit-based financial aid awards designed to help students pay for college. Scholarships do not have to be paid back.