TFS - Tuition Funding Sources
Frequently Asked Questions
- What is Tuition Funding Sources or TFS?
- Who can use TuitionFundingSources.com?
- How do I become a member of TuitionFundingSources.com?
- How is TuitionFundingSources.com different from other scholarship search websites?
- How do I search for scholarships?
- How do I apply for federal and state financial aid?
- Should I apply for a student loan?
What is Tuition Funding Sources or TFS?
Tuition Funding Sources or TFS is a private service created in 1987 to help students find scholarships, student loans and other forms of financial aid to help pay for a college education. The TFS website is sponsored exclusively by Wells Fargo Bank.
The TFS program also provides students with a career personality test, and detailed career information. Students using TFS can determine what careers suit them best, find schools that offer degree programs in those fields and then discover scholarships and other forms of financial aid to help pay for college tuition and expenses.
The TFS scholarship database is updated daily. On average, 5,000 new scholarship awards are added to the database every month in an effort to stay current with national scholarship growth rates. New and updated scholarships appear on the TFS website in real time.
We have been collecting scholarship information every year since 1987, making Tuition Funding Sources one of the oldest and most trusted names in the industry.
Who can use TuitionFundingSources.com?
Tuition Funding Sources is available free of charge to all high school students looking to continue their education after graduation, all college students currently attending a college or university and all other adults either at home or in the work force that desire to obtain a college degree or take college courses to improve their skills and education.
How do I become a member of TuitionFundingSources.com?
Click on the "login" button to see the registration link, then, select your state of residence, the school you currently attend (if you are in school), and the other requested information. Then create your own personal password. If your school is not listed, please email support@TuitionFundingSources.com.
The next time you return to the TFS website you can login with just your username (your email address) and your password.
How is TuitionFundingSources.com different from other scholarship search websites?
Most other scholarship search websites contain small scholarship databases made up of mostly national scholarships. These scholarships receive the largest number of applications and are the most difficult to win. The websites contain very few college sponsored awards thus eliminating the largest category of scholarship funds and those awards that students have the best chance to win.
The TFS website likewise contains millions of national scholarships, but the largest portion of the TFS scholarship database is made up of scholarships sponsored by individual colleges and universities.
How do I search for scholarships?
In order to find a scholarship you will be asked to complete a personal profile that will include some personal information and your desired career and educational goals.
The TFS program will use the information you provide to find scholarships that match your profile. The scholarships with the closest matches will appear at the top of your scholarship search results. This process will save you a great deal of time because you will only see scholarship awards for which you quality.
When you find a scholarship that interests you it can be saved to your own personal scholarship list. Your personal list can be accessed only by you when you login to the TFS website. We recommend using your personal scholarship list to help you manage the scholarship application process.
How do I apply for federal and state financial aid?
Each state administers its own financial aid programs. All of the programs vary greatly from state to state. You should definitely look at financial aid offered by your state because statistically you have a greater chance of obtaining financial assistance from your state than from a national source. The TFS website will provide you with direct links to each state's financial aid website.
The federal government also offers financial aid for students in the form of grants, student loans and work-study programs. The TFS website will provide you with direct links to the U.S. Department of Education's Student Financial Assistance website. Don't ignore this site. The federal government is the largest supplier of financial aid in the U.S.
Should I apply for a student loan?
Wells Fargo Bank and other institutions offer many different types of private student loans. In addition, the federal government provides low-interest rate student loans for students and parents. The lender is the U.S. Department of Education rather than a bank or other financial institution.
In determining whether or not you want to borrow money to attend school you should try and determine what your future income will be compared to your anticipated future monthly student loan payment and living expenses. You do not want to be in a position where your future income is not sufficient to pay for all of your normal living expenses along with your student loan.
The Department of Labor has determined that students who obtain a college education earn on average $1,000,000 more than people with just a high school education. So if a student loan is your ticket to higher earnings then by all means it is worth it. But just make sure you don't graduate from college with a large debt and small earning power.