Panola College offers financial assistance to qualifying students in the form of federal and state grants and opportunities for student employment. Financial aid is money awarded to students to help pay for educational expenses. All students seeking financial aid at Panola College must complete the Free Application for Federal Student Aid (FAFSA) online at http://www.fafsa.ed.gov, along with any institutional forms required. Students should submit all necessary paperwork and have their financial aid file completed as soon as possible. Since supplemental aid is awarded on a first-come, first-served basis, it is best to apply as early as possible. Panola College receives both state and federal funds for student aid. Consequently, the entrance requirements and academic progress requirements for financial aid eligibility may be greater than those stated in other sections of this handbook.