Types of Aid
The Financial Aid Office offers many types of financial assistance to students while pursing their higher education goals. There are many types of financial assistance such as grants, scholarships, work study and loans which are from many types of sources such as federal and state government. Generally, scholarships and grants are free to apply and do not have to be repaid. All grants are based on financial need while most scholarships are based on merit.
Grants: financial aid, often based on financial need, that generally does not need to be repaid.
Scholarships: a type of “gift aid” that rewards a student for grades, athletics, a unique skill, a special talent, financial needs or even a specific career interest. Scholarships do not typically need to be paid back, though some scholarships have program requirements and/or obligations.
Work Study: provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses.
Loans: money you borrow and must pay back with interest.