Types of Aid at a Glance
There are several types of aid available. Each is different in how it is awarded and paid back.
- Grants are the most favorable form of aid because you don't need to pay them back. They are awarded based on financial need. More...
- Scholarships like grants don't require you to pay them back. Scholarships are awarded for a variety of reasons including academics, arts, and athletics. More...
- Student Loans are available for students and their parents. Student loans must be paid back, but can be deferred until 6 months after graduation. More...
- Federal Work Study Program provides aid that students earn through a part-time job, usually on campus. You are paid hourly and can earn up to the amount awarded to you in your financial aid package. funds earned through this program are taxed by the government. More...
