Types of Financial Aid

Federal, State, and University funds provide four types of financial aid:

  • Federal Grants and State Grants are need-based funds and do not have to be repaid.
  • Scholarships are awarded based on grades and other achievements, and may or may not be need-based.
  • Work-study money is need-based and is earned through part-time employment.
  • Loans must be repaid with interest, usually after graduating or withdrawing from college.