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Types of Financial Aid

 

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Your financial aid options

Financial aid is any assistance received to help pay for college. There are four main types of financial aid available: scholarships, grants, loans and work-study programs. Financial aid packages generally include a blend of these aid types and are awarded based on merit and/or need.

In addition to financial aid, other options can help students cover college costs. These may include employer reimbursement, graduate assistant ships and even payment plans over time.

Follow the links below to learn more about each option.

Type of Aid/Program

Description

Grants Gift aid that does not have to repaid
Scholarships Gift aid based on merit, financial need or both
Loans Financial aid that must be repaid with interest
Student Employment Work opportunities including Federal Work Study and apprenticeships
Employer Reimbursement Tuition reimbursement offered by select employers
Tuition Discount Programs Tuition discounts offered by select employers and organizations
Assistantships Assistantships available to graduate students for tuition and a stipend
Payment Plans Interest free payment plans for undergraduate and graduate students