There are many different forms of financial aid—loans, grants, work-study jobs, and scholarships/grants. So, what's the difference between them all? And where do you start?
Loans are borrowed funds that must be repaid. Both students and parents are eligible to apply for educational loans.
Work-study jobs are employment opportunities for students who show documented financial need. Students often work in labs, administrative offices, libraries, or for professors.
Scholarships are funds you receive that you do not pay back. These awards come from many places (your high school, community, the federal government, the university, the college, private organizations, etc.) and vary in amount.
A grant is free assistance awarded through federal, state, or university funds to undergraduate students with high financial need.
- This is how universities will determine your financial need.
- You may file the FAFSA or the Renewal FAFSA online.
- Indicate on the FAFSA which semesters you intend to take classes (typically autumn through spring).
Questions? Don't hesitate to contact us.