Types of Aid
Types of Financial Aid
Some kinds of financial aid (like student loans) will need to be paid back over time. Others, like scholarships and grants, don’t need to be repaid.
Federal and State Grants
When you file a FAFSA, you’ll be considered for grants based on your financial need. Like scholarships, you don’t need to pay them back.
Federal Work-Study (FWS) is an opportunity for you to earn money from an on- or off-campus job. The money you earn from your job goes directly to you, like a regular paycheck.
Based on your FAFSA, you or your parents could qualify for low-interest government loans. You can also apply for private loans. Loans need to be paid back, usually with interest.
Free money is the best kind of money. Scholarships don’t need to be repaid, and they can be based on your financial need, your academic achievements, or your personal identity.
If your parent works for a participating college or university, you may be eligible for additional tuition assistance.
The Yellow Ribbon Program can help pay for tuition that the Post-9/11 GI Bill doesn’t cover.