Financial Aid is a source of monetary support offered for the specific purpose of helping a student meet educationally related expenses. The assistance is provided by various Federal, State, and private agencies and it may include grants, scholarships, loans, and student employment. If you qualify you may be offered a combination of these types of aid based on your financial needs and the amount of funds available.
Federal Student aid is assistance for students enrolled at least half time in a degree seeking program. It helps to cover school expenses, including tuition and fees, room and board, books and supplies, and transportation.
GRANTS and SCHOLARSHIPS: in most cases are sources of financial aid that does not have to be repaid. Generally, grants are for undergraduate students and the grant amount is based on need, school cost, and enrollment status.
LOANS: are borrowed funds that must be repaid with interest. Both undergraduate and graduate students may borrow money. Parents may also borrow to pay education expenses for dependent undergraduate students.
WORK-STUDY: is money for educational expenses paid to the student for on-campus or community-based work.