What is financial aid?
Financial aid is funding that helps students
pay for educational expenses like tuition, fees, food and housing,
and other costs associated with attending college. It's available
through various sources, including grants, work-study programs,
student loans and scholarships. To access federal and state
financial aid, students will need to complete the Free Application for Federal Student Aid
(FAFSA).
|
Grants
|
Aid that's often based on financial need and doesn't usually
have to be repaid. This includes:
|
|
Work-Study
|
Provides students the eligibility to find a part-time job during
the school year as part of their financial aid package. The jobs
are often located on campus.
|
|
Loans
|
Offered at low interest rates, some student loans are based on financial
need and some aren't. All loans must be paid back, along with any
additional interest.
|
|
Scholarships
|
Financial awards given for a variety of reasons, such as good
grades, special talents or career plans. Scholarships don't have to
be repaid. Explore scholarship opportunities in Financial Aid Planning and UCanGo2.org.
|
Additional benefits may exist to help you pay for college. These
benefits include:
