Financial Aid Basics

Financial aid includes federal, state, institutional, and private fund(s) used to assist eligible students in funding their education.

Financial aid can be a combination of scholarships, grants, loans, waivers, and student employment.

Scholarships and grants are considered “free money” and the student is not required to repay; however, loans and student employment are considered self-help aid and most loans require repayment when a student becomes enrolled less than half time or graduates.

Student employment includes both work-study positions and part-time employment positions, either on- or off- campus.