Types of Financial Aid
Financial aid for a college education is available from Federal and State programs, as well as private sources. The types of aid offered are: scholarships, grants and work-study.
Scholarships and Grants
Scholarships and grants are usually awarded on the basis of demonstrated financial need. Factors such as financial need or academic excellence are the primary basis for scholarships. Since you do not have to repay scholarships or grants, these types of aid are highly recommended.
Under the Federal and State Work-Study Programs, your school helps arrange a job for you as part of your Financial Aid Award. You use your earnings to help pay for expenses that occur at the college you are attending.