FINANCIAL AID

Types of Financial Aid

Grants: A grant is a form of financial aid that doesn’t have to be repaid (unless, for example, you withdraw from school and owe a refund, or you receive a TEACH Grant and don’t complete your service obligation). A variety of federal grants are available, including Pell Grants, Federal Supplemental Educational Opportunity Grants (FSEOG), Teacher Education Assistance for College and Higher Education (TEACH) Grants, and Iraq and Afghanistan Service Grants.

Scholarships: Many nonprofit and private organizations offer scholarships to help students pay for college or career school. This is free money, which is sometimes based on academic merit, talent, or a particular area of study.

Work Study-Jobs: The Federal Work-Study Program allows you to earn money to pay for school by working part-time.

Loan: When you receive a student loan, you are borrowing money to attend a college or career school. You must repay the loan as well as interest that accrues.

Aid for Military Families: There are special aid programs or additional aid eligibility for serving in the military or for being the spouse or child of a veteran. 

Aid for International Student: Federal student aid may be available for studying at a school outside the United States, whether you’re studying abroad or getting your degree from an international school.