Navigating the world of financial aid can sometimes feel confusing or overwhelming. The resources below are designed to provide you with a clearer understanding and help you navigate the process with greater confidence.
It’s essential to know that applying for financial aid and receiving support with the process should never incur any costs. Be cautious of services that charge fees for completing applications or searching for scholarships.
Main Types of Financial Aid:
Grants – Funds typically based on financial need that do not have to be repaid.
Scholarships – Awards generally based on merit, such as academic excellence, special skills, community service, or sometimes financial need. These also do not require repayment.
Work-Study – Part-time campus jobs (usually 10–15 hours per week) where students earn money to help cover expenses.
Loans – Money borrowed by students and/or parents that must be paid back with interest.
Need-Based vs. Merit-Based Aid:
Need-Based Aid is determined by a student’s financial situation, often calculated through forms like the FAFSA or CSS Profile. Academic performance does not play a role.
Merit-Based Aid is awarded to students who demonstrate exceptional academic, artistic, athletic, or leadership abilities, regardless of their family’s financial circumstances.