Financial Aid Information
Financial aid is any college funding that doesn't come from family or personal savings or earnings. It can take the form of grants, scholarships, work-study jobs, and federal or private loans.
FAFSA
The FAFSA is administered by the Department of Education, and the results that it presents are then given to your college or university's financial aid office. It assesses your and your family's financial situation to determine how much you can afford to pay for college.
Understanding & Comparing Awards
Scholarships
Scholarships are financial aid awards designed to help students pay for an undergraduate degree. Sometimes a scholarship is a one-time check. Other school scholarships are renewable and provide money for students each semester or school year. These awards differ from student loans in that they don't have to be repaid.
Grants
College grants are financial aid that doesn't have to be paid back. Learn more about federal and state grants, how to apply for grants for college, what grants can pay for, and more. A Pell Grant is money the government provides for students who need it to pay for college. Grants, unlike loans, do not have to be repaid. Eligible students receive a specified amount each year under this program
Loans
A loan is borrowed money that is repaid over time. In addition to repaying the amount borrowed, most borrowers also have to pay a fee, called interest. A student loan is used to pay for college costs.
