What kinds of Financial Aid are available?
Financial aid is funding that may be available to you from several different sources, including the federal and state governemments, the institution and other outside organizations. There are two basic categories of financial aid - gift aid and self-help aid.
Gift Aid
Gift Aid is financial aid that does not have to be repaid. It can include grants and scholarships. Grants are usually based on a student's financial need. Criteria for awarding grants can vary among different awarding agencies. Scholarships are funds given to students who show promise of high achievement in areas of academics, athletics or other areas.
Click below to learn more about institutional/merit-based gift aid:
Click below to learn more about need-based gift aid
Self-Help Aid
Self Help Aid is financial aid that must be either repaid or earned. Self-help aid can include loans and/or employment programs. Loans are borrowed funds that must be repaid. In many cases, these loans are low-interest and payments can often be deferred as long as a student remains enrolled at least half-time. Student employment programs give students the opportunity to earn money and gain experience through on-campus, or off-campus community service jobs.
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Students are notified of their eligibility for institutional scholarships and grants at the time of admission. Students must meet minimum academic and enrollment requirements to continue receiving the awards through graduation. Students should refer to their scholarship offer letter or contact their Admissions Counselor for more detailed information.
