WHAT IS FINANCIAL AID?
It's financial help for eligible students to pay for educational expenses at an eligible postsecondary school (e.g., college, vocational school, graduate school).

Student aid covers expenses such as tuition and fees, room and board, books and supplies, and transportation. Aid also can help pay for a computer and for dependent care.

There are four categories of student aid: grants, work-study, scholarships and loans.

  • Grants
    Grants are financial aid that doesn't have to be repaid (unless, for example, you withdraw from school and owe a refund)
  • Work-Study
    Work-Study allows you to earn money for your education
  • Scholarship
    A scholarship is an award of financial aid for a student to further education. Scholarships are awarded on various criteria usually reflecting the values and purposes of the donor or founder of the award.
  • Loans
    Loans allow you to borrow money for your education. You must repay your loans, with interest.
Click here for the Finanical Aid Process Diagram


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