A form of financial assistance that does not require repayment and may be awarded based on merit, financial need, or a combination of both merit and need. Scholarships can come from different sources and have various awarding criteria.
A type of aid that must be repaid. Students and parents both may borrow loans to help cover college costs. The type and amount of loan for which a student is eligible depends on the student's financial need, class level, and previous borrowing history.
Federal Work-Study (FWS) enables eligible students to acquire work-study jobs, the wages for which are largely funded by the federal government. FWS recipients find their own jobs, either on campus or in the community.