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Types of Aid

 

Types of Financial Aid

Financial assistance for student educational expenses (see Cost of Attendance)

 

GRANTS

“Need-based” Federal and State financial (gift) aid that does not need to be repaid.

 

LOANS

“Need-based” and “non-need-based” funds that must be repaid with interest.

 

SCHOLARSHIPS

Form of “gift” aid awarded on merit, need or other standards which does not have to be repaid.

 

TUITION ASSISTANCE, STIPENDS AND OTHER TYPES OF AID