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  Types of Financial Aid
Financial aid is awarded in the forms of:

  Scholarships are considered gift aid (FREE money). This money does not have to be repaid. Some scholarships are awarded on a one-time basis, while others are renewable. Renewable scholarships may be guaranteed for a student's entire undergraduate or graduate study. However, the scholarship recipient must abide by the scholarship provider’s rules and guidelines to remain eligible for the scholarship. Learn more about scholarships categories.

  Grants are considered gift aid and do not have to be repaid. Usually, grants are awarded on a one-time basis often based on financial need. However, some grants are renewable as long as there are available funds and the student remains eligible by following the grant provider’s rules and guidelines. Learn more about grant providers.

  Fellowships are considered gift aid and do not have to be repaid. Fellowships are highly competitive with a typical one or two year commitment. Fellowships are usually awarded to graduate students for post-graduate study, research, special employment experiences, special projects, enrollment at a specific school, certain career fields, and more. Typically, a fellowship will pay for the student’s tuition, fees, room & board, books and supplies, etc. Most fellowships will also provide students with a monthly stipend for living expenses.

  Assistantships are considered self-help aid. They offer graduate students the opportunity to perform teaching and/or research duties in which they are given a full or partial tuition waiver and a monthly stipend. Usually, there is a limit to the number of hours a student can work per week.

Work-Study Program (Student Employment)
  Work-study programs are considered self-help aid that is awarded on a first-come, first-serve basis to students usually based on financial need. The purpose of this program is to provide part-time employment to undergraduate and graduate students to help them earn money to pay for personal and educational expenses, during their enrollment in school. Learn more about the various work-study programs.

Educational Loans
  Educational Loans are considered self-help aid. A loan is borrowed money that must be repaid with interest. These loans are offered through a variety of sources such as: the Federal and State government, schools, employers, private lenders, banks, credit unions, and family members. Learn more about the various types of educational loans.

Note: Most students will use a combination of scholarships, grants, work-study, loans, and family contributions to finance their education. Students that have been convicted of drug distribution or possession, or other felonies may be ineligible for certain financial aid (i.e. Federal Aid).

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Educational Loans


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