Financial aid generally falls into two categories: gifts or self-help. Gift aid are scholarships and grants given to students and do not need to be repaid. Self-help aid includes loans that need to be repaid or work study that is earned.

Federal Work-Study

The FWS Program provides funds for part-time employment to help needy students to finance the costs of postsecondary education. Hourly wages must not be less than the federal minimum wage.

Scholarships

Scholarships do not require repayment. These can be awarded based on merit but also can be awarded based on financial need. Criteria such as academic achievement or athletic ability may apply. Please view our scholarships page for more information.

Grants

Like scholarships, grants do not require repayment.

  • Federal Pell Grants are awarded to any student filing a FAFSA who meets financial need and eligibility criteria as outlined through a federal formula.
  • The Federal Supplemental Educational Opportunity Grant (SEOG) is a program that provides additional financial aid. Grants are usually awarded first to Pell Grant eligible applicants, then on a first-come, first-served basis. So make sure you apply early. Special grant programs are available to veterans or special need students.

Educational Loans

Loans are legal obligations that must be repaid. We encourage students to exhaust all other sources of aid first. Always remember to borrow only what you need.

  • Subsidized Federal Stafford Loans are low interest, variable-rate loans. Eligibility is based on need determined by filing a FAFSA form. Repayment is deferred, and the government pays interest while you’re enrolled at least half time.
  • Unsubsidized Federal Stafford Loans are not based on need. Repayment is deferred while you’re in school at least half time and for 6 months afterward, but interest accrues and is added to your principal amount, increasing the amount of your loan cost. Students do have the option to pay interest during school to avoid increased costs associated with capitalization (accrued interest added to principal).
  • Federal PLUS Loans are low interest loans available to parents of dependent students who are enrolled at least half-time.

For more information regarding types of student aid we encourage parents and students to visit the Federal Student Aid website.