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Types of Financial Aid


Financial aid for credit students may be categorized into three types:



  Gift Aid

Gift aid includes grants and scholarships that you are not required to repay.  Grants are awarded on a need basis, while scholarships are awarded based on merit rather than financial need.





Work-Study is an award that must be earned through employment. 






  Direct Loans

Direct Loans are low-interest loans to help pay for the cost of your education. A loan is money that you borrow and must repay with interest.





Other Sources of Financial Assistance: