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