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Types of Financial Aid

 

 

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

 

1Gift 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.

 

 

2Work-Study

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

 

 

 

 

3Direct 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.