Financial aid is money that helps you pay for college. Financial aid can be a combination of scholarships, grants, loans, and part-time work often referred to as work-study.
- Scholarships and grants are “free money” that you do not need to repay.
- Loans need to be paid back when you graduate or if you drop below half time.
- A part-time job can also help you pay for school and living expenses.
By submitting a financial aid application
and a scholarship application
, you are considered for all the types of financial aid that you may be eligible for. Each student is eligible for different kinds of financial aid. The types of financial aid you are offered is based on the data provided on your financial aid and/or scholarship application.
Financial aid is either need-based or non-need based. Financial need, and need-based aid eligibility, is determined by subtracting the EFC from the COA. Cost of Attendance (COA) minus Expected Family Contribution (EFC) equals Financial Need. Students are not allowed to receive aid that is more than their Cost of Attendance.