Types of Aid
Scholarships, grants, loans, and work-study employment are all considered financial aid.
- Loans & work-study employment – because loans must be repaid and student employment must be earned, they are sometimes referred to as “self-help.”
- Scholarships and grants – because these do not have to be repaid, they are sometimes referred to as “gift aid.”
Typically, applicants are offered a financial aid package consisting of a combination of awards from various types of aid programs.