Financial Aid

What is Financial Aid?
Financial aid consists of funds from federal, state, college or university, and private organization sources. These funds come in the form of grants, scholarships, loans, and work-study employment.

Grants and scholarships are often referred to as "gift aid" because they typically do not have to be repaid, as long as all eligibility and use agreements are kept.

Loans do have to be repaid, though there may be "forgiveness" opportunities for some loans, and many loans can be deferred, meaning repayment would not start until one leaves school. Student loans are at a very favorable interest rate compared to other loans