Types of Financial Aid
There are several kinds of financial aid resources available, including waivers, grants, work study and loans.
Waivers and grants do not have to be repaid; a waiver offsets a fee that you would normally have to pay and a grant is gift aid that you receive to pay for your college-related expenses, including cost of living needs.
Work-study is need-based employment that allows you to work on-campus or in certain off campus jobs and earn money while a student.
Loans are borrowed funds that you agree to repay after you graduate or stop attending at least half time. Students are encouraged to seek out other options first, including scholarships or borrowing from family and friends (if an option) before requesting a loan.