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What is Financial Aid?

If you need help paying for college or a career school (and the vast majority of students do), the office of Federal Student Aid can assist you in getting the money you need to attend school. Learn about grants, scholarships, loans, and work-study jobs and how they can help fund your education.

There are four types of student financial aid:

  • Grants — This type of financial aid does not have to be repaid (unless you leave school and then owe a refund).
  • Scholarships — These are granted by nonprofit organizations, foundations, and businesses. Scholarships are based on your personal history, merit, and area of study. They do not have to be repaid.
  • Loans — This is money for school that you borrow. Loans almost always have to be repaid with interest, usually after you graduate.
  • Work-Study — This is money you earn by working in a job that qualifies for work-study. Your college or university will help you coordinate your work-study arrangement. Most work-study jobs are on campus.


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