Types of Aid
Financial aid is money that helps you pay for college. Financial aid can be a combination of scholarships, grants, loans and work study.
- Scholarships and grants are “free money” that you do not need to repay.
- Loans need to be paid back when you enroll less than half-time or you graduate.
- 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 reviewed for all the types of financial aid that you are eligible for. Remember: 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. Students are not allowed to receive aid that exceeds their Cost of Attendance.
Cost of Attendance (COA)
- Expected Family Contribution (EFC)
= Financial Need
Federal School Code: 003661