A financial aid award can be composed of different kinds of aid including grants, loans, scholarships and work-study coming from federal, state, university, and private resources.
Scholarships are awarded based on factors such as academic achievement, talent, athletic ability, field of study, and more.
Grants are given based on demonstrated financial need and generally don’t need to be repaid.
You can borrow funds in the form of loans to help pay for your educational expenses. Every financial aid award will include some type of loan.
Work-Study is based on financial need and is a way earn money toward your education by working.
Other types of aid include athletic grant-in-aid, children of soldiers, and more.