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Financial Aid

 

What is Financial Aid?

There are 4 types of financial aid:

  1. Grants are free money awarded based on your need. There are federal grants such as the Pell Grant and state grants such as the Cal Grant.
  2. Federal Work Study allows students to earn money while they are in school. This is not money that is given to you up front, you have to earn it at a job. Usually the job is part time and on campus.
  3. Loans are money that students can borrow to help pay for college. Like any other loan, these have to be paid back, sometimes with interest.
  4. Scholarships are free money that are awarded based on specific requirements. You generally have to submit an application to receive a scholarship.