Types of Financial Aid for Undergraduates
Undergraduate financial aid comes in the forms of grants, loans, or student employment, and can be funded through federal, state, institutional, or private organizations.
Merit-Based Scholarships
Merit-based scholarships are awards that are granted as part of the admission review process.
Grants
Grants are considered gift aid and do not need to be repaid.
Loans
Loans must be repaid and are usually offered with an extended repayment period.
Work Study
Work study is a work-to-earn program that is paid biweekly at an hourly rate.
Other Ways to Pay for College
Explore external scholarships, 529 plans, tax benefits, and more.