Paying for College
Types of Aid
Grants are often based on financial need and generally do not have to be repaid.
Scholarships are often based on some kind of special achievement: academic, athletic, or service. They generally do not need to be repaid.
Student loans are borrowed from the government or school and must be repaid.
Conversion scholarship/grants require you to provide certain services for a period of time, such as work in a low-income area. If you don’t, you must repay the money with interest.
Work study is part-time employment that lets you earn money while taking classes. Your job may be on or off campus.
Tuition waivers eliminate some costs for students who meet certain qualifications.