What is financial Aid?
Financial Aid programs provide grants, loans, and work-study funds to students attending college or career school. These programs ensure that students and their families benefit from and receive federal assistance.
Different Types of Financial Aid
Grants
Grants are money you don’t have to repay and are usually based on your financial need.
Loans
Loans are money you borrow that you must pay back, usually with interest costs.
Scholarships
Scholarships are awards of financial aid for a student to further his or her education; these do not need to be repaid.
Different Types of Financial Aid
Grants
Grants are money you don’t have to repay and are usually based on your financial need.
Loans
Loans are money you borrow that you must pay back, usually with interest costs.
Scholarships
Scholarships are awards of financial aid for a student to further his or her education; these do not need to be repaid.
Understanding Financial Aid Awards
Salliemae offers an online tool helping families understand their Financial Aid Award letters, click here to view this resource.