Sources & Types of Aid

Financial Aid is considered any type of financial assistance a student receives for educational purposes whether it be from the federal and state governments or other sources. By filing a financial aid application, you are automatically considered for the following three basic types of aid such as:

• Grants – based on financial need and do not need to be repaid
• Work-study – based on financial need, must work on campus or in the community to earn aid
• Loans – several types available, interest rates vary depending on type, all funds must be repaid

Most need-based aid is awarded on a first-come first-served basis, which is why it is important to submit an application as early as possible. The financial aid applications open on October 1st each year for the next academic year. 

The Financial Aid Office verifies your eligibility for these funds and ensure that you are receiving the maximum amount of aid that you are eligible to receive. Eligibility is based on factors such as dependency status, citizenship status, residency status, academic program, class level, aid limits, and meeting satisfactory academic progress. The different types of aid come from several funding sources such as federal, state, institutional, and other as detailed below