Types of aid Distance Education Distance Education students, step number 1 About Aid (currently selected) Distance Education students, step number 2 Apply for Aid Distance Education students, step number 3 Accept Aid Distance Education students, step number 4 Manage Aid
Distance Education About Aid Types of aid Print Email File the FAFSA New 2024-25 FAFSA ScholarshipUniverse Types of aid Scholarships Grants Loans Private loans Cost of attendance Glossary of financial aid terms Resources Your financial aid package may include one or more of the following types of aid. Scholarships A scholarship is financial aid that does not have to be paid back. Scholarships have differing eligibility criteria and deadlines. Grants A grant is financial aid that does not have to be paid back. Grants can come from federal, state or university funds. Loans Loans are financial aid that can be accepted and must be paid back within a specified period of time after a student graduates, leaves college or falls below half-time enrollment. Private loans Private loans are designed to assist students and their families meet the cost of attendance not met by other types of financial aid or personal resources.
Scholarships A scholarship is financial aid that does not have to be paid back. Scholarships have differing eligibility criteria and deadlines.
Grants A grant is financial aid that does not have to be paid back. Grants can come from federal, state or university funds.
Loans Loans are financial aid that can be accepted and must be paid back within a specified period of time after a student graduates, leaves college or falls below half-time enrollment.
Private loans Private loans are designed to assist students and their families meet the cost of attendance not met by other types of financial aid or personal resources.