Types of Financial Aid

Three forms of financial aid are available:

• Grants and Scholarships are gift aid which are not required to repaid
• Loans are borrowed money and must be repaid, they are subject to terms, and usually require interest payments in addition to repayment of principal amount
• Employment, which involves a job, usually within the University

A student may be offered financial aid in any of the provided forms, or in a combination, referred to as a “package.”