Financial aid based on income, often referred to as need-based aid, is financial support provided to students whose families demonstrate financial need. This type of aid aims to make education accessible to those who might not afford it otherwise.
Need-based aid can include grants, which do not need to be repaid, and subsidized loans, which typically have lower interest rates and deferred repayment options. These are obtained through financial aid applications, which are typically separate from college admissions forms.
Financial Aid
Scholarships
Scholarships are financial award, that does not need to be repaid, to help pay for your studies. Scholarships can be:​
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Merit-Based Scholarships: Awarded based on academic, achievements.
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Need-Based Scholarships: Given to students based on their financial need.
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Creative and Performance Scholarships: For students excelling in arts, music, or other creative fields.
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Athletic Scholarships: Awarded to students with exceptional skills in sports.
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Student-Specific Scholarships: Targeted towards specific groups such as minorities, women, or first-generation students
Work-study programs
Work-study programs offer financial aid in exchange for part-time employment, often on campus or related to the student’s field of study. These programs provide income to help cover educational expenses and offer valuable work experience.
Eligibility is usually based on financial need. These programs usually reduce tuition costs in exchange for the work or directly pay the student.