There are three primary types of financial aid:
- Gifts, which is also known as gift aid, often represented by scholarships and grants;
- Loans, representing an obligation to repay (with interest) funds borrowed for educational expenses;
- Employment, representing work opportunities where earnings are used towards educational expenses.
Financing, while not necessarily a type of financial aid, represents unique options to consider in covering educational expenses.
Use the links below to access more details on each of these types of aid: