Types of Aid
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 buttons below to access more details on each of these types of aid.
Also, see How Financial Aid Works for more information about aid procedures.
