援助的种类

在申请经济援助时, there are various types of aid that students may be eligible to receive: grants, 奖学金, 贷款, 工作学习. There are differences between each type of aid and it is important to consider these differences when reviewing your financial aid awards.

贷款

Student 贷款 are a form of financial aid that has to be paid back, usually with interest. Not all 贷款 are created equal – federal 贷款 are typically preferable to alternative 贷款. It is important to consider the interest rate, 费用, and repayment terms prior to agreeing to borrow any type of student loan.

工作研究

The work study program offers students an opportunity to work part-time while they are enrolled. 如果学生被授予勤工俭学, it is important to note that this does NOT get applied to the bill. 学生 earn a paycheck for the hours they work which they can then use to help alleviate some of the day-to-day costs of attending college.

奖学金

In addition to receiving need-based awards, students may also qualify for 奖学金. Like grants, 奖学金 are awards that do not need to be paid back. However, unlike grants, 奖学金 are awarded based on academic achievement.

其他融资选择

In addition to the types of aid highlighted above, there are alternative financing options students and their families can consider to help pay for educational costs.