Types of Financial Aid
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Financial aid is any type of assistance used to pay college costs.
- Grants do not need to be repaid and are available through federal
and state governments, state agencies, and individual colleges.
- Scholarships do not need to be repaid and are awarded based upon
criteria established by the donor.
- Student Loans must be repaid, which are low-interest loans sponsored
by the federal government.
- Work Study is a federal program which provides students with part-time
employment to help meet their financial needs while giving them work experience
in their campuses or community.
Apply for Financial Aid
Apply online with the OSAC Scholarship Application
Fill out the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov.
To learn more about the terms used in college financial planning, check out our
Financial Aid Glossary.