Financial assistance falls into three basic categories:
- Grants and scholarships: No repayment. Grants based on need. Scholarships based on student’s academic performance or special talents.
- Loans: Typically low interest with repayment after the student graduates or ceases at least half time enrollment (student must be enrolled in 6 credits or more).
- Employment (Work-Study): Student works an on- or off-campus job where the number of hours they work are paid on a biweekly basis.