For simplification reasons, there are five types of aid. They are Grants, Loans, Work, Scholarships, and Other programs. Grants are free money for students. The biggest grant program we offer is the Federal Pell Grant. Both grants are aimed at students with the highest levels of need for assistance.
Loans come in three main types.
They are the Federal Stafford Loan , the Federal Perkins Loan , and the Parent Loan . Stafford loans are available for all applying students, and are given by a bank through the school's certification of eligibility. The Perkins loan is a low interest loan aimed at the neediest students to help supplement other aid sources. The Parent loan is available for dependent students' parents to receive, and are available through local banks. FWS is made available to students who show enough need to qualify.