The University, based primarily upon guidelines established by statute, determines the amount of aid for which each individual is eligible. Also, one must be fully admitted to a program of study before they can receive financial assistance from the University. Tuition waivers do not have to be paid back and most grants do not have to be paid back. However, if you drop out you may have to pay back grants, whereas loans are to be paid back regardless of matriculation. Generally, repayment on loans begins six months after graduation or six months after the last semester attended.
Financial aid covers school related expenses.