Applications which are received by April 1 of each year have a better opportunity for awarding of formulated need. Applications received after April 1 are awarded on a funds available basis. Grants are financial aid monies that need not be repaid by the student. Federal and state grants are normally based on a student's financial need or academic merit. Scholarships are financial aid monies awarded to students on the basis of special ability or merit and do not need to be repaid by the student.
Loans are monies that students borrow to help pay their education costs.
In some cases, interest is not charged to students while they are attending college at least half time. Six months after graduation, repayment and interest charges begin. In other loans interest payment begins immediately. Employment opportunities are available to students to work at jobs on campus and in the community. Students may apply for financial aid from one or more of the sources mentioned below.