UND financial aid is viewed as a supplement to family support. Most student aid is awarded on the basis of need. Types of Aid. Employment enables recipients to work and earn money. Loans are borrowed money which must be repaid with interest.
Scholarships are gifts awarded on the basis of academic performance and potential.
Grants are outright gifts of money which do not have to be repaid. Most financial aid recipients may expect to receive more than one of these types of aid. Student employment provides financial assistance and reduces students' loan indebtedness. There are several student employment programs which complement the students' learning and give the University the opportunity to utilize student skills. Federal Work-Study is a form of federal aid based on financial need, and is awarded to students as part of their total aid package.