This is called the expected family contribution. The student's financial need is then determined by subtracting the expected family contribution from the college costs for that year. Financial assistance includes aid based on demonstrated financial need as well as academic or co-curricular achievements. Instructions for doing so are outlined later in this brochure. They do not have to be repaid.
Scholarships can come from a variety of sources.
Grants - These are awarded based on need. These are low-interest loans borrowed by the student that must be paid back upon graduation or leaving the College. This program gives students the opportunity to earn money through working on campus. For a complete description of the types of financial assistance for which you may qualify, refer to list of scholarships, grants, and loans . This list will detail assistance available from both the federal and state governments as well as Augustana College.