Types of Financial Aid: Know Your Options

There are several types of financial aid:

Free money that doesn’t have to be repaid

• Scholarships
• Grants

Low-cost money you don't repay until after college

• Student loans

Money you earn

• Work Study

While student loans are the most common type of financial aid, it doesn’t take a Ph.D. to see that free money is your best option. Start by investigating scholarship and grant opportunities—as well as work study programs—first.

	Quick Links: » Scholarships » Grants » Student Loans » Work Study

	Financial Aid Advisor » Financial Aid Advisor: The Guided Tour » First Step: Completing The FAFSA » The Financial Aid Calendar » The Financial Aid Process » Know Your Options

	Related Terms » Financial Aid » College Financial Aid » Student Financial Aid