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.