Types of Aid

•  Loans •  Scholarships Loans are borrowed funds that have to be repaid with interest. Scholarships are gift (free) money usually given based on academic merit or some special talent. •  Grants •  Veterans Benefits Grants are gift (free) money, which are usually given on the basis financial need. Veterans benefits may be available for veterans, reservists, and dependents or spouses of veterans. •  Other Benefits Other benefits available for students and families include work study programs, tax credits and college-savings programs.