Types of Financial Aid

Friends walking at Dead River FallsThere are two types of financial aid: need-based aid and merit-based aid.

Need-based aid:
The basic principle of need-based financial aid is that you and your family are expected to contribute as much as is reasonably possible to pay for your education. The expected family contribution is determined by the information you provide on the Free Application for Federal Student Aid (FAFSA). This is a form that you and your family first fill out when you apply to college. Your financial need is calculated by subtracting the expected family contribution from the total cost of your education.

Merit-based aid:
Merit-based financial aid is made up of scholarships you can qualify for through good grades in high school,  high scores on standardized tests and through other achievements. You don't need to repay scholarships.

Students can also get grants, also free money you don't have to pay back. Grants come from a variety of sources and they are given for a lot of different reasons. Your school guidance office can offer you more information about where to find out about available scholarships.

We are prepared to assist you in meeting your financial need by awarding grants, scholarships, employment or low-interest loans.