Financial Aid (Scholarships, Grants & Work Study)
What is Financial Aid?
All colleges and universities offer financial aid. The amount of financial aid one can receive is dependent on a few factors.
- Financial situation
- Cost of tuition
- Your academic performance
- Your year in school and your enrolment status.
Financial aid helps students and their families by covering education expenses, such as tuition and fees, books and supplies.
Types of Financial Aid
There are two main types of scholarships that students may be eligible for: merit-based scholarships or needs-based scholarships.
- Merit-based scholarships award students for outstanding credentials. They award high-achieving students who excel in academics, arts and athletics. They do not take into account a student’s financial situation.
- Needs-based scholarships award students who have a financial need. Students qualify for needs-based scholarships based on their family’s income and financial constraints.
Both college grants and scholarships are forms of financial aid that students are not required to pay back. Both may require that a student maintain a certain GPA to receive the money each year (if the aid is renewable), and may require an annual application.
Fall 2021 - Financial Aid Timeline