Types of Aid
Types of Aid
There is a multitude of aid offered that a student can qualify for to make their college experience more cost efficient. The Office of Financial Aid is here to serve you and to make sure that you are educated and knowledgeable about all your options.
A Scholarship is a form of financial assistance that does not need to be repaid. Scholarships are awarded at the time of admission and its based on academic achievements. There are various scholarships available to our students.
A Grant is a form of financial assistance that does not need to be repaid. There are several types of grants available to many of our students.
A Loan is a form of financial assistance that requires repayment. Repayment of principal typically begins six months after the student′s educational experience has ended. There are several types of loans available to our students.
Most federal student aid is need-based, taking into account an expected family contribution (EFC). Need-based financial aid comes in three basic types:
- Grants and scholarships (Gift Aid), which are considered gift aid and generally don't have to be paid back (sometimes a repayment is required if a student withdraws);
- Work-study (Self Help), which is money that you earn by working part-time while in school; and
- Loans (Self Help), which are funds that you (or your parent) borrow and must be paid back, usually after you leave school.
Find out about the eligibility requirements and if you qualify for state aid.
Find out about eligibility for federal work study for students, how to find work study jobs and more.
Additional Types of Aid
Additional types of aid are available to many Trine students, including tax credits, military/veteran benefits (from our School of Professional Studies), and more.