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    Types of Financial Aid

Types of Financial Aid

Student aid includes:

  • Grants: financial aid that doesn’t have to be repaid (unless, for example, you withdraw from school and owe a refund)
  • Scholarships: financial aid that doesn't have to be repaid (unless, for example, you withdraw from school and owe a refund). These typically come from foundations, organizations, businesses, FSU, etc.
  • Loans: borrowed money for college or career school; you must repay your loans, with interest
  • Work-Study: a work program through which you earn money to help you pay for school

Aid and Other Resources from the Federal Government

The federal government offers a number of financial aid programs. Besides aid from the U.S. Department of Education (discussed below), you also might get

The U.S. Department of Education awards about $150 billion a year in grants, work-study funds, and low-interest loans to more than 15 million students. Federal student aid covers such expenses as tuition and fees, room and board, books and supplies, and transportation. Aid also can help pay for other related expenses, such as a computer and dependent care. Thousands of schools across the country participate in the federal student aid programs; ask the schools you’re interested in whether they do!

Check out this video to learn about federal aid and how it can help fund your education.

Apply for federal student aid using the FAFSA. And remember, the first F in “FAFSA” stands for “free”—you shouldn’t pay to fill out the FAFSA!

Aid from Florida State University & Other Organizations

Visit CARE’s Scholarship site for information on grants and scholarship opportunities from FSU and other external sources!