Types of Financial Aid
College is a worthwhile endeavor, but figuring out how to pay for it can be overwhelming. The cost of a college education includes tuition and fees, off-campus room and board, books and supplies, transportation, and other expenses. Fortunately, there are many types of financial aid available to help you pay for college. A good starting point to navigating the financial aid process is to learn about the types of financial aid that are available.
In general, financial aid may be available in the form of:
- grants: include work study; based on financial need and do not need to be repaid
- scholarships: based on academic merit and do not need to be repaid
- loans: borrowed money that needs to be paid back with interest
For detailed information and helpful videos, visit Central Piedmont Financial Aid Answers 24/7.