Financial Assistance
Types of financial assistance typically available in the United States.
Academic Assistantship
Paid employment in which students receive tuition or other reimbursement for the tasks they perform for faculty members, departments, and/or educational institutions.
Apprenticeship
Combination of on-the-job training and related instruction that meets standards in which workers learn the practical and theoretical aspects of a skilled occupation.
Co-Operative
Paid work experience utilized by approved career and technical education programs to combine classroom and on-the-job training and education which provides academic credit for structured job experience.
Department of Defense Tuition Assistance
Financial assistance provided to qualified active duty service members and their families for voluntary off-duty educational programs in support of professional and personal self-development goals.
Federal Grant
Financial subsidy, which doesn’t require repayment, based on meeting requirements determined by the Federal Government.
Federal Scholarship
Financial aid award, which doesn’t require repayment, from the Federal Government based on student achievement and other criteria for education.
Federal Subsidized Loan
Loan from the Federal Government that is based on financial needs of the student and is intended to offset costs related to education, living, and resources.
Federal Unsubsidized Loan
Loan from the Federal Government that does not require evidence of the financial needs of the student, and is intended to offset costs related to education, living, and resources.
Federal Work Study
Program funded by the Federal Government designed to provide part-time jobs for students to offset educational expenses.
General Financial Assistance
Types of financial assistance for students towards education, training, or related costs of pursuing a credential, program, or other resource.
Grant
Financial subsidy, which doesn’t require repayment, based on meeting requirements determined by the grantor.
Institutional Grant
Financial subsidy, including free or discounted tuition or other fees, which doesn’t require repayment, based on meeting requirements determined by an educational institution.
Institutional Loan
Loan from an educational institution that is intended to offset costs related to education, living, and resources.
Institutional Scholarship
Financial aid award, which doesn’t require repayment, from an educational institution based on student achievement and other criteria for education.
Internship
Time-limited work offered by an organization approved by a qualified institution to gain experience or satisfy requirements for another resource.
Loan
Financial aid that requires repayment with terms determined by the entity providing the loan.
Loan Forgiveness Program
Program that forgives the remaining balance on a loan after meeting certain requirements.
Military
Financial aid available to active duty service members, veterans, and/or their qualified family members.
Other Grant
Financial subsidy based on meeting requirements from one or more other sources.
Other Loan
Loan from one or more other sources that is intended to offset costs related to education, living, and resources.
Other On-Campus Work
Paid non-academic employment available for students on an educational institution’s campus.
Other Scholarship
Financial aid award, which doesn’t require repayment, from one or more other sources based on student achievement and other criteria.
Parent PLUS Loan
Loan from the Federal Government available to the parents of dependent students.
Pell Grant
Financial subsidy, which doesn’t require repayment, that the Federal Government provides based on the financial needs of the student.
Post 9-11 GI Bill
Financial assistance provided to qualified active duty service members, veterans, and qualified family members that is based on military service and intended to offset costs related to education, living, and resources.
Private Grant
Financial subsidy, which doesn’t require repayment, based on meeting requirements determined by a private entity, including employers.
Private Loan
Loan from a private entity, including employers, that is intended to offset costs related to education, living, and resources.
Private Scholarship
Financial aid award, which doesn’t require repayment, from a private entity, including employers, based on student achievement and other criteria for education.
Promise Program
Program for students in a given area, with minimal requirements, that pays for tuition without requiring repayment.
Scholarship
Financial aid award based on student achievement and other criteria for education that doesn’t require repayment.
State or Local Grant
Financial subsidy, which doesn’t require repayment, based on meeting requirements determined by a state, province, region, and/or local government.
State or Local Loan
Loan from a state, province, region, and/or local government that is intended to offset costs related to education, living, and resources.
State or Local Military Assistance
Financial aid provided by a state or local government to active duty service members, veterans, and/or qualified family members.
State or Local Scholarship
Financial aid award, which doesn’t require repayment, from a state, province, region, and/or local government based on student achievement and other criteria for education.
State or Local Work
Program funded by a state, province, region, and/or local government designed to provide work for students to offset educational expenses.
Stipend
A fixed sum of money paid for services or to defray expenses incurred through specific activities, which is typically distinct from wages or a salary.
Veteran Educational Assistance Program
Financial assistance provided to qualified active duty service members and veterans as a matching program that is intended to offset educational expenses.
Vocational Rehabilitation
Financial for veterans with a qualifying service-connected disability rating for training or education related to pursuit of a career or career-related resource.
Workforce Innovation and Opportunity Act (WIOA)
Financial aid established on behalf of a qualified participant with a training provider that is on the state's Eligible Training Provider List (ETPL).
Work-Based
Financial compensation for participating in work-based learning opportunities.