Grants Scholarship
$5500 ( senior) $6625 ( year students) $10, 500 ( year students) $18, 500 (graduate) Federal PLUS loan Up to cost of education (for parents only) largest source of aid is the colleges and universities themselves. Almost all colleges make available funds, most of which are grants, scholarships, and fellowships. based.
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There are three types of aid—scholarships (also known as grants or gift aid), loans, and student employment (including fellowships and assistantships). Scholarships and grants are outright gifts and do not have to be repaid. Loans are borrowed money that must be repaid with interest, usually after graduation. Student employment provides jobs during the academic year for which students are paid. For graduate students, student employment also includes fellowships in which students work, receive free or reduced tuition, and are paid a stipend for living expenses.
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