Financial aid can help you pay for college. Financial aid includes a variety of sources. Below is a summary of the different types of financial aid. For more details, click the link in the “Aid Type” column.
|Aid Type||Description||Repayment Required?||Criteria||Application|
|Grants||State or federal money that is considered gift aid.||No, unless you fail to complete attempted classes.||Varies; must show financial need on the FAFSA or TASFA.||Complete the FAFSA or TASFA|
|Scholarships||Gift aid awarded to students by the ACC Foundation or outside groups.||No, unless you fail to complete attempted classes.||May consider grade point average (GPA), financial need, college major, or other factors.||Yes, a scholarship application|
|Work-Study||Part-time work at competitive wages.||No.||Must show financial need on the FAFSA or TASFA.||Complete the FAFSA or TASFA, & employer
|Federal Student Loans||Money borrowed through the U.S. Department of Education’s federal student loan program||Yes, plus interest.||Must be within loan debt limits and must complete the FAFSA.||Complete the FAFSA or TASFA & loan student request.|
|Private Student Loans||Typically issued by a financial institution, (as opposed to federal student loans, which are offered by the government).||Yes, plus interest.||Varies, most require a credit-check.||Yes, check with the financial institution.|