Financial Aid and Scholarships
Financial aid is money that helps you pay for the cost of your education (college fees, books and supplies, and basic living expenses). Sources of financial aid include the federal government, state governments, lending institutions, and the institution you are attending. You may or may not have to repay financial aid.
Scholarships are payments made to support a student's education and are awarded based on financial need, merit, or major. You are not required to repay a scholarship.