{"id":27,"date":"2021-06-10T14:36:45","date_gmt":"2021-06-10T14:36:45","guid":{"rendered":"https:\/\/www.purdue.edu\/dfa\/?page_id=27"},"modified":"2026-03-09T18:53:37","modified_gmt":"2026-03-09T18:53:37","slug":"aid","status":"publish","type":"page","link":"https:\/\/www.purdue.edu\/dfa\/aid\/","title":{"rendered":"Types of Aid"},"content":{"rendered":"\n
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Types of Aid<\/h1>\n \n
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Pursuing a college education is a significant investment, and understanding how to cover the costs can be challenging. We\u2019re here to help break down the types of aid available to help you in the pursuit of your next giant leap.<\/p>\n\n <\/div>\n \n\n\n\n\n\n\n\n\n\n <\/div>\n <\/div>\n <\/div>\n\n

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Types of Aid<\/h2>\n\n\n\n

There are many types of aid available to help make college more affordable:\u202f<\/p>\n\n <\/div>\n<\/div>\n\n

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Grants<\/a><\/div>\n <\/div>\n<\/div>\n\n\n\n

Grants are a type of gift aid \u2014 money you do not have to pay back! These can be awarded based on financial need and academic performance. When you complete the Free Application for Federal Student Aid (FAFSA), you are automatically considered for grants.<\/p>\n<\/div>\n\n\n\n

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Scholarships<\/a><\/div>\n <\/div>\n<\/div>\n\n\n\n

Scholarships are another type of gift aid, which does not need to be paid back. These can be awarded based on merit, financial
need or application to a specific scholarship.<\/p>\n<\/div>\n\n\n\n

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Loans<\/a><\/div>\n <\/div>\n<\/div>\n\n\n\n

Educational loans can offer you and your family a way to meet college costs while spreading these costs over an extended repayment period.<\/p>\n<\/div>\n\n\n\n

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Federal Work-Study<\/a><\/div>\n <\/div>\n<\/div>\n\n\n\n

Federal Work-Study (FWS) is awarded based on demonstrated need from the FAFSA submitted by a student. This funding is available to students seeking their first bachelor\u2019s degree. The FWS program is designed so that the government and your qualified employer share in paying your wages.<\/p>\n<\/div>\n<\/div>\n\n <\/div>\n<\/div>\n\n

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What can aid be used for?  <\/h2>\n\n\n\n

The amount of financial aid that you are offered is based on your estimated cost of attendance<\/a>. This amount is calculated based on the price of:  <\/p>\n\n\n\n