Types of Financial Aid

Financial aid is one of the avenues students use to pay for college tuition and related expenses. There are many different types of financial aid. Apply for financial aid.

Grants are a form of financial aid that do not have to be paid back and are mainly awarded to students who are in need of financial help.

There are several types of loan programs. Eligibility is determined by your school’s financial aid office from information provided on the Free Application for Federal Student Aid (FAFSA).

A scholarship is a type of financial aid provided to a student based on academic achievements, financial need, or on other factors. Scholarships do not have to be repaid.

Tuition waivers are non-cash scholarships. The Montana University System offers various waivers to students who meet specific criteria. If you are eligible, your tuition is waived. Waivers, however, do not cover registration, mandatory, class or other miscellaneous fees.

The Department of Veterans Affairs administers a variety of education benefit programs. Many Veterans and active duty personnel can qualify for more than one education benefits program.

Work study is a federal program in which students work at a job available on their campus and earn a wage.