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Financial Aid

Student aid can be defined as any resource that supplements what parents and students are expected to contribute to meet the costs of a college education. Penn State students receive four types of student aid: grants, scholarships, loans, and work-study.


Grants

Grants are awarded based solely on financial need and have no requirements of repayment. They may come from the federal government, the state, or the University.

Scholarships
Scholarships are awarded on academic achievement. For many University scholarships, financial need is an additional criterion of eligibility. There is no requirement for repayment.

Loans
Loans are low interest awards that must be repaid after students terminate their studies at the University.

Federal Work-Study
Work-study is awarded based upon the financial need of the student. Students can earn money towards their school expenses. Work-study earnings are not applied directly to your semester bill. Students receive a pay check.

 

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