Types of Financial Aid

There are many different types of financial aid, and choosing the right type can be confusing. This section will explain some of the most common kinds of student financial aid.


Rhodes Scholarships pay for post-graduate work at the University of Oxford. But this prestigious scholarship isn't just for students who spend all day in the library. Athletes tend to do well, too.

The Fulbright Scholarship helps students pursue research abroad in hopes of boosting international understanding. How can you apply for this scholarship, and what costs does it cover?

Most people know how to apply for federal financial aid, but navigating the world of state-based financial aid is a bit murkier. It's worth the effort, though.

Postdoctoral research, also called a postdoc, is an option for people who have earned a Ph.D. Traditionally, they're a way for young scientists to gain more in-depth training in their field and to supply research institutions with inexpensive labor.

Do you need some help financing your college education? Stafford loans are federal student loans designed to supplement scholarships, grants, work-study jobs and family resources to help meet the cost of tuition, fees, room and board.

College is expensive, but students don't have to shoulder that financial burden alone. In fact, parents can contribute to their child's undergraduate expenses by applying for a PLUS loan.

Georgia started its HOPE Scholarship Program to reward academic achievement and retain in-state talent, and some other states now have similar programs. What does it take to get a HOPE Scholarship and keep it throughout college?

The Reserve Officers' Training Corps (ROTC) helps students cover college costs while getting military training. How do you know if you're eligible for ROTC, and what service commitments are required?

Before you can even begin to tackle all the challenges college has in store, you first have to figure out how to pay for it. That's where financial aid can come in handy. But what's the difference between loans and grants, and which is right for you?

As the average cost of tuition for college education gets more expensive, many students remain concerned about paying the price. Luckily, the U.S. government offers a wide variety of financial aid organizations to prospective students in need.

As it gets increasingly difficult for students to pay for college, it helps to know every possible option for financial aid. If your need is exceptional, you can consider a Federal Supplemental Educational Opportunity Grant, which helps out with expenses not covered by other grants or loans.

If you'd like to link your interest in law with your interest in the environment, you might consider a joint degree. But you'll need to jump through some hoops to finance it.

Private grants are a great way to help you finance your education, but how do you find them? Is there anything special you have to do to qualify for these unusual financial gifts?

Of the many ways to get financial aid while paying for school, work-study programs offer more than just a dollar amount. They can also give students real work experience alongside an hourly wage that can go toward tuition.

Paying for college can be stressful for many students. Even getting loans can be hard, since you'll have to pay them back with interest. Direct loans, however, are low-interest loans funded by the U.S. government.

As the first federal student loan, Perkins Loans help those with financial need afford college. How does this loan compare with others, and how did the Russian space program prompt its creation?

Federal and local governments offer a number of grants to help college students pay for their education. Are public grants easier to get than private grants? What do you need to do to qualify and apply?

As confidence in the economy wavers, many people are looking for a way to become more marketable to employers. Business school degree is a logical step, but an MBA can come with a steep price tag. What financial aid opportunities are available for business graduate students?

Dental school isn't cheap. On top of tuition, books and other educational expenses, many students must pay for their own instruments. How do dental school students find financial aid to help them out?

Incomes in the six figures help most lawyers chuckle through bad law jokes no problem. But actually paying for law school is no laughing matter. If you're determined to become a lawyer, how do you do it?

Members of AmeriCorps, a federally funded service program, have a chance to use financial aid toward higher education. How can you use the award once you've finished your term?

For single parents, going back to school can seem practically impossible. What types of "free" scholarships and grants exist for single parents, and how can you find them?

Giving back your time through community or public service work might do more than benefit your neighborhood -- you could earn financial benefits. What opportunities are available for people in your stage of life?

Studying abroad can be one of the most rewarding experiences in a person's life -- too bad it costs a fortune. How can scholarships and grants help you explore other countries, cultures and people all while studying for college credit?

The United States government has several programs in place to assist veterans seeking higher education. All these ex-soldiers have to do is apply and meet certain criteria.