Admissions & Aid

What Are the Differences Between a Grant, a Work Study Job, and a Loan?

 

  • A Grant is money that does not need to be paid back.

  • A Federal Work Study (FWS) award is money that does not need to be paid back. You must work to access funds.

  • A Loan is money that you (or your parents) borrow from a bank. These funds need to be repaid.