You may qualify for one or more of the federal or state grants listed as part of your need-based financial aid award. Explore the four types of grants available (PELL, SEOG, NOG and TEACH).
Student loans, unlike grants and work-study, are borrowed money and must be repaid, with interest, just like car loans and mortgages. Loans are legal obligations, so before you take out a student loan, think about the amount you’ll have to repay over the years.
Student loans are provided at low interest rates and are available to most students. You must complete the FAFSA (Free Application for Federal Student Aid) to determine which loans you qualify for. Depending upon the specific loan program, repayment may begin while the student is still enrolled, or after the student leaves school or drops below half-time enrollment.
The Federal Work-Study (FWS) program provides job opportunities for undergraduate students to earn money to help offset educational expenses for the academic year. These funds are awarded by the college based on financial need and availability of funds. You must complete the FAFSA (Free Application for Federal Student Aid) to determine if you qualify. A variety of positions are available, including some involving community service.
Scholarships like grants are funds that do not require repayment. Wayne State College offers a wide array of scholarships to graduating high school seniors and current and transfer students.