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Need-based financial aid is available
after both parent and student resources have been used.
70% of need-based aid is federal,
made available through grants, loans, and work-study programs.
Of this 70%:
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60% is loans |
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40% is grants |
The remaining 30% of need-based aid
breaks down as follows:
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20% is college aid: scholarships,
grants and loans |
|
10% is state and/or local grants and
loans |
Less than 5% of all money available for
need-based aid is 'outside scholarship' money - that is, not received
through any of the above-mentioned paths.
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