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Types of Financial Aid

Admissions > Types of Financial Aid

Types of Financial Aid

Scholarships - Usually based on merit or special talents, these funds do not have to be repaid. Please check with each college to obtain application and deadline information, if applicable.

Grants - grants are usually need-based funds that do not have to be repaid.

Work - Work study is a job on your college campus. Students receive paychecks for the hours worked as they would in any other job.

Loans - These funds must be repaid, usually after graduation. Specific information about the various loan programs is listed on this site.


Sources of Financial Aid for 2009-10

Financial assistance (based on need) is awarded to students as follows:

Undergraduate Students

Grants (gift money that does not need to be repaid)

  • Federal Pell Grants
  • State Grants 
  • Supplemental Education Opportunity Grants (SEOG)
  • Walsh University Grants and Scholarships
  • PHEAA Grant for PA residents (students receive a partial grant)

Loans (money that must be repaid)

  • Federal Direct Loans (subsidized and unsubsidized)
  • Federal Perkins Loans 
  • Direct Parent Loan (PLUS)
  • Supplemental Loans

Student Work

  • Federal College Work Study
  • Campus Service