Types of Financial Aid

Below is an overview of financial aid awarded to students. For more details, click the type of aid in the left column.

Types of Financial Aid
TypeDetailsRepayment Required?Award CriteriaAdditional Application?
GrantsState or federal money that is considered gift aid.No, unless you fail to complete attempted classes.Varies, must show greatest financial need.No, but other forms may be requested.
LoansMoney you borrow from government or private lenders.Yes, plus interest.Must be within loan debt limits.Yes, an online loan student request.
ScholarshipsGift aid awarded to students by the ACC Foundation or outside groups. Funding is limited.No, unless you fail to complete attempted classes.Varies, may consider GPA, financial need, college major, or other factors.Yes, a scholarship application.
Work StudyPart-time work at competitive wages. Funding is limited.No.Must show financial need.No, but other forms may be requested.
Other assistanceIncludes tuition exemptions, military assistance, and emergency funds.VariesVaries