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Types of Financial Aid

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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
Type/detailsRepayment Required?Award CriteriaAdditional Application?
Grants
State 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.
Loans
Money you borrow from government or private lenders.
Yes, plus interest.Must be within loan debt limits.Yes, a student loan request form.
Scholarships
Gift 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 Study
Part-time work at competitive wages. Funding is limited.
No.Must show financial need.No, but other forms may be requested.
Other assistance
Includes tuition exemptions, military assistance, and emergency funds.
VariesVaries 
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