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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?
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. Varies Varies  
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