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GRANTS
Grants are awarded based solely on financial need and have no requirement of repayment. They may come from the Federal government, the state or the University
Grants are awarded based solely on financial need and have no requirement of repayment. They may come from the Federal government, the state or the University
SCHOLARSHIPS
Scholarships are awarded based on academic achievement or special talent. For many University scholarships, financial need is an additional criterion of eligibility. There is no requirement of repayment.
LOANS
Loans are low interest awards that must be repaid after students graduate or terminate their studies at the University.
FEDERAL WORK-STUDY
Work study is awarded based upon the financial need of the student. The Federal Work-Study Program offers on-campus part-time work experience for undergraduate and graduate students demonstrating financial need through the FAFSA. Students earn money for personal expenses, however, earnings cannot apply to semester bills.
Penn State has a solution to student concerns about federal student loan availability.
For more information about how studens will receive federal loans next year, please visit Penn State Live.
Penn state reassures students that federal and state grants will not be affected by recent stories about availability of federal loan funding.
