Types of Financial Aid Funds


Grants

Grants are aid that can be issued to a student by the school itself, private sources, federal and/or state agencies. These funds are to provide assistance for paying costs associated with college. These funds do not need to be paid back by the student. More information

Types of Grants available through B-CU:


Scholarships

A scholarship is an award of financial aid for a student to further their education. Scholarships can be awarded based upon requirements set by the founder or donor of the scholarship. Scholarship money is not required to be paid back by the student. More information


Federal Loans

A federal student loan, made through the William D. Ford Federal Direct Loan Program, for which eligible students and parents borrow directly from the U.S. Department of Education at participating schools. Direct Subsidized Loans, Direct Unsubsidized Loans, Direct PLUS Loans and Direct Consolidation Loans are types of Direct Loans. Federal loans are educational aid that must be repaid when a student no longer attends school, enrolls in less than half time, or graduates from school. More information

Types of federal loans available through B-CU:


Work Study

A Federally funded program that assists students with the cost of tuition. This allows students to earn aid through working as a part-time employee. This is managed through the Undergraduate Fellows Program. More information