Financial aid helps make higher education possible for most Minnesota students. It comes from many sources and supplements what students and their families can afford to pay. You need to re-apply each year.
Financial aid for college students and their families comes in these main forms:
Grants are usually need-based, with need determined when students fill out the Free Application for Federal Student Aid form (FAFSA). Examples include the Federal Pell Grant and Minnesota State Grant.
Scholarships are financial aid that does not have to be paid back. They are awarded based on merit and/or need and may awarded according to some criteria such as academic or athletic achievement, cultural or religious background, service, etc.
Low-interest educational loans which must be repaid, are available from government and private lenders.
The state work study program provides part-time on- or off-campus jobs to help students cover the cost of their education. Learn more from the Minnesota Office of Higher Education.
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