Types of Aid
There are three main categories of financial aid: gift, borrowed, and resources (outside, external, private).
"Gift aid" is financial aid that usually does not need to be repaid.
Grants: Awarded based on financial need as determined by data students report on the Free Application for Federal Student Aid (FAFSA). Some grants also have a merit component.
Scholarships: Awarded based on criteria such as merit, financial need, leadership, service, submission of an application, or various other criteria.
Waivers: Type of aid that "waives" a portion of a student's institutional charges. May be awarded based on financial need, merit, submission of an application, or various other criteria.
Federal Work Study and Employment: Part-time employment opportunities for students. These funds are earned as paychecks as students work throughout the semester and do not apply directly to students' institutional charges (bill) as payment.
"Borrowed aid" is financial aid that has to be repaid.
Loans: Borrowed funds that must be repaid, usually with interest.
These are funds students receive to pay for educational expenses such as external or private scholarships or third-party sponsorships which may not be listed on a student's financial aid offer from the University. Notify us if you will receive financial assistance not listed on your financial aid offer. Additional resources may result in adjustments to other financial aid. Changes to the original aid offer will be viewable on a student's online Financial Aid Information (accessed via the WVU Portal).