Types of Financial Aid
Types of Financial Aid
There are several types of financial aid funds available:
- Grant Aid awards are based solely on financial need.
- Loan Aid awards are offered at a low interest rate which must be repaid after the student leaves college or drops below half-time enrollment.
- Work Aid is available through part-time jobs in which earnings are used for college expenses.
There are also many types of scholarships available to Baker College students:
- Scholarship Aid is usually awarded based on academic excellence and not necessarily financial need.
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