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.

Listed below are other topics of information you may be interested in:

The Baker College System
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