Penn State students receive four types of student aid: Grants, Scholarships, Loans and Work Study.
Grants are awarded based solely on financial need and have no requirement of repayment. They may come from the Federal government, the state or the university.
Scholarships are awarded on academic achievement. For many University scholarships, financial need is an additional criterion of eligibility. There is no requirement of repayment.
Loans are low interest awards that must be repaid after students terminate their studies at the University.
Work study is awarded based upon the financial need of the student. Students can earn money towards their school expenses. Work study earnings are not applied directly to your semester bill. Students receive a pay check.