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What is Financial Aid

Financial Aid is: 

  1. Scholarships - Free money – you don’t have to repay
  2. Grants - Free money – you don’t have to repay
  3. Loans - Money you borrow that you DO have to repay
  4. Student Employment - Part-time job you have to work, in order to earn the money

Financial Aid can come from the following sources:

  1. Federal - Money from the federal government
  2. State - Money from the State in which you reside, for example, money from the state of Connecticut for Connecticut residents
  3. Institutional - Money from the University - Merit (based on Academic performance) or "need-based" (based on the results of the FAFSA)
  4. Private - Money from private agencies, organizations, civic groups, high schools, religious groups, etc.
University of New Haven Financial Aid TV ad