When you apply for need-based financial aid, you will most likely be considered for three basic kinds of assistance:

• Scholarships and Grants: This is gift aid. Scholarships and grants need not be repaid and can be based on financial need, merit, or both.
• Education Loans: You may qualify for a subsidized (need-based) or an unsubsidized (non need-based) low-interest loan that allows for more flexible repayment options.
• Student Employment: Many students take part-time jobs offered through the Federal Work-Study program or other campus employment opportunities.

While exploring ways to pay for your college education, you can also take advantage of tax credits and HMC’s payment options.

Last Updated: November 2011