Types of Aid


Grants - Grants are a form of financial aid, based on need, which you do not have to repay. Grants offered by the Federal Government are the Pell Grant and the Federal Supplemental Educational Opportunity Grant. New York State grant programs include the Tuition Assistance Program and the Aid for Part-Time Study Program.

Loans – Students and parents may borrow money to assist with their educational expenses. Funds can be borrowed through federal loan programs like the Federal Direct Student Loan and the Federal Parent Loan for Undergraduate Students (PLUS) or through lending institutions which offer Alternative Student Loans. Unlike grants, scholarships, and employment programs, loans must be repaid, with interest.

Work-Study - The Federal Work-Study Program provides funds to be awarded to students to earn through part-time employment on the college campus or through community service.

Scholarships – Scholarships are a form of financial aid which does not require repayment. Scholarships are typically funded by governmental agencies, private companies or organizations, community organizations, or educational institutions.

Alternative Educational Aid Programs – Financial assistance provided through Alternative Educational Aid Programs, such as AmeriCorps, New York State Volunteer Recruitment Service Scholarship, ROTC Programs, and the Montgomery GI Bill, typically requires a service commitment by the student.

mcc-web02.monroecc.edu