Learn what’s what when it comes to financial aid.
Want to know more about all the types of financial aid at Monroe Community College? Here’s a brief summary of the differences between grants, scholarships, work-study programs, loans, service-oriented programs and veterans benefits.
And remember, whether you plan to attend full-time or part-time, be sure to apply for financial aid as early as possible, as timing is critical. Learn more about each type of financial aid by visiting the sections listed below.
Grants
- Based on need
- Do not need to be repaid
- Grants offered by the federal government:
- Pell Grant
- Federal Supplemental Educational Opportunity Grant
- New York State grant programs:
- Tuition Assistance Program (TAP)
- Aid for Part-Time Study (APTS) program
Scholarships
- Do not need to be repaid
- Typically funded by government agencies, private companies or foundations, community organizations or educational institutions
Work Study
- Funds earned through part-time employment on the college campus or through community service
Loans
- Must be repaid with interest
- Money borrowed through federal loan programs or lending institutions:
- Federal Direct Student Loan
- Federal Parent Loan for Undergraduate Students (PLUS)
- Alternative student loans
Alternative Aid
- Require a service commitment
- Financial assistance provided through programs like AmeriCorps, ROTC and the Montgomery GI Bill®
Veteran Benefits
- US Department of Veterans Affairs (VA) educational benefits
- State veterans awards
- Tuition assistance