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

Grants Q&A

Scholarships

  • Do not need to be repaid
  • Typically funded by government agencies, private companies or foundations, community organizations or educational institutions

Scholarship Types

Work Study

  • Funds earned through part-time employment on the college campus or through community service

More About Work Study

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

Loans Q&A

Alternative Aid

  • Require a service commitment
  • Financial assistance provided through programs like AmeriCorps, ROTC and the Montgomery GI Bill®

Alternative Aid Details

Veteran Benefits

  • US Department of Veterans Affairs (VA) educational benefits
  • State veterans awards
  • Tuition assistance

Veterans Benefits Resources