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Student Affairs Links :
Types of Financial Aid
Radford University offers a variety of aid programs to help students meet the cost of attending the institution. Often, a student's needs are met through a combination of programs known as a financial aid package. Such a package can include grants or scholarships, loans and work-study jobs on campus.
Grants are awarded on the basis of financial need and do not require repayment. Eligibility is determined by need.
Scholarships are awarded on a competitive basis and do not require repayment. Awards are based on such criteria as academic ability, achievement and promise. Financial need also is required for many, but not for all, scholarships.
Loans are often part of a financial aid package and provide students with the chance to defer the cost of their education. Interest rates on the loans vary, ranging from a fixed rate of three percent to a fixed rate of approximately 6 percent. Payment usually is deferred until after you complete your education or leave school. Not all loan programs require that financial need be demonstrated.
Work study programs offer eligible students opportunities to earn money to help pay living and education expenses while, at the same time, giving students a chance to gain work experience. The work-study jobs are in offices and departments on campus, and students can usually work in an area related to their course of study or interest.
Visit these pages for more detailed information on financial aid programs:
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