Types of Financial Aid
for Undergraduate Students

Gift Aid

Gift aid is free money that is given to a student based on his/her academic record, a special talent (i.e. music, etc.) or the family's economic situation. Gift aid generally comes in two forms: Grants and Scholarships. The most common sources for gift aid are:

Loan Programs

Loans are available for both students and for parents. There are two forms of student loans—government guaranteed loans and private loans that require a co-signer. The government guaranteed loans arecalled Federal Direct Subsidized and Federal Direct Unsubsidized Loans. Limits are placed on how much students can borrow based on their year in school. These loans are long-term loans with no repayment while the student is in school. Any student who files the FAFSA is eligible to receive this loan regardless of their economic situation. Alternative loans are student loans that typically require a co-signer and are taken out through a bank. Terms vary based on the bank that is used.

Federal Parent loans (PLUS) are long-term low-interest loans. Repayment generally begins 60 days after the second disbursement. Flexible payment options are available through most lenders.

Learn more about loan programs for attending Carroll University.

Campus Employment

A student may be offered campus employment. At Carroll, if employment is included in the award then we will make every effort to make sure that students are assigned to a campus job. Generally speaking students work 6-12 hours per week and earn between $2,000-$2,250 yearly. Campus employment earnings are not deducted from a student's bill, but are paid to the student each month.

Campus employment opportunities for Carroll students.

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