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The purpose of financial aid is to help students and families meet
educational expenses that cannot be met through their own resources.
Financial aid can be either need-based or non-need-based. The results
of the Free Application for Federal Student Aid (FAFSA) along with the
cost-of-education will determine whether or not a student has financial
need.
There are several types of financial aid available. Grants and
scholarships are considered "gift aid" because they generally do not
have to be repaid. Loans and employment are considered "self-help aid"
because loans have to be repaid and by working you earn money for
educational expenses. Loans are by far the largest source of financial
aid for the majority of students and families. Most grants, some loans
(Subsidized Stafford and the Perkins Loan), and Federal Work-Study are
need-based financial aid programs. The Unsubsidized Stafford and the
Parent Loan for Undergraduate Students (PLUS) are considered
non-need-based. Scholarships can be based upon merit, financial need or
both.
There are four main sources of financial aid. These include the federal
government, the state government, the institution and private entities.
The federal government is by the far the largest source of financial
aid. Approximately two-thirds of all students attending Ohio University
receive some type of financial aid from one or more sources.
Ohio University Financial Aid
Program to Aid Career Exploration (PACE)
The Program to Aid Career Exploration (PACE) is an on-campus work
program sponsored by and unique to Ohio University. PACE provides an
opportunity for students to explore their career interests and to gain
valuable work experience and skills before leaving college to compete
in the world of work. This program, which began on a small scale in
1981, has grown and evolved to the extent that approximately 400
students each year are employed through PACE. PACE is coordinated by
the Office of Student Financial Aid and Scholarships and Career
Services.
Program to Aid Career Exploration
Federal Work Study
Federal Work-Study is a federal financial aid program. It is one of the
three campus-based aid programs. (Federal Supplemental Educational
Opportunity Grant and Federal Perkins Loan are the other two
campus-based programs.) Work-Study allows you to earn money to help pay
educational expenses and encourages community service work and work
related to your course of study to the extent possible. The federal
government stipulates that jobs available through the Federal
Work-Study Program may not displace presently employed persons or fill
regular job openings.
Ohio University Federal Work Study
More Links
FinAid: The Financial Aid Information Page
U.S. Department of Education's FAFSA on the Web Site
U.S. Department of Education Financial Aid for Students
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