A financial aid recipient may
be granted one or more forms of assistance. Students receiving grants and
scholarships are usually also offered loans, campus employment, Pell Grants
if applicable, and state or outside grants as part of their "package." Some
of the different forms of financial aid are:
Scholarships
St. Lawrence University Scholarship awards are
based upon merit. These awards are designed to recognize the academic excellence
of the student. Financial need is not considered when making these awards.
At St. Lawrence, these are offered by the Office of Admissions at the time
of acceptance. More information.
Grants
Grant awards are based on demonstrated financial
need. Grants (resources that you do not have to repay) may be made from
the college's own endowment, from State or Federal sources,
or from outside agency funds. The federal grant programs at St. Lawrence
University include the Pell Grant and Supplemental Educational Opportunity
Grant (SEOG). State grant assistance programs are usually state specific,
and in most cases, the student must attend a college within the state of
residence to be eligible.
Funds from outside agencies require some research
to apply. A web site such as www.fastweb.com or www.finaid.org may
assist you with your outside scholarship search. More
outside scholarship search information.
Educational Loans
There are numerous educational loan programs available
to students. The most common include the federal subsidized and unsubsidized,
low-interest loan programs. A federal subsidized loan is one that has both
the principle and interest payments deferred while the student in enrolled
at least half-time. A federal unsubsidized loan is also low interest, but
only the principle payments are deferred during in-school enrollment. One
typically pays interest-only payments on this loan during periods of enrollment. More
educational loan information.
Student Employment
Student employment is a part-time job on campus and
is also often called work-study or campus employment. Students are usually
paid an hourly wage and many students use this resource for personal expenses. Additional
on-campus employment information.
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