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Types of Financial Aid
Financial Aid > Types of Financial Aid
 As a branch of The Art Institute of Atlanta, The Art Institute of Washington will participate in federal, state, and other
financial aid programs. Financial aid is divided into three general categories:
GIFT AID
These are grants, scholarships, and other benefits that do not have to be repaid.
Most grants are based on financial need, as determined by a federal formula,
and are given by the federal or state governments; most scholarships are based
on criteria such as grades or affiliations or other criteria, and may or may
not also include a financial need component; most benefits are based on a combination
of criteria. For more information about gift aid, click here<link to Types
of Aid and Determining Eligibility PDF form>.
- Federal Pell Grant
- Federal SEOG (Supplemental Education Opportunity Grant)
- Art Institute of Washington Scholarships
- Other Scholarships
- Vocational Rehabilitation
- Veteran Benefits
- Tax Benefits
LOANS
Loans do need to be repaid; repayment can usually be delayed until several
months after the student leaves school. Some loans, such as Federal Stafford
and Federal Perkins loans, are given to students in their own names; some
loans, such as Federal PLUS loans, are given to parents of dependent students.
Some loans are based on the student's financial need; some loans require
a credit check; some loans are available regardless of income. There are
alternative education loans, given by private lenders to students, which
may or may not require a cosigner. For more information about loans, click
here<link to Types of Aid and Determining Eligibility PDF form>.
- Federal Subsidized Stafford Loan
- Federal Unsubsidized Stafford Loan
- Federal PLUS Loan (Parent Loan for Undergraduate Students)
- Federal Perkins Loan
- Creative Education Loan
- Home Equity Loan
WORK
Some students choose to work to help to pay their living expenses while attending
school. The Art Institute of Washington participates in the Federal Work-Study
program, and also assists students to find part-time jobs in the community.
For more information about work programs, click here<link to Types of
Aid and Determining Eligibility PDF form>.
- Federal Work-Study
- Part-time job assistance
- For more detailed information about all of the Financial Aid programs,
click here <link to Types of Aid and Determining Eligibility PDF form>.
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