Types of Financial Aid
Clarkson College has many financial aid options, and the majority of our students qualify for some form of assistance. Financial aid provided by Clarkson College is intended to supplement, not replace, family resources. Because funds for financial aid are mainly provided by the federal and state governments, the requirements specified by these governments determine who is eligible for aid and the amount to be awarded.
Grants provide funding to students without requiring any repayment. Organizations and agencies award grant money to students based on financial need, academic achievements and career goals.
Scholarships are awarded each year to students who demonstrate qualities such as, but not limited to, outstanding academic achievement, leadership involvement and financial need. The funds come from multiple sources and do not have to be repaid.
Loans are a type of financial aid that requires repayment after graduation and are awarded after your eligibility for grants, scholarships, and Federal Work-Study (FWS) is considered.