Penn State students receive four types of student aid: grants, scholarships, loans, and federal work-study.
Grants are awarded based solely on financial need, have no requirement of repayment, and can come from the federal government, the state, or Penn State.
Scholarships are awarded based on academic achievement. For many University scholarships, financial need is an additional criterion of eligibility. There is no requirement of repayment.
Loans are low-interest awards that must be repaid after students leave Penn State.
- Federal Direct Stafford Loan (To accept a Stafford Loan, a student must complete both the Master Promissary Note and the Entrance Counseling. Sign into the following website with your FAFSA Pin Number: www.studentloans.gov
- Federal Direct Parent PLUS Loan
- Alternative educational loans, see Penn State's student aid website.
Federal Work-Study awards are based on a student's financial need and allows students to earn money towards their school expenses. Work-study earnings are not applied directly to a student's semester bill because work-study students receive a paycheck. Read more