What comprises a need-based financial aid award?
The average need-based award consists of grants or scholarships, a student loan, or work-study. Grant or scholarship money does not need to be repaid. Student loans must be repaid after graduation and there is a six to nine month grace period at that time. Work-study is a federal award that gives students the opportunity to work at an on-campus job during the school year. At Converse, eligible students can earn an average of $1,600.
