What is financial aid?
Financial aid is more than just grant assistance. Education loans are also a large part of the total financial aid available (and needed) to finance the cost of a legal education. These grants and loans come from a variety of different sources. These include, but may not be limited to, the U.S. Government, HLS institutional funds, Hofstra University funds, outside awards & scholarships sources, and private education loan funds.
Financial aid consists of grants, scholarships, loans, and employment opportunities that are available to help students pay for the cost of attending the university. Most financial aid resources are based on your documented financial need and are intended to supplement, not to replace, your financial resources. Financial need is determined from the information you supply on the Free Application for Federal Student Aid (FAFSA). Link to website Grants: Gift assistance awarded on the basis of financial need and requires no repayment. Scholarships: Gift assistance awarded on the basis of academic achievement or other special ability and requires no repayment. Financial need may be a factor in some awards. Loans: Money that must be repaid at a future date, usually following graduation or when you cease to be enrolled on at least a half time basis. Need- and non-need-based loans are available. Employment: A work-study program of on-or off-campus jobs that involves a direct exchange of money
Financial aid is any source of funds available to assist students to pay for the cost of a college education. Some types of aid are a loan, a grant, or a scholarship. It can also be a resource like Veterans Benefits. Although some financial aid assistance is based on demonstrated financial need, some scholarships and some types of loans do not require financial need.
Financial aid is funds awarded to you to help pay educational costs. The federal and state governments as well as post secondary schools are public sources of aid, while civic groups, clubs, and religious organizations serve as private sources of aid. Financial aid is classified into three basic types: grants and scholarships are funds awarded that are not required to be repaid; employment is work, either on or off campus that you find through campus student employment services or on your own initiative; and a loan is money borrowed from the federal or state government, the University or an alternative lender that must be repaid, including interest. Financial aid is distributed according to a variety of eligibility criteria within two categories: You are awarded need-based aid to make up the difference between your total cost to attend the University full time and the amount of your family’s contribution as determined by the federal government. You may use non-need based aid to replace
