Facts About Financial Aid

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Financial aid is generally divided into two types, including free aid and aid that needs to be paid back, such as student loans. Learn about types of free aid, such as grants and scholarships, with help from a financial aid officer in this free video on financial aid and student loans.

Part of the Video Series: Financial Aid
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Video Transcript

Hi, my name is Brook Kramer, and I am the financial aid officer for Argosy University in Salt Lake City, and today we're going to talk about what is financial aid. Financial aid is a catch-all phrase for a variety of different types of aid. There's pretty much two types. There's free aid, which includes grants as well as scholarships... tuition reimbursement, as well as other aid where you need to repay them back, and those would be mostly student loans, either through the federal government or private alternative loans through specific lenders. Now the first thing you need to do to see if you qualify for aid and what type of aid, is complete a FAFSA. That is a Free Application for Federal Student Aid. You're going to want to go to the website, www.fafsa.ed.gov, and once you complete this your university should be able to let you know what you qualify for. If you have any other questions, please feel free to check out our website at www.argosy.edu

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