TYPES OF FINANCIAL AID
Explore grants, scholarships, loans, and other ways to pay for college.
At a Glance
| Type of aid | What it is | Repayment |
|---|---|---|
| Grants | Need-based funds, generally from federal or state sources. | No |
| Scholarships | Awards based on achievement, talent, service, career path, financial need, or other criteria. | No |
| Federal Work Study | Part-time employment opportunity for eligible students. | No |
| Loans | Borrowed funds that must be repaid, with interest as applicable. | Yes |
| Florida programs | State scholarships, grants, and prepaid plans. | Varies |
| Military and Veterans Benefits | Education benefits for eligible service members, veterans, and dependents. | No |
Grants are financial aid you generally do not have to repay. Many are based on financial need, as determined by your FAFSA.
Federal Grants
Federal grants may include Pell, FSEOG, and TEACH. Pell awards are based on your Student Aid Index and enrollment. FSEOG is limited. TEACH has service requirements and may convert to a loan.
State Grants
State grants may include FSAG, FSAG for certificate programs, and the First-Generation Matching Grant. Eligibility, funding, and deadlines vary.
Scholarships are awarded based on achievement, talent, financial need, career goals, and more. Some require a separate application and have their own deadlines.
Foundation and Institutional Scholarships
The River Foundation offers scholarships through a rolling application. Apply early through the Foundation Award Portal.
Federal Work Study lets eligible students earn money through part-time work. Availability is limited.
Students must be enrolled at least half-time in eligible coursework to qualify. Federal loans must be repaid.
Loans include Direct Subsidized, Direct Unsubsidized, and Parent PLUS Loans. Borrow only what you need.
Federal Direct Loans
Complete the FAFSA first. Then request a student loan through the Student Forms portal. Approved borrowers must complete the Master Promissory Note (MPN) and the Loan Entrance Counseling through studentaid.gov.
Subsidized Loans are need-based. Unsubsidized Loans begin accruing interest when disbursed. Parent PLUS Loans may be available to parents of dependent students and require a credit check.
You generally need at least 6 credits or 180 clock hours in eligible coursework. Changes in enrollment can affect loan eligibility or future disbursements.
Annual Federal Loan Limits
State grants may include FSAG, FSAG for certificate programs, and the First-Generation Matching Grant. Eligibility, funding, and deadlines vary.
| Student status | Freshman | Sophomore | Junior/Senior |
|---|---|---|---|
| Dependent | Up to $3,500 subsidized | Up to $4,500 subsidized | Up to $5,500 subsidized |
| Independent | Up to $7,500 combined | Up to $8,500 combined | Up to $10,500 combined |
Private Education Loans and Consumer Disclosures
Private loans may require a credit check or co-signer. You may choose any eligible lender.
Florida programs may include Bright Futures, FSAG, and Florida Prepaid. Requirements and deadlines vary.
Florida Bright Futures
Bright Futures is for eligible Florida high school graduates. Apply through the Florida Financial Aid Application and review the Student Handbook.
Renewal is reviewed after spring using GPA and completed hours. Check the State requirements for current standards and appeal options.
The River Promise Program
Promise covers remaining in-state tuition after eligible aid. It does not cover fees, books, or supplies.
Important: Promise covers two years only. It does not automatically cover a full associate degree.
Eligible service members, veterans, and dependents may have education benefits. Military and Veterans Services can help.
Questions and Help
Need help with financial aid? Join The River Line to meet with the Financial Aid team virtually or in person. You can join from anywhere and receive a notification when it is your turn.
