What Is Financial Aid?
Financial aid is assistance used to pay school costs. There are many different types of aid that you can choose from. Below is a list of the most common types of aid you could qualify for.*
Federal or State Grants
Also called gift aid, grants do not have to be repaid. Grants are awarded by federal and state governments.
Career CompassTM Grant
You could be eligible to receive up to $2500 toward tuition. The Career Compass™ Grant is Brightwood-awarded and does not have to be paid back. Learn more, conditions apply.†
Loans are the most popular type of financial aid. Federal Stafford and Federal Plus Loans are backed by the federal government and offer low-interest rates. You must demonstrate financial need to qualify for these loans. Alternative Loans are private loans that allow you to borrow additional funds above your federal loan limit. These types of loans are not sponsored by the government and typically have higher interest rates.
Working a full- or part-time job while attending college can help you pay for education costs such as books, supplies, and personal expenses. You might also want to consider work study, which is a federal program that provides you with part-time employment to help you meet your financial needs. This program also gives you valuable work experience while you serve your campus and community.
Scholarships and Third Party Agencies
Many schools offer a wide variety of financial options. These may include scholarships and/or assistance from third party agencies. We could help you find the financial solution that is right for you. Please contact the Financial Aid department for more information about all of these financial options.