Financial Aid can come from many different sources, including the federal and state government, private associations and organization, your employer and Governors State itself.
Financial aid is grouped into two main categories:
Gift aid is financial assistance that you do not have to repay. It's often awarded based on financial need or academic merit. It includes:
Self-help is financial assistance that must be repaid - or it asks something in return, like work or volunteer hours. It includes:
Financial aid award packages usually consist of a combination of gift aid and self-help aid.