Paying for College > Financial Aid > Types of Financial Aid

Types of Financial Aid

Financial aid for credit students may be categorized into three types:

  • Gift aid
    Gift aid includes grants and scholarships that you are not required to repay, except as mandated (see grant repayment requirements).
  • Work-study
    Work-study is an award that must be earned through employment.
  • Direct Loans
    Direct Loans are low-interest loans to help pay for the cost of your education. A loan is money that you borrow and must repay with interest.

Financial Assistance for Continuing Education

Texas Public Education Grants (TPEGs), for tuition only, are available to individuals to take career or occupation-related courses.


You should become completely familiar with the terms and conditions of any financial aid award you accept. If you have questions about a specific award, contact the Financial Aid Office.