Types of financial aid

|
AnnouncementQuick Reference
Use our convenient, printable Quick Reference Sheet for an overview of the grants, scholarships, student employment and loans offered to SPC students.

The amounts and types of financial aid you receive are determined through federal, state and institutional guidelines. Most federal financial aid is based on financial need.

Grants are awarded through federal, state and institutional sources and are based on financial need. Grants are regarded as "gift" aid and do not need to be repaid.

Scholarships are provided through the SPC Foundation, corporations, private donors and the college itself. Scholarships are regarded as "gift" aid and do not need to be repaid.

Student employment is offered through the college. Student employees are paid an hourly rate for work performed.

Loans are offered at low interest rates and can be repaid over an extended period of time.

Financial Assistance Services will verify your eligibility based on the information you provide on your Free Application for Federal Student Aid (FAFSA), the first step in applying for any financial aid.

What is the difference between a grant and a loan?