Types of Aid and Restrictions
Two types of aid are available to eligible students: 1) self-help, which includes loans and employment, and 2) gift aid, which includes grants and scholarships from federal, state, institutional, and private resources. All financial aid is prorated over the entire academic year. No more than one-half of any aid award is applied to a student’s account for an individual semester.
Institutional gift aid for any academic year cannot exceed the student's direct charges. Institutional gift aid includes, but is not limited to, merit and need-based aid (academic and non-academic), athletic grants, and artistic awards; but it does not include federal and state-funded grants, self-help (work-study, campus employment, and loans), and private scholarships.
Students cannot receive more than one academically based academic scholarship in any given semester. If eligible for more than one academic scholarship, a student is awarded the scholarship with the highest dollar value.
Unless otherwise specified, all students receiving financial aid are required to enroll as full-time students for each semester (12 or more semester hours).
There are limitations on financial aid for semester-long Off-Campus Study programs. See SFS for details.