Types of Aid

Financial aid can consist of grants, scholarships, loans and student employment.  Typical financial aid packages consist of a combination of these types of aid.  For more details, choose a type of financial aid below. Students must complete the appropriate forms in order to be considered for the resources below.

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Grants & Scholarships

Grants and Scholarships are resources also known collectively as “gift aid” – they do not need to be repaid or earned by working.  Most grants are considered need-based awards, while scholarships typically are merit-based.

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Loans

All loans must be repaid.  Need-based loan options are available through both Lehigh and the federal government.  Non-need-based loan options are available through the federal government and private sources. Eligibility for these options are determined by financial requirements submitted. 

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Student Employment

A student employment or work study award is an opportunity for a student to get an on-campus job to earn money for college expenses. This award is used to meet a student’s financial need.

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External Scholarships

These gift aid resources may be need-based or merit-based and are administered by third-party agencies and organizations.

Glossary

Cost of Attendance (COA)

This is the combination of direct costs of attendance such as tuition, fees, room and board, as well as indirect costs such as transportation, books, supplies, personal expenses, loan-related expenses or student disability-related expenses.

Direct Lending

The U.S. Department of Education (the Department) is the lender rather than a bank or other financial institution. Direct Loans are low-interest loans for students and parents to help pay for the cost of a student's education after high school.