Financial Aid 101 - Garrett College
Apply Now
Plan a Visit
Request Info
Make a Gift

Financial Aid 101

Need-based aid

Need-based financial aid is exactly what it sounds like — it's awarded based on your financial situation. Financial information provided on the FAFSA is used to determine one's need.

Some schools may collect additional information to determine eligibility for any need-based dollars available through the school.

Non-need-based aid

This type of financial aid may be awarded based on a student's ability, talent, or unique characteristics, such as academic achievements, athletic ability, musical talent, or ethnic heritage.

Types of Financial Aid


Grant money is typically based on you and your family's financial situation (need-based aid). Grants DON'T have to be repaid, as long as you meet the requirements.

Learn about GC's Grants & Scholarship opportunities here


Scholarship money is typically awarded based on merit or accomplishments (i.e. good grades, athletic ability, unique characteristics, etc.). As long as you meet the requirements, scholarship money DOESN'T have to be repaid.

Learn about GC's Grants & Scholarship opportunities here

Student Loans

Student loans MUST be repaid. There are various types. Student loans can come from the federal government, from private sources such as a bank or financial institution, or from other organizations. Be sure you completely understand what you are agreeing to before taking out a loan. Consider your future.

Learn about student loans here


Work-study programs offer career-related work experience, allowing you to earn money while working throughout the school year. For information on GC's work study programs, contact Ashley Wilt at 301-387-3057 or

Work Study Application

Reputable sources of financial aid:

  • Federal, state and local governments
  • Colleges and universities
  • Private scholarship organizations (remember: you should never PAY to apply for scholarships!)
  • Civic organizations and churches
  • Employers

For more information about federal aid programs, visit

Video Resources

Priority Deadline



You can apply for Financial Aid at any time. GC encourages you to submit your FAFSA when it first becomes available on October 1 of each year.


Cost of Attendance

Click for Definitions

Updated 2022-11-07