Office of Scholarships & Financial Aid
Source: https://finaid.gatech.edu/undergraduate-types-aid/ Parent: https://finaid.gatech.edu/
Undergraduate Types of Aid
Scholarships
Scholarships are considered gift aid (or free money) because they generally do not need to be paid back. These can be awarded by governments, colleges, and even private organizations.
Grants
Grants are a form of financial aid that also do not need to be paid back. Grants can come from federal and state governments, as well as from Georgia Tech.
Loans
Loans are borrowed money from a bank, government or lending institutions with the understanding you have to pay the money back. Loans also have added interest that has to be paid back with the loan.
Work Study
Students with financial need can participate in the Federal Work-Study program, using their earnings to pay towards tuition and other costs.
Additional Options
In some cases, students may not qualify for need-based financial aid such as grants or work study. However, there are a variety of creative ways to finance your Georgia Tech degree!