# 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.

[Types of Scholarships](https://finaid.gatech.edu/undergraduate-types-aid/scholarships)

## 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.

[Review Grant Options](https://finaid.gatech.edu/undergraduate-types-aid/grants)

## 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.

[Types of Loans](https://finaid.gatech.edu/undergraduate-types-aid/loans/)

## Work Study

Students with financial need can participate in the Federal Work-Study program, using their earnings to pay towards tuition and other costs.

[More on Work Study](https://finaid.gatech.edu/undergraduate-types-aid/federal-work-study)

## 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!

[View Financial Options](https://finaid.gatech.edu/financial-options-georgia-tech)