“Free” money; based on financial need; payment prorated with less than full-time enrollment; some grants require a minimum of half-time enrollment.
Awards are based on talent, academic achievement or other criteria; normally require full-time enrollment.
Need to be repaid and require at least half-time enrollment. If enrolling only half-time each semester, budget your Federal Direct Loans instead of taking out the maximum offered. The aggregate cumulative limit for undergraduate dependent students is $31,000; independent students, $57,500.
Requires in-person counseling with UNI staff; can be done by phone.
Usually involves a credit check or co-signer.
Can take 4-6 weeks to complete the process and receive funds at UNI.