ASU My Future

Financial Aid

As you begin to educate yourself about financial aid, being able to differentiate between the different types of aid available can come in handy. To learn more, visit the Financial Aid website


Scholarships provide aid that does not have to be repaid. Check your eligibility!


Complete the Free Application For Federal Student Aid to determine your federal and state aid eligibility. The FAFSA is now available October 1st of the year prior to the academic year you plan to enroll.


Grants are awarded based on need, and do not have to be repaid. Federal, state and institutional grants are available.


Employment is a popular option for many college students. Federal and state work-study jobs are awarded to students with documented financial need. On-campus employment options are also available for students who are not eligible for work-study.


Loans are borrowed money that must be repaid with interest. Two types of loans are available – federal and private.

  • Federal Loans: These loans allow students and their parents to borrow money to help pay for college through loan programs supported by the federal government. They have low interest rates and offer flexible repayment terms, benefits and options.
  • Private Loans: These are non-federal loans issued by a lender, such as a bank or credit union. Private student loans often have variable interest rates, usually require a credit check and do not provide the same benefits as federal student loans.