Types of Financial Aid

Scholarships assist students with their educational expenses and are considered gift aid, meaning they do not have to be repaid in most cases. Scholarships are awarded based on merit, need or a combination of the two. Baylor offers many scholarships and also accepts scholarships that are funded by organizations other than Baylor; these are called outside scholarships.
Grants are gift aid awarded to students usually based on a need who meet federal, state, and/or university requirements. Federal grant programs include the Pell and Supplemental Educational Opportunity Grants. The state of Texas provides the Tuition Equalization Grant for its qualified residents.
Educational loans are typically low interest loans that must be repaid. Student loans can come from the federal government, State of Texas, private sources such as a bank or financial institution, or from other organizations. Loans made by the federal government, called federal student loans, usually have more benefits than loans from banks or other private sources such as lower interest rates and deferred interest accrual.
Federal Work-Study provides you with an opportunity for a part-time job while you’re enrolled in school. Undergraduate and graduate students are offered Federal Work-Study eligibility if they demonstrate financial need beyond the amount of scholarships, grants and need-based loans they receive.

What option is right for you?

Undergraduate students have many kinds of financial aid to consider when looking at how to fund their education including Academic & Program Scholarships, Outside Scholarships, Direct Subsidized & Unsubsidized Loans, Direct PLUS Loans, Texas College Access Loans, Alternative Loans and Work-Study.
As a graduate student there are several types of financial aid that may be available to assist you including Program Scholarships, Outside Scholarships, Direct Unsubsidized Loans, Direct Graduate PLUS Loans, Texas College Access Loans, Alternative Loans and Work-Study.
Law Students can explore financial aid options to help fund their education including Program Scholarships, Outside Scholarships, Direct Unsubsidized Loans, Direct Graduate PLUS Loans, Texas College Access Loans and Alternative Loans.
Seminary students have several options when considering financial aid including Program Scholarships, Church Matching Scholarships, Outside Scholarships, Direct Unsubsidized Loans, Direct Graduate PLUS Loans, Texas College Access Loans, Alternative Loans and Work-Study.
Baylor participates in various VA Education Benefit Programs including the Yellow Ribbon Program. To discover which funding options are right for you, visit Understanding your VA Benefits
As an international student, you have several types of financial aid that may be available to you including Academic Scholarships, Work-Study and Loans.