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Types of Financial Aid

Penn State students receive four types of student aid:  grants, scholarships, loans, and federal work-study.

Grants

Grants are awarded based solely on financial need, have no requirement of repayment, and can come from the federal government, the state, or Penn State.

Scholarships

Scholarships are awarded based on academic achievement. For many University scholarships, financial need is an additional criterion of eligibility. There is no requirement of repayment.

Loans

Loans are a form of financial aid that must be repaid after a student leaves Penn State or drops below half-time attendance.

  • Federal Direct Stafford Loan
    To accept a federal student loan, a student must complete both Loan Entrance Counseling and a Master Promissory Note. Both may be completed at www.studentloans.gov
     
  • Federal Direct Parent PLUS Loan
    The Federal Direct Parent PLUS Loan is available to parents of dependent undergraduate students. More information is available at http://studentaid.psu.edu/types-of-aid/loans/parent-PLUS
     
  • Alternative Educational Loans
    Alternative loans are managed through private lenders. For more information, visit http://studentaid.psu.edu/types-of-aid/loans/private-alternative.

Federal Work-Study

Federal Work-Study awards are based on a student's financial need and allows students to earn money towards their school expenses. Work-study earnings are not applied directly to a student's semester bill because work-study students receive a paycheck.

Applying for Financial Aid

  • Types of Financial Aid
  • Financial Aid Frequently Asked Questions (FAQ)
  • Scholarships and Awards
  • Student Employment and Work-Study

Contact Financial Aid

Alyssa Russell
Student Aid Coordinator
222 Schiavo Hall
570-450-3074
[email protected]

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Penn State Hazleton

Located near Interstates 80 and 81 in northeastern Pennsylvania, Penn State Hazleton is a residential campus offering 13 bachelor's degrees, five associate degrees, and the first two years of over 275 Penn State majors.
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