What is Financial Aid?

Financial aid is any funding used by students to assist with college related expenses. The types include, but aren’t limited to, the following:


  • Money available to students based on information provided on the FAFSA/WASFA. Sources include federal, state and YVC. This money doesn’t have to be paid back.


  • Money available to students based on skills or interests. Available from state, YVC and outside agencies.  This money doesn’t have to be paid back.

Work Study

  • Earnings from work in on-campus positions. Wages are subsidized by the federal government. A FAFSA/WSFA is required.

Student Loans

  • Low, fixed interest rate student loans guaranteed by the federal government. Loans require repayment however, terms include forgiveness for students in certain careers. Paid interest is tax deductible. A FAFSA is required.

Private Loans

  • Available from private lenders, banks and credit unions to assist with educational expenses not covered by other financial aid. Interest rates and terms vary by lender. Often require co-signer for student. Not eligible for government forgiveness provisions or other terms. Students and parents strongly advised to carefully read and review terms before accepting.

Tuition Waivers

  • Money available to students based on affiliation with employers, groups or organizations. Students and families should contact their employer for information. This money doesn’t have to be paid back and may be in the form of reimbursement after successful completion of courses.

The staff in the financial aid office is committed to helping you qualify for financial aid. However, financial aid is no substitute for good planning and preparation. Please read the informational pages of our website.

Be sure to apply early.  You can begin completing your FAFSA on October 1.

Financial aid processing, especially during peak periods, takes longer than you might expect. In particular, allow at least two months for the office to process appeals or complete verification, and allow at least a month for loans to process before the start of a term. Respond to any requests from the financial aid office in a timely manner and be sure to check the financial aid portal weekly.

Need-based Assistance Programs