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Typically, financial aid is used to refer to any form of aid which might be available to help a family afford tuition. It encompasses scholarships and tuition assistance, which we discuss below.
Both tuition reimbursement and employer student loan repayment benefits are offered by employers to help employees pay off their student loans.
Tuition Reimbursement and Financial Aid So, can students use financial aid to help cover additional costs that exceed what the typical employer may offer? The answer is yes, tuition reimbursement and financial aid can be used together.
Yes! You can receive both VA educational benefits and financial aid by filling out the FAFSA. You may be eligible for federal, state and/or institutional loans and scholarships in addition to your VA educational benefits.
FAFSA is neutral for admission purposes. FAFSA allows any student to take a student loan and parents to take a Plus loan if they need/want. This is one reason people fill FAFSA even if they think they wont get grant aid.
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You can consider the aid (scholarship) as reimbursement for your out of pocket expense. For tax purposes, its a wash. Or, you can consider the scholarship as income; in which case your out of pocket costs are eligible for the tuition credit.
The type of aid you receive after filling out the FAFSA determines if you need to pay it back. Grants, scholarships, and work-study money dont need to be repaid but have finite funding limits. You will need to repay subsidized, unsubsidized, and Direct Plus Loans.
For example, if you get $11,000 in aid this semester but tuition and fees run you $10,000, youll get a $1,000 refund. Your refund can come from FAFSA need-based aid, such as student loans and federal grants, but private grants and scholarships often push you over the edge toward getting a refund.

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