TYPES OF AID

Financial aid for students taking courses with IW Online may be available in the following categories:

Grants

A grant is a form of financial assistance that does not need to be repaid. Grants are made available to those with certain levels of financial need or who meet other requirements. There are several types of grants available to many of our learners.

Loans

A loan is a form of financial assistance that requires repayment. Repayment of principal typically begins six months after the student’s educational experience has ended. There are several types of loans available to our learners.

Military/Veteran Benefits

Military/veteran benefits may be utilized by those who have served or who are currently serving in the United States Armed Services, their spouses and dependents, and/or their surviving family members. There are several different military/veteran benefits available to many of our learners.

Scholarships and Discounts

A scholarship is a form of financial assistance that does not need to be repaid. Scholarships are awarded to those who meet certain criteria, such as intended area of study, family history, geographical location, military background, etc. A discount is a form of financial assistance realized as a reduction to the standard rate–typically the per credit hour tuition rate–and does not have to be repaid. Discounts are offered to those who meet certain criteria, such as active duty military status, employment through Learning Alliance member organizations, etc. There are various scholarships and discounts available to our learners.

Tuition Reimbursement/Employer Assistance

Tuition reimbursement/employer assistance includes a variety of employer-sponsored programs to help employees and their dependents pay for college. Many employers who offer a tuition assistance program pay the full cost of the employee’s tuition, lab fees, and textbooks. Others pay a portion of the employee’s educational expenses with specific grade requirements.

In most cases, employers have an annual cap for the amount of tuition assistance and the funds received from these programs will be excluded from income and hence tax-free.

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