Grants, Loans, & Work Study

Types of Aid

Augsburg awards several types of financial aid including “gift aid” (scholarships and grants, both merit and need-based, from federal, state, or institutional sources), student loans, and work-study.

Scholarships

Augsburg recognizes students who have demonstrated outstanding academic, leadership, service, and extracurricular achievements through a comprehensive scholarship program.

Grants

Grants are “free money” that does not need to be repaid. They are awarded based on financial need as determined by your FAFSA. They may come from the federal or state government or from Augsburg College.

Loans

Loans are a type of financial aid that must be repaid with interest, usually after you stop attending or graduate from college. The federal student loan programs (FFELP and FDSLP) are a good option to help finance the cost of your college education. Go to the Enrollment Center to learn more about federal and private loan programs.

Work Study

Working on campus — in the library, on the grounds crew, or as an office assistant in athletics — is a great way to build connections on campus while earning money for school. On-campus employment opportunities are posted on the Human Resources website. The College encourages students to work no more than 15 hours per week.

Federal and state on-campus employment awards are need-based financial aid and will not be included in your earnings for purposes of financial aid requests in subsequent years. Augsburg on-campus employment is non-need based and will be reported as income on your financial aid application in subsequent years (as would any off-campus earnings). While all earnings are subject to federal and state income taxes, no Social Security taxes need to be withheld. A W-2 form will be issued to you at the end of the calendar year.