Types of Financial Aid
The Financial Aid Office at Cascadia will provide applicants complete information about all types of financial assistance available, in an effort to minimize the financial burden of college education.
Program Information
Students can apply for any of the following financial aid programs by submitting the Free Application for Federal Student Aid (FAFSA) to the processor. Financial Aid programs available include grants, federal work-study, and student loans. Grants are a form of gift aid and do not have to be repaid. Federal Work Study is part-time employment on campus. Student loans are a form of aid that must be repaid including interest. For information and applications, contact the Student Financial Services Office by phone (425.352.8861) or email finaid@cascadia.edu.
There are 3 general types of aid:
- Gift aid, which does not have to be repaid (for example, grants and scholarships)
- Loans (which do have to be repaid -- though in many cases they can be deferred while in school)
- Self-support (earnings for example through work-study jobs which are supported by state and federal aid)
Generally, gift aid is the most desirable for students, but not all students may be eligible. Self-support is good option, and many studies have shown that students who work part-time while in school tend to do better academically than those who do not. Loans are an important option, but students (and their parents) should borrow sparingly and only as much as needed.
Financial aid professionals work to offer students the best package of financial aid that is available based on available financial aid resources, cost of going to school, the student's calculated need, and other factors.
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