Understanding Financial Aid
A wide variety of resources are available to help students and their families meet the costs of a PLU education. More than 90 percent of PLU students receive some form of financial aid. Financial aid is money to help meet the cost of your education that comes from federal, state and university resources, as well as alumni, friends and sources independent of PLU.
Four types of financial aid
- Scholarships & Grants – awards that do not have to be repaid, they can be based on academic achievement, leadership, financial need and academic ability.
- Loans – most are interest-free while you are in school, and a low-interest repayment program begins six to nine months after graduation. Some loans are based on financial need.
- Work Study – money earned from on or off-campus approved jobs.
- Payment Plans – There are three payment options available, which are described in more detail on the last page of the Payment Contract.