Types of Financial Aid for Distance Learning
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Types of Financial Aid for Distance Learning

A subsidized Federal Loan is a guaranteed loan on which the federal government pays the interest while you are in school. The subsidized federal loan is awarded on the basis of financial need.
  
An unsubsidized Federal Loan is a guaranteed loan on which you are responsible for paying the interest. You must contact your lender for interest payment arrangements.
Note: Your school must determine your need for a subsidized Federal Stafford Loan before determining your need for an unsubsidized Federal Stafford Loan. Requesting a given loan type does not necessarily mean you will be eligible to receive that loan type.

The Federal PLUS loan (Parent Loan for Undergraduate Students) is a government-guaranteed loan for parents with a dependent undergraduate student. It is not based on financial need and available regardless of income. Visiting the U.S. Department of Education website.

Private Loans: Some banks issue private loans for education. Speak to your local bank representative for complete details on interest rates and payback plans.

Scholarships/Fellowships: Scholarships and fellowships are awarded to students based on specific criteria. The criteria may include academic merit, artistic talent, geographic location, or another qualifier.

Military: Many individuals who have served in the military are eligible to receive tuition reimbursement.

Tuition Assistance: Many individuals who enroll in online college programs work full-time. Be sure to check with your company about their tuition reimbursement program.
Visit Useful Resources for financial aid search engines.