Learn about the differences between grants and loans.
Types of Aid
A financial aid award consists of gift aid and/or self-help assistance. Scholarships and grants are considered gift aid as they don't need to be repaid. Student loans and campus employment are forms of self-help aid; loans must be repaid with interest.
The only form that is required to be considered for institutional (Rivier) and/or federal and state aid is the Free Application for Federal Student Aid (FAFSA). If a student only wishes to be considered for merit aid, then no FAFSA needs to be completed.
Merit-based aid is awarded without regard to financial circumstances, but rather is based on academic performance, talents, or other associations. Need-based aid considers your family’s financial need, if you are a dependent, or your own financial need, if you are independent student.
Please note: If a student is receiving tuition reimbursement, tuition remission, or other tuition benefits, their financial aid is subject to change. If a student is receiving 100% reimbursement from an outside source, all Rivier grant and scholarship funding will be rescinded.