Compton College participates in federal and state financial aid programs to provide our students grants, loans, waivers, and work-study programs. We also have several different scholarship programs for students.
Gift Aid vs. Self-Help Aid
Gift aid are types of financial aid that do not have to be repaid and do not require a work commitment from the student. Gift aid includes grants and scholarships from federal, state, college, and private sources. Self-help aid, on the other hand, requires either repayment or a work commitment from the student. Student loans, parent loans, and work-study are examples of self-help aid.Grants
Grants are a type of need-based financial aid (meaning they're given based on the student's and/or family's financial situation). They are sometimes described as "gift aid" because the student does not have to pay them back, as they would a loan. Grants can come from the federal government, state governments, and colleges themselves.Loans
Students can borrow money from the government to help cover their college expenses. There are different types of student loans available, but they all must be paid back with interest. If you believe you'll need a student loan to help pay for college, and many students do, you should consider government student loans because they offer lower interest rates.