Grants & Scholarships - monetary gifts that are based on demonstrated financial need
The majority of financial aid awarded to Caltech undergraduates comes from grants. Grants are considered "gift aid": they do not have to repaid or earned. Because of this, grants are the most beneficial form of financial aid.
All scholarships and grants at Caltech are need-based, as the Institute does not have a merit aid program. Undergraduate students who fill out a financial aid application will be automatically considered for scholarships and grants from Caltech and the federal government. Grants are also available from state governments, but the application process varies by state.
1.助学金和奖学金 - 在证明所需资金基础上提供的经济捐赠
Work-Study - an allotment of money that needs to be earned each year by working on-campus or at other eligible institutions
Work-Study is a financial aid program that allows students to earn money for their college expenses through work. Students who participate in the Work-Study program also gain valuable job experience.
As a need-based program, all undergraduate students who submit a financial aid application will be considered for Work-Study. Students are typically awarded $2,500 of Work-Study per year. Freshmen will only be awarded $1,350, since they are not permitted to work during the fall term.
Federal Work-Study is available to students who qualify for federal financial aid (most domestic students). Under the Federal Work-Study program, students may earn money by working for:
Public agencies--including Caltech's Jet Propulsion Laboratory (JPL)
Wages earned under the Federal Work-Study program are subsidized by the federal government. The government will pay 75% of a student's wages, leaving the hiring department to pay the remaining 25%.
The Caltech Work-Study is designed to parallel the Federal Work-Study program, making Work-Study funds available to students who do not qualify for federal financial aid (including most international students). There are a few differences between the two programs, though. Students who receive Caltech Work-Study may only earn money by working for:
The Jet Propulsion Laboratory
Wages earned under the Caltech Work-Study program are subsidized by Caltech's financial aid fund. The fund will pay 60% of a student's wages, leaving the hiring department to pay the remaining 40%.
Student Employment is generally available to all students regardless of whether or not they apply for financial aid. The Caltech Career Development Center is happy to assist students in finding part-time jobs. Students typically work an average of 4-10 hours per week. Students may not work for more than 16 hours per week. First-year students may not work during fall term.
2.勤工俭学 - 属于分配的资金援助，但是需要通过每一年在校内或者其他符合要求的组织的勤工俭学来赚取
Loans - borrowed money that will need to be repaid with interest after leaving school
Loans can be an invaluable resource for financing an education. While loans are a type of financial aid, they are not a gift like grants and scholarships, since loans need to be repaid eventually. Loans are mostly a tool for liquidity management: they allow you to postpone paying for a portion of your education. For the class that graduated in 2014-15, 39 percent graduated with educational debt. The average debt at graduation was $20,667. See more borrowing statistics.
All financial aid applicants are considered for a need-based loan from the Federal Perkins Loan or Caltech Loan programs. If you need additional funding, more federal loans are available through the Federal Stafford Loan and Federal PLUS Loan programs. You may also choose to search for loans on the private lending market.
After filling out a financial aid application, undergraduate students will be considered for all three types of aid. Graduate students are only eligible for loan funding.
3.贷款 - 借款，在完成学业离开学校之后需要连同利息一起偿还
Outside scholarships are gifts that are awarded by external businesses and entities. Outside scholarships are similar to grants as they do not generally need to be repaid or earned through work. Award amounts, eligibility criteria and application procedures will vary by scholarship program.
You may be awarded Work-Study and loans as part of your financial aid package. These types of financial aid are considered "self-help" aid, as they need to be earned or repaid, respectively. Any outside scholarships you earn will be used to replace your Work-Study and loan funds. This will reduce (or even eliminate) the amount of money you will need to earn in school or repay afterwards.
If you are receiving need-based financial aid from Caltech, outside scholarship funds cannot be used to reduce your family's expected contribution. Your total financial aid, including outside resources, cannot exceed your demonstrated financial need. Any scholarship funds that remain after replacing all of the awards listed above will be used to offset a portion of your Caltech Scholarship.
Because of these restrictions, adding an outside scholarship to your package cannot increase the quantity of funds available to you. Outside scholarships can only improve the quality of your package by replacing your self-help aid with gift aid.
For more comprehensive information on Veteran’s Educational Benefits at Caltech, visit the Veteran’s Benefits page on the Caltech Registrar’s website.
Post 9/11 GI Bill
The Yellow Ribbon Program
Note: Veteran’s educational benefits are treated like other outside awards in that they can reduce or replace the self-help (loan and/or work) portion of the aid package. Veteran’s benefits do not reduce or replace the calculated Estimated Family Contribution (EFC) in the determination of eligibility for need-based Caltech financial aid.
Since interpretation of regulations governing veterans’ benefits is subject to change, veterans and their dependents should correspond directly with the Department of Veterans Affairs.