There are three basic categories of financial aid that may be awarded.
Grants and scholarships represent ”gift aid,” which does not need to be repaid. In general, a Caltech scholarship is awarded based on financial need. Caltech named and/or endowed scholarships are considered to be based on need and merit. If you qualify for a state or federal grant, this grant will be included in your financial aid package.
Federal Work-Study or Caltech Work-Study represents student employment funds that have been allocated for you to earn during the academic year. Summer Caltech Work-Study represents funds that have been allocated for you to earn during the summer. While a work-study award is not a guarantee of employment, Caltech generally has more opportunities for student employment than it has students interested in working.
Low-interest educational loans: Students are generally offered Caltech/Institute loans. Students may be awarded Federal Direct Stafford Loans if they request them.
