College of Arts and Sciences Undergraduate
Financial Aid Basics

Financial aid awards can be need-based and non-need based. 

Financial need is the cost of attendance minus expected family contribution. COA - EFC= Financial Need

Cost of attendance (COA) will vary by school, and is made up of direct (tuition, fees, room/board) and indirect (transportation, books, personal expenses) costs. The expected family contribution (EFC) is a figure derived from the data inputted on the FAFSA that determines the amount you (and your parents if you are dependent) should reasonably be able to contribute toward your expenses but is not necessarily the amount you will have to pay. There are many types of financial aid, and you can learn more about those below. The University of Redlands provides several payment options for students and families to cover any balance due not covered by scholarships, grants and student loans.

Types of Financial Aid


Scholarships are monies awarded to students for a variety of reasons. This is money that is not paid back. There are a variety of reasons students can be awarded scholarships; academic achievement, service, talent, and more. To learn more about the scholarships available at Redlands, as well as outside scholarships opportunities, click here.



Grants are awarded by federal, state, Redlands, and other organizations. Most grants do not have to be paid back, however it is important to understand the conditions of an award. Some grants do require repayment if a student withdraws before the end of their semester, or does not complete activities connected to the grant. To learn about the grants offered at Redlands, click here.


Loans are borrowed money that must be paid back. Loans have a time frame in which they need to be paid back, and a loan accrues interest. Loans can be provided by the federal government, known as federal student loans, or can be offered by banks or private lenders. When taking out a loan is it important to understand the interest rates, repayment time period, and benefits. Learn more about loans by clicking here.