COST OF ATTENDANCE

TYPES OF AID

Financial aid is available to all students to help cover the cost of attending Caltech. There are three main types of aid offered at Caltech:

Grants & Scholarships - monetary gifts that are based on demonstrated financial need
Work-Study - an allotment of money that needs to be earned each year by working on-campus or at other eligible institutions
Loans - borrowed money that will need to be repaid with interest after leaving school

GRANTS & SCHOLARSHIPS

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.