Loans are awarded after your eligibility for grants, scholarships, and Federal Work-Study (FWS) is considered. Your financial aid package may include loans in the form of need-based and/or non need-based financial aid. It is important that you only borrow what you need. If you decide to take a loan, make sure you know who is providing the loan and the terms and conditions of the loan. Be sure that you are enrolled in the minimum number of credit hours required for the specific loan type.