What types of financial aid are available for students?
Asked a year ago
There are various types of financial aid options available for students in the United States. These include grants, scholarships, work-study programs, and student loans. Grants are usually need-based and do not have to be repaid, while scholarships are typically merit-based and can be awarded for academic, athletic, or other achievements. Work-study programs provide part-time employment opportunities to help students pay for their education. Lastly, student loans are borrowed funds that must be repaid after graduation, and they can come from the federal government or private lenders. The availability and amount of financial aid can vary based on factors such as financial need, academic performance, and program of study. It is essential for students to explore and apply for these different financial aid options to make their education more affordable.
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