College

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What is Work-Study?

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A program that provides jobs for students to help pay for their education.

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What is a Loan?

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Money borrowed that must be paid back with interest.

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What is a Debit Card?

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A card linked to a savings or checking account that allows you to spend money you have.

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What is a Credit Card?

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A card that allows you to borrow money up to a certain limit to make purchases, which must be paid back with interest.

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What are Grants?

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Financial aid that does not need to be repaid, often based on need.

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What is a Scholarship?

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Financial aid awarded based on academic or other achievements that does not need to be repaid.

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What is a Personal Identification Number (PIN)?

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A secret number used to authenticate transactions, especially with debit and credit cards.

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What happens if you don't pay your Credit Card bill on time?

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You may incur late fees and interest charges.

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What is the difference between a Debit Card and a Credit Card?

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A Debit Card uses your own money from your bank account, while a Credit Card allows you to borrow money.

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What is the purpose of financial aid?

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To help students pay for their education expenses.