Paying for College

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Does scholarship money have to be repaid?

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No, scholarship money does not have to be repaid.

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Money awarded to students that does not need to be repaid is which of the following?

Back

Grant.

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A grant is...

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A type of financial aid (free money), usually given by the government based on the student's need.

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This is the degree normally awarded by a community college.

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Associates degree.

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A work study is...

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Money earned by working at the school as a way to pay for classes.

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What is a scholarship?

Back

A type of financial aid that does not need to be repaid, awarded based on various criteria.

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What is the difference between a grant and a loan?

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A grant is free money that does not need to be repaid, while a loan must be repaid with interest.

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What is financial aid?

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Financial aid is money that helps students pay for their education, which can come in the form of grants, scholarships, loans, or work-study.

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What is a Bachelor's degree?

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A degree awarded by a college or university after completing undergraduate studies, typically taking four years.

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What does 'need-based' mean in financial aid?

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It refers to financial aid awarded based on the student's financial situation.