Financial Aid Basics

Your family qualified for a federal government program that reduced the interest on the money you borrowed to pay for college.

• Work Study

• Scholarship

• Grant

• Loan

You received $3,000 per year from the lottery funds in your state. Every high school graduate can receive this aid if they attend an in-state college.

• Work Study

• Scholarship

• Grant

• Loan

Your parents borrowed money through a U.S. government program for parents of college students.

• Work Study

• Scholarship

• Grant

• Loan

You are majoring in chemistry and entering your third year of college. You receive money from the federal government through a program that awards financial aid to students majoring in science, technology, engineering, or math.

• Work Study

• Scholarship

• Grant

• Loan

Your mom works for a company that will pay 50 percent of your tuition at any in-state public college.

• Work Study

• Scholarship

• Grant

• Loan

You received a financial aid package that requires you to work a certain number of hours per week on campus.

• Work Study

• Scholarship

• Grant

• Loan

Your college offers a program that provides financial aid based on academic achievement and extracurricular involvement.

• Work Study

• Scholarship

• Grant

• Loan

You are awarded a financial aid that does not need to be repaid and is based on financial need.

• Work Study

• Scholarship

• Grant

• Loan

You took out a financial aid package that requires repayment with interest after graduation.

• Work Study

• Scholarship

• Grant

• Loan

Your financial aid package includes a component that allows you to earn money through part-time employment while studying.

• Work Study

• Scholarship

• Grant

• Loan