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Home Q & A Board Other Fields Homework Help Education Studies
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banussss banussss
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6 years ago
List and describe the four forms of college aid.
 
  What will be an ideal response?
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dua
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6 years ago


  • Loans. Funds that are borrowed and must be repaid with interest. As a general rule, educational loans have more favorable terms and interest rates than traditional consumer loans.


  • Grants. Gift aid that does not have to be repaid and is generally awarded according to financial need.


  • Work-Study. The Federal Work-Study Program (FWS) is a federally funded source of financial assistance used to offset financial education costs. Students who qualify earn money by working on campus while attending school. The money does not have to be repaid.


  • Scholarships. Offered by the school, local and community organizations, private institutions, and trusts, scholarships do not have to be repaid and are generally awarded based on specific criteria.
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